湾流：股价短期上涨空间有限，但长期增长潜力不变-20250523
2025-05-23 00:55
J P M O R G A N Asia Pacific Equity Research 23 May 2025 BayCurrent (6532) See little short-term upside for share price, but unchanged longer-term growth potential Reflecting the current business environment, we raise our price target from ¥8,000 to ¥8,600 (5% upside as of May 22). We think the market views the capital policy announced at FY2024 results (dividend payout ratio of 40%, total return ratio of about 60%) as positive, and based on this policy we expect ROE to remain at least 40% from FY2026 (37% ...