Workflow
Polycrystalline silicon
icon
搜索文档
Business Portfolio Evolving; New Sustainable Growth Phase-20260619
摩根士丹利· 2026-06-19 15:10
June 19, 2026 06:30 AM GMT Tokuyama (4043) | Japan Business Portfolio Evolving; New Sustainable Growth Phase | What's Changed | | | | --- | --- | --- | | Tokuyama (4043.T) | From | To | | Price Target | ¥4,700 | ¥6,300 | Tokuyama is selling cement sales rights, and is considering to halt production around 2028; market focus is shifting to Electronic & Advanced Materials (EAM) and Life Science (LS). We forecast OP from continuing businesses to double over next 5 years (CAGR 14%). Key Takeaways Lift PT to ¥6, ...