I bought them in spring 2023 together with $8001 and $8031. All solid bums as I like it, nice divi and share buybacks. However, the price gains for all of them were also due to higher valuations and $8058 in particular has the highest valuation, but also buys back shares extremely strongly.
Alternatives would be $8053 $8002 and if you are prepared to take more risk and your broker reaches as far as the Tokyo stock exchange, there are also $8098
Alternatives would be $8053 $8002 and if you are prepared to take more risk and your broker reaches as far as the Tokyo stock exchange, there are also $8098
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2Lun
Thanks for the info👍
Where can I find information about Itochu, I haven't really been able to read up on the company yet, I'd like to do that sometime
Where can I find information about Itochu, I haven't really been able to read up on the company yet, I'd like to do that sometime
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@xzxzx
Try their website. There is also one in German, as they are also represented in this country and at least have Investor Relations in English.
Otherwise, a brief summary from my brain: $8001 as well as $8058 and the other Sogo Shosha are middlemen for all kinds of things. Chemicals, raw materials, primary and end products. For example, they operate a lot of LNG tankers, which is why they had these massive jumps in profits in 2021/22. They also have pipelines, port terminals and all kinds of infrastructure that they build and operate in the emerging markets of Southeast Asia, for example. $8002 is the project manager for a wind farm in the Gulf States, for example. In addition, there are all kinds of (minority) shareholdings and subcontractors. $8001 and $8058 also have their own supermarket chains, among other things.
Try their website. There is also one in German, as they are also represented in this country and at least have Investor Relations in English.
Otherwise, a brief summary from my brain: $8001 as well as $8058 and the other Sogo Shosha are middlemen for all kinds of things. Chemicals, raw materials, primary and end products. For example, they operate a lot of LNG tankers, which is why they had these massive jumps in profits in 2021/22. They also have pipelines, port terminals and all kinds of infrastructure that they build and operate in the emerging markets of Southeast Asia, for example. $8002 is the project manager for a wind farm in the Gulf States, for example. In addition, there are all kinds of (minority) shareholdings and subcontractors. $8001 and $8058 also have their own supermarket chains, among other things.
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•2Lun
@TorteInYourFace Thank you for the explanation, it has helped me a lot.
I'll have a read 👍
I'll have a read 👍
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