Mitsui Holdings: potentially profitable investment targets.
03/26/2010

“Mitsui Holdings” – The current selloff in equities will present an excellent opportunity for investors.

Online PR News – 26-March-2010 – – “Mitsui Holdings”, the Asia-based asset manager, believes that although the investment community’s attention is currently focused on the possibility of sovereign debt default, investors should not forget that the world's largest banks are still in dire straits.

Analysts at the firm suggest that credit card defaults and mortgage delinquencies are set to continue to gather pace during the course of 2010 and investors should avoid making speculative forays into the market by purchasing stocks in these financial institutions.

“Mitsui Holdings” told clients that they should not forget that the mark to market accounting rules were relaxed during the course of 2010 will have made banking quarterly reports appear considerably more positive than they otherwise would had the accounting rules remain in place.

“Mitsui Holdings” sources did say, however, that the time was approaching in the US when a handful of medium-sized banks would become potentially profitable investment targets but added that, at some point in the not-too-distant future, some of the largest banking concerns would have to raise additional capital thereby diluting their stock.

The firm cited names like JP Morgan, Bank of America and Citigroup as financial institutions investors should avoid.