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Latest News for SSUMF
Sumitomo: Eyes On Full Subsidiary Ownership And Portfolio Restructuring
I continue to assign a "Buy" rating to Sumitomo Corporation after evaluating its latest corporate developments. Making SCSK a fully owned subsidiary should boost its future growth prospects and financial returns. It is actively reshaping its portfolio by divesting underperforming assets; a recent example is the sale of its fresh produce subsidiary Fyffes' melon segment.
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