Market Might Still Lack Some Conviction On Asahi Kogyosha Co., Ltd. (TSE:1975) Even After 26% Share Price Boost
Those holding Asahi Kogyosha Co., Ltd. (TSE:1975) shares would be relieved that the share price has rebounded 26% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. The last 30 days bring the annual gain to a very sharp 43%.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Asahi Kogyosha’s P/E ratio of 11.2x, since the median price-to-earnings (or “P/E”) ratio in Japan is also close to 13x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6%…
