Japan's Sekisui House climbs to record high on improved annual profit forecast
06/09/2024 02:23
** Shares of Sekisui House Ltd 1928.T touch a record high
after the Japanese housing maker raised its annual profit
forecast on robust U.S. housing business
** Sekisui House, which has been expanding its U.S. business
and acquired Denver-based builder MDC Holdings in January, is
likely to benefit from a potential U.S. rate cut this month
** Shares of Sekisui House rise as high as 4,068 yen after
co raised its forecast by 3.4% to 288 bln yen ($2.01 bln)
($1 = 143.1700 yen)
(Reporting by Junko Fujita)
((junko.fujita@thomsonreuters.com;))