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MarketScreener Homepage  >  Equities  >  Tokyo  >  Marubeni Corporation    8002   JP3877600001

MARUBENI CORPORATION

(8002)
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Japan's Marubeni puts Brazil port terminal Terlogs on sale - sources

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10/08/2019 | 04:33pm EDT
Logo of Marubeni Corp is seen at the company headquarters in Tokyo

SAO PAULO (Reuters) - Japan's Marubeni Corp has put a Brazilian port terminal on sale, four sources familiar with the matter said on Tuesday, aiming to shed an asset that has faced tough competition from rival ports in southern Brazil.

Marubeni in Japan did not immediately respond to a request for comment.

In February, Marubeni issued a statement expressing concern about the loss of competitiveness of its Terlogs terminal at the São Francisco do Sul port, in Santa Catarina state.

Marubeni urged authorities to modernize the government-owned port to stay competitive with those in southern Brazil such as Paranaguá and Rio Grande. The firm also suggested "the immediate privatisation" of shipping and equipment maintenance services at São Francisco do Sul.

Marubeni made its first investment in Terlogs Terminal Marítimo Ltda, as the grain export terminal company is formally known, in 2005, when it acquired a 25% stake, according to public disclosures.

Six years later the company bought out its partners in the Terlogs operation.

(Reporting by Ana Mano; Editing by Sandra Maler and Richard Chang)

By Ana Mano

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.08% 4.603 Delayed Quote.3.60%
MARUBENI CORPORATION 1.13% 742 End-of-day quote.-2.03%
UNIVERSAL SCIENTIFIC INDUSTRIAL (SHANGHAI) CO., LTD. 0.56% 14.33 End-of-day quote.58.33%
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Financials (JPY)
Sales 2020 7 417 B
EBIT 2020 168 B
Net income 2020 233 B
Debt 2020 1 842 B
Yield 2020 4,78%
P/E ratio 2020 5,56x
P/E ratio 2021 5,31x
EV / Sales2020 0,42x
EV / Sales2021 0,40x
Capitalization 1 287 B
Technical analysis trends MARUBENI CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 790,00  JPY
Last Close Price 741,70  JPY
Spread / Highest target 28,1%
Spread / Average Target 6,51%
Spread / Lowest Target -11,0%
EPS Revisions
Managers
NameTitle
Masumi Kakinoki President, CEO & Representative Director
Fumiya Kokubu Chairman
Nobuhiro Yabe Chief Financial Officer & Representative Director
Yukihiko Matsumura Representative Director & Executive Vice President
Hirohisa Miyata Representative Director & Chief Strategy Officer
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