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Sydnee Gatewood
Sydnee Gatewood
Articles (3098) 

Royce International Premier Fund Comments on Daifuku

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August 18, 2020 | About:
Japan's Daifuku (TSE:6383) made the biggest positive impact on first-half performance. The company develops, manufactures, and provides a wide range of automation and logistics solutions and services. We like its leading global positions in a diverse selection of attractive end markets that range from automated warehousing to semiconductor manufacturing, as well as its large and increasing share of after-market revenues. This supports enduring customer relationships that can generate 15-20 years of repeat revenues. We trimmed our position during the first half as its shares climbed.

From Chuck Royce (Trades, Portfolio)'s Royce International Premier Fund (Trades, Portfolio) second-quarter 2020 commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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