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The target price for Kanematsu ( TYO: 8020) has increased. It is now 2,650 yen per share. An 18% jump since July.
Analysts are divided. Some say 2,500, others 2,800. There seems to be optimism in the air. The current price is 2,300 yen.
Kanematsu offers good dividends. A 3.8% yield. Not bad. They have been increasing over the years.
Funds are somewhat uneasy. Some have left. But those remaining have bought more. Curious, isn’t it?
Vanguard, DFA, and Goldman Sachs are the big players here. They hold a lot of shares.
Anyway, Kanematsu is worth talking about. We’ll see what happens.