Professional
Added to YB: 2024-05-28
Pitch date: 2024-03-31
8309.T [bullish]
Sumitomo Mitsui Trust Group, Inc.
+114.34%
current return
Author Info
No bio for this author
Company Info
Sumitomo Mitsui Trust Group, Inc. operates as a trust bank in Japan and internationally. It operates through Wealth Management Business, Corporate Business, Investor Services Business, Real Estate Business, Global Markets Business, and Asset Management Business segments.
Market Cap
JPY 4.4T
Pitch Price
JPY 3.1K
Price Target
N/A
Dividend
3.00%
EV/EBITDA
N/A
P/E
14.01
EV/Sales
N/A
Sector
Banks
Category
growth
Harris Associates Japan Strategy Portfolio Holding: Sumitomo Mitsui Trust Holdings, Inc.
SMTB.JP: Well-run Japanese bank to gain from stronger economy, loan growth & asset prices. Cost-focused mgmt prioritizes fees. Completed ¥20B buyback of 10M shares in March. Positioned for upside as Japan recovers.
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