TSE:5406Metals and Mining
Kobe Steel (TSE:5406): Assessing Valuation Following Earnings, Dividend Surprise and Bond Price Reset
Kobe Steel (TSE:5406) just released half-year results that caught the market’s attention. While sales and operating profit dipped, attributable profit edged higher. In addition, a surprise interim dividend led to swift changes in bond conversion prices.
See our latest analysis for Kobe Steel.
Momentum has picked up sharply for Kobe Steel, as the share price logged an 18.8% year-to-date gain, with a 1-year total shareholder return of 21.7% and a staggering 253.9% over three years. Recent...