Sumitomo: Eyes On Full Subsidiary Ownership And Portfolio Restructuring [Seeking Alpha]
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
Company Research
Source: Seeking Alpha
Making SCSK a fully owned subsidiary should boost its future growth prospects and financial returns. It is actively reshaping its portfolio by divesting underperforming assets; a recent example is the sale of its fresh produce subsidiary Fyffes' melon segment. alexeynovikov/iStock Editorial via Getty Images I've kept Sumitomo Corporation's ( SSUMY SSUMF ) (8053.T) "Buy" rating unchanged. My view of its latest corporate moves is favorable. The stock is also valued by the market at a wide discount to other trading companies in Japan. Its cash deployment More on my IG service Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e., buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e., buying earnings power at a discount in great companies like "Magic For
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