bullish
Sumitomo Forestry (1911 JP): Selloff Provides Entry for Potential Index Inclusion
501 Views05 Aug 2024 06:14
Sumitomo Forestry could be added to a global index this month depending on the day chosen. The stock has outperformed peers but trades cheaper on forward PE. Further downside could provide opportunity
What is covered in the Full Insight:
- Introduction
- Potential Index Inclusion
- Peer Comparisons
- Positioning and Volume Analysis
- Trade Ideas and Conclusions
Boomeranged on Tue, 20 Aug 2024 10:15
Sumitomo Forestry missed out on index inclusion in August. Then came the market wide selloff that took the stock a lot lower. The stock is up 35% from the close on the day since this Insight was published. Now chances of index inclusion in November are higher but a lot can happen between now and end-October.
SUMMARY
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