Mitsubishi Electric: Recent Developments Support Long-Term Targets

Mitsubishi Electric remains a 'buy,' supported by ambitious long-run operating profitability and ROE goals for FY31. MIELY's $1.4B PCI acquisition accelerates its shift to high-margin software revenues in the energy division. The defense business's outlook is underpinned by participation in the Global Combat Air Program (GCAP), which entails more lucrative overseas contracts.

I've stayed positive on Mitsubishi Electric Corporation ( MIELY ) ( MIELF ) (6503.T). I believe that the chances of MIELY significantly improving its future results have gotten better. The outlooks for its defense and energy businesses have This article was written by The Value Pendulum 13.6K Followers Follow The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.