Sharp, which Hon Hai reinvested, was downgraded by Japanese credit rating firm R&i, expecting it to be "negative". R&i said that it may not be easy for Sharp to achieve its annual profit target. Sharp's stock price fell heavily on the 18th.
As of the morning of the 18th in Japan (10:30 a.m.), Sharp fell 389% to 1,0015 yen, which fell to 993 earlier1 yen, 1,000 yen lost;So far this year, Sharp's stock price has accumulated about 55%, underperforming ** (Topix) rose about 21% over the same period.
Japan's credit rating company R&I (Rating and Investment Information) issued a press release on the 15th, announcing that the rating of Sharp's issuer was downgraded from the original "BB" to "BB-", and the expectation is "negative".
Regarding Sharp's LCD panel business, which continues to fall into losses, R&i pointed out, "It is not yet foreseeable that it can turn a profit early. It is likely that it will take time for the damaged financial foundation to be repaired." R&i also pointed out that due to the decline in consumers' willingness to buy durable consumer goods, it will not be easy for Sharp to achieve its profit target for the current year.
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