Mitsui: New Three-Year Plan Should Deliver 10% Annual Growth (Rating Upgrade)

Mitsui & Co. stock has had a strong run thanks to higher commodity prices. Mitsui's new 3-year plan anticipates 10% annual profit growth without relying on further commodity price improvement. Focus areas continue to include iron ore and copper growth, transportation, LNG, and food distribution. Enabling and using growing computing power is an added activity.