Mitsubishi Electric Launches New Elevator and Escalator Company in Laos
MITSUBISHI ELEC UNSP/ADR (MIELY)
NASDAQ:AMEX Investor Relations:
mitsubishielectric.com/company/ir/index.html
Company Research
Source: Business Wire
Expected to accelerate business growth in fast-emerging Mekong regional market TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has established MELCO Elevator Lao Sole Co., Ltd. (MLAO) to accelerate its elevator and escalator business growth in the highly promising Mekong regional market. The new company, which was established by Mitsubishi Elevator (Thailand) Co., Ltd. (MET), a Mitsubishi Electric subsidiary, will commence operations on July 1, 2019. The new company is expected to strengthen Mitsubishi Electric’s sales of elevators and escalators as well as related provision of high-quality maintenance services. Annual sales in Laos are expected to rise to US$ 3.82 million by the fiscal year ending in March 2024, up 50% from the fiscal year that ended in March 2019. Laos, which has been posting year-to-year GDP growth of approximately 7% for
Show less
Read more
Impact Snapshot
Event Time:
MIELY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MIELY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MIELY alerts
High impacting MITSUBISHI ELEC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
MIELY
News
- Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2024Business Wire
- Mitsubishi Electric Europe Selects Soracom to Connect Cloud-Enabled HVAC Systems [Yahoo! Finance]Yahoo! Finance
- UAE Elevator and Escalator Market Report 2024: Market Size Projected to Reach 12,794 Units by 2029 - Expanding Residential Construction to Hike Elevators and Escalators Demand [Yahoo! Finance]Yahoo! Finance
- Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems [Yahoo! Finance]Yahoo! Finance
- Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment SystemsBusiness Wire