Will China dig its way out of a looming economic slowdown? Japanese construction-machinery maker Komatsu is a good bet on that—at a bargain-basement price. Komatsu’s shares have dropped 25% this year, vastly underperforming the benchmark Topix, down just 7%, and worse than those of its U.S. peers. Caterpillar Inc., for example, has fallen 11%. Paradoxically,...

Source: Wall Street Journal September 08, 2018 10:52 UTC