Nissei ASB Machine Set to Benefit from Some Tailwinds

Dow Jones07-06 12:43

0443 GMT - Nissei ASB Machine stands to benefit from some tailwinds, SMBC Nikko Securities' Ryozo Minagawa says in a research report. Its molding machines are in high demand, especially in the U.S., Europe, and India, with orders having risen 25% on-year in 2Q of the current fiscal year, the analyst say. The Japanese company's machinery is highly efficient in terms of resource and energy consumption. Also, some regulations of EU's 'Packaging and Packaging Waste Regulation' could spark medium-term growth in demand for the company's machines as they are compatible with recycled polyethylene-terephthalate bottle production. The brokerage initiates coverage of the stock with an outperform rating and target price of 13,000 yen. Shares are up 10.5% at Y10,180.(ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 06, 2026 00:43 ET (04:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment