Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Suzuki Motor Corporation
  6. News
  7. Summary
    7269   JP3397200001

SUZUKI MOTOR CORPORATION

(7269)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nikkei hits over 2-year high on Wall Street boost, focus on final U.S. election tally

11/05/2020 | 01:58am EDT

TOKYO, Nov 5 (Reuters) - Japanese shares ended at a more than two-year high on Thursday, buoyed by overnight Wall Street gains, while focus remained on final tally for the U.S. presidential election after several state results gave a narrow lead to Democrat Joe Biden and a likelihood of divided Congress.

The benchmark Nikkei share average rose 1.73% to close at 24,105.28, its highest since Oct. 3, 2018. The broader Topix gained 1.39% to 1,649.9.

Biden predicted a U.S. election win over President Donald Trump after pivotal victories in Michigan and Wisconsin, but the risk of a prolonged contested election remains as Trump's campaign moved to file lawsuits and request for a recount in many states.

Analysts said stocks were supported by overnight Wall Street gains as the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult to enact.

Growth shares performed well, taking positive cues from their U.S. counterparts.

"U.S. growth stocks were buoyed by a drop in U.S. long-term interest rate as investor wariness eased over massive government spending. This helped Japanese growth-oriented stocks to track them higher," said Takashi Hiroki, chief strategist at Monex Securities.

The Topix Growth index rose 2.46%, while the Topix Value index inched 0.26% higher.

Banks and insurers were down 1.03% and 1.44%, respectively, as they were hurt by overnight drops in U.S. Treasury yields.

Pharmaceutical firm Eisai jumped 17.91% to hit its daily limit after the company and its partner Biogen Inc moved closer to receiving the U.S. FDA's nod for their Alzheimer drug.

Subaru Corp rose 0.31%, after the automobile company raised its operating profit outlook as U.S. vehicle sales rebounded more than it expected.

Suzuki Motor climbed 4.89% as its profit forecast was higher than analysts' expectations.

The Mothers Index of start-up firm shares gained nearly 3.2%, extending its rally from a more than 5% rise. (Reporting by Eimi Yamamitsu; editing by Uttaresh.V and Rashmi Aich)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIOGEN INC. -2.00% 264.8 Delayed Quote.8.14%
EISAI CO., LTD. 0.02% 8039 End-of-day quote.9.05%
NIKKEI 225 0.34% 28804.85 Real-time Quote.4.61%
SUBARU CORPORATION -0.46% 2275.5 End-of-day quote.10.33%
SUZUKI MOTOR CORPORATION -0.25% 5110 End-of-day quote.6.86%
All news about SUZUKI MOTOR CORPORATION
10/21Risk currencies' rally hits speed bump, yen rebounds
RE
10/18Japanese shares end lower on profit-taking; automakers shine
RE
10/17Japanese shares slide on profit-taking; automakers hit 6-year high
RE
10/14SUZUKI MOTOR : Stable currency is vital, says Japan finmin, as yen descends to 3-year low
RE
10/07SUZUKI MOTOR : New Japan finance minister Suzuki warns against any sharp yen moves
RE
10/04MARUTI SUZUKI INDIA : sales in September 2021
AQ
10/04Profiles of Japanese ministers in PM Kishida's cabinet
RE
10/04Profiles of likely Japanese cabinet ministers
RE
10/03SUZUKI MOTOR : Profiles of likely Japanese cabinet ministers
RE
10/03SUZUKI MOTOR : Japan's new PM calls Oct. 31 election, vows to fight pandemic
RE
More news
Analyst Recommendations on SUZUKI MOTOR CORPORATION
More recommendations
Financials
Sales 2022 3 483 B 30 683 M 30 683 M
Net income 2022 165 B 1 451 M 1 451 M
Net cash 2022 487 B 4 292 M 4 292 M
P/E ratio 2022 15,1x
Yield 2022 1,98%
Capitalization 2 482 B 21 823 M 21 862 M
EV / Sales 2022 0,57x
EV / Sales 2023 0,50x
Nbr of Employees 68 739
Free-Float 85,0%
Chart SUZUKI MOTOR CORPORATION
Duration : Period :
Suzuki Motor Corporation Technical Analysis Chart | 7269 | JP3397200001 | MarketScreener
Technical analysis trends SUZUKI MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 5 110,00 JPY
Average target price 5 720,00 JPY
Spread / Average Target 11,9%
EPS Revisions
Managers and Directors
Toshihiro Suzuki President & Representative Director
Osamu Honda Representative Director & Technical Supervisor
Toshiaki Hasuike Director, VP, Head-Production & Technology
Kinji Saito Director & Senior Managing Executive Officer
Takanori Suzuki Director & Senior Managing Executive Officer
Sector and Competitors
1st jan.Capi. (M$)
SUZUKI MOTOR CORPORATION6.86%21 823
TOYOTA MOTOR CORPORATION24.64%241 593
VOLKSWAGEN AG28.66%142 527
DAIMLER AG42.08%102 180
GENERAL MOTORS COMPANY38.74%83 866
GREAT WALL MOTOR COMPANY LIMITED27.82%73 586