Industries — Plant Engineering & Shipbuilding: Third
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Industries — Plant Engineering & Shipbuilding: Third

Ryo Tazaki

Nomura Securities Co.

Rising from runner-up, where he debuted last year, to third place is Ryo Tazaki of Nomura Securities Co. “He’s been catching up fast, outshining more-veteran competitors,” declares one portfolio manager. In February, Tazaki urged clients to buy IHI Corp., a Tokyo-based manufacturer whose business segments include aerospace, resources and energy, and shipbuilding, among others. The aerospace unit is benefiting from the weaker yen, which drives demand for exports, and “increasing engine production for civil aircraft, mainly for Airbus,” he explains. At the same time, IHI’s rotating and mass-production machinery division is enjoying growing demand for its high-quality turbocharger, a key component in automobile engines. By mid-March the stock had jumped 19.4 percent, from ¥247 to ¥295, and trumped the sector by 17 percentage points. Tazaki remains bullish. — Paul Sweeney

Gift this article