bullish
Idemitsu (5019): First SumiChem's, Now JERA's Stake in Fuji Oil (5017) To Go to 22%. It's Coming...
723 Views16 Apr 2024 22:19
Idemitsu has bought two corporate stakes in Fuji Oil to go from 6+% to nearly 22%. This is not a big surprise. There's history. Medium-long-term, a TOB is likely. Long-term Buy. Short-term volatile.
What is covered in the Full Insight:
- Idemitsu's stake in Fuji Oil
- Background on the Refinery Business
- Idemitsu and Activist History with Fuji Oil
- Fuji Oil Ownership
- Fuji Oil Fundamentals
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