TSE:5020Oil and Gas
ENEOS Holdings (TSE:5020) Stock Could Be 29.8% Undervalued After JX Advanced Metals Sale
ENEOS sale of JX Advanced Metals stake puts one time profit in focus
ENEOS Holdings (TSE:5020) has sold 57.3 million shares of JX Advanced Metals, trimming its stake from about 42% to 35%, and has flagged an estimated ¥86 billion contribution to operating profit.
Despite this one off gain, which is expected in the fiscal year ending March 2027, ENEOS left its consolidated earnings forecast unchanged and pointed to broader macroeconomic uncertainties as a key reason for keeping guidance...