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Asahi stocks go up

Post Time:Aug 25,2008Classify:Industry NewsView:235

Asahi Glass Co. rose 3 percent to 1,132 yen [$10.3] after Mitsubishi UFJ Securities lifted its rating on the stock to 2 from 3, saying it was undervalued when considering the company's operating profit level for the current and next business years.

The brokerage said Asahi Glass's operating profit looked set to continue growing thanks to healthy demand for sheet glass used in TFT-LCDs.

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Source: http://www.glassmagazine.com/news-item/commercial/asahi-stocks-goAuthor:

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