SUMCO Corporation: Reasonable valuation despite strong growth prospects

Main Points Earnings growth is strong and the semiconductor industry remains healthy with strong demand and prices Attractive valuations despite strong growth Greatly improved financial condition Improving ROE General Information Name of Company Country of Origin/ Exchange Traded Sector Stock Price Target Price SUMCO CORP Japan/ TSE Technology – Semiconductors – Semiconductor Equipment & Materials JPY2400.00 JPY3186.87 @ 31 Jul 2018 COMPANY PROFILE SUMCO Corp is a Japan-based company that manufactures and supplies silicon products for the semiconductors industry, ranging from single crystal silicon ingots to polished, epitaxial and SOI wafers. SUMCO Corp is a Japan-based company that manufactures and…...