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IND-X Securities - Japanese Radar Screenings – Monday, 20 December 2010 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar

increasing volume - declines

4555 4912 8112 8227

1969 3107 3227 3529 4045 5481 6255 7220 7483 7988 8242 8270 8544 8973 8981

SAWAI PHARMACEU LION CORP TOKYO STYLE CO SHIMAMURA CO LT

sell radar 3227 3265 5707 5801 5805 6383 6506 6508 6588 7012 8036 8270 8984 9107 9401

MID REIT INC HULIC CO LTD TOHO ZINC CO LT FURUKAWA ELECTR SWCC SHOWA HOLD DAIFUKU CO LTD YASKAWA ELECTRI MEIDENSHA CORP TOSHIBA TEC COR KAWASAKI HEAVY HITACHI HIGH-TE UNY CO LTD BLIFE INVESTMEN KAWASAKI KISEN TOKYO BROADCAST

due a bounce 5727 TOHO TITANIUM C 9684 SQUARE ENIX HOL due a fall 2317 3730 5012 5482 5632 6104 6728 7243 8410 8585 9409 9438 9449

SYSTENA CORP MACROMILL INC TONENGENERAL SE AICHI STEEL COR MITSUBISHI STEE TOSHIBA MACHINE ULVAC INC SHIROKI CORP SEVEN BANK LTD ORIENT CORP TV ASAHI CORP MTI LTD GMO INTERNET IN

increasing volume - advances 2656 3730 3858 5632 6371 7701 7739 8263 9603

VECTOR INC MACROMILL INC UBIQUITOUS CORP MITSUBISHI STEE TSUBAKIMOTO CHA SHIMADZU CORP CANON ELECTRONI DAIEI INC H I S CO LTD

6954 7004 8015 8113 8871 9301 9747 9983

TAKASAGO THERMA DAIWABO HOLDING MID REIT INC ATSUGI CO LTD TOAGOSEI CO LTD SANYO SPECIAL S NPC INC MUSASHI SEIMITS DOSHISHA CO LTD NIFCO INC H2O RETAILING C UNY CO LTD KEIYO BANK LTD/ SEKISUI HOUSE S JAPAN HOTEL AND

aqr busters - pm volume drop-off 2766 3107 3315 3627 3793 3823 3843 3853 4564 6310 6703 6769 7717 8585

new 12m intra-day highs 2432 3730 3811 4521 5632 5851 5981 6145 6486 6754 7239 7256 8278 8409 8425 8907 9204

DENA CO LTD MACROMILL INC BIT-ISLE INC KAKEN PHARMACEU MITSUBISHI STEE RYOBI LTD TOKYO ROPE MFG NITTOKU ENGINEE EAGLE INDUSTRY ANRITSU CORP TACHI-S CO LTD KASAI KOGYO CO FUJI CO LTD YACHIYO BANK LT IBJ LEASING CO HOOSIERS CORP SKYMARK AIRLINE

JAPAN WIND DEVE DAIWABO HOLDING NIPPON COKE & E PRIMEWORKS CORP DRECOM CO LTD ACRODEA INC FREEBIT CO LTD INFOTERIA CORPO ONCOTHERAPY SCI ISEKI & CO LTD OKI ELECTRIC IN THINE ELECTRONI V TECHNOLOGY CO ORIENT CORP

closed at day's high [on volume] 3432 4651 6143 6370 6871 7248 8020 8907

SANKYO-TATEYAMA SANIX INC SODICK CO LTD KURITA WATER IN MICRONICS JAPAN CALSONIC KANSEI KANEMATSU CORP HOOSIERS CORP

closed at day's low [on volume]

new 12m intra-day lows

2193 2579 2811 3086 3103 3315 3401 4208 4768 4917 4967 5602 5812 6703 7012 8011 8227 8388 9008

none aqr busters - pm volume pickup 1860 2531 2801 3086 3105 3865 4543 4613 4676 4768 4922 5711 6471 6857

FANUC CORP HITACHI ZOSEN C TOYOTA TSUSHO C UNICHARM CORP GOLDCREST CO LT MITSUBISHI LOGI ASATSU-DK INC FAST RETAILING

TODA CORP TAKARA HOLDINGS KIKKOMAN CORP J FRONT RETAILI NISSHINBO HOLDI HOKUETSU KISHU TERUMO CORP KANSAI PAINT CO FUJI MEDIA HOLD OTSUKA CORP KOSE CORP MITSUBISHI MATE NSK LTD ADVANTEST CORP

COOKPAD INC COCA-COLA WEST KAGOME CO LTD J FRONT RETAILI UNITIKA LTD NIPPON COKE & E TEIJIN LTD UBE INDUSTRIES OTSUKA CORP MANDOM CORP KOBAYASHI PHARM KURIMOTO LTD HITACHI CABLE L OKI ELECTRIC IN KAWASAKI HEAVY SANYO SHOKAI LT SHIMAMURA CO LT AWA BANK LTD/TH KEIO CORP

Top stocks / Winners 2159 2656 3011 3730 3845 3858 6667 6769 8907 9424

FULL SPEED INC VECTOR INC BANNERS CO LTD MACROMILL INC I-FREEK INC UBIQUITOUS CORP SHICOH CO LTD THINE ELECTRONI HOOSIERS CORP JAPAN COMMUNICA

Laggards / Losers 2491 3249 5606 6461 7420 8600 8925

VALUECOMMERCE C INDUSTRIAL & IN ASAHI TEC CORP NIPPON PISTON R SATORI ELECTRIC TOMONY HOLDINGS ARDEPRO CO LTD

10% Intra-day swingers – advances 2159 3011 3798 3823 3845 4575 8278 9424

FULL SPEED INC BANNERS CO LTD UL SYSTEMS INC ACRODEA INC I-FREEK INC CANBAS CO LTD FUJI CO LTD JAPAN COMMUNICA

10% Intra-day swingers – declines 3793 DRECOM CO LTD 6461 NIPPON PISTON R 9478 SE HOLDINGS AND Top 10 value traded – [$2.62bn -0.77bn] 6301 6758 6954 7203 7267 8306 8316 8411 9437 9984

KOMATSU LTD SONY CORP FANUC CORP TOYOTA MOTOR CO HONDA MOTOR CO MITSUBISHI UFJ SUMITOMO MITSUI MIZUHO FINANCIA NTT DOCOMO INC SOFTBANK CORP

#7701 Shimadzu – attempted a break above the 200-day MA but failed to hold – Volume 3mn [cf. 1mn avg] – closed up 3.4% - but selling picked up after stock ran up to the intraday highs in the AM. After outperforming TOPIX in the 1st quarter, Shimadzu slipped back, and has only just started to outperform again. It trades at 16.4x Mar2012 TK ests. There are 4 BUY and 3 HOLD ratings [according to BBERG] – Top rated analyst is Barclay’s Masahiro Nakanomyo who has had an Y850 target since May 2010. The 7701/TPX ratio is at the 3-year mean, and the 7701 – TPX spread seems to be topping out.

hilary.persent@indxsecurties.com - +44 20 7826 9063

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DEC202010RADAR  

6301 KOMATSU LTD 6758 SONY CORP 6954 FANUC CORP 7203 TOYOTA MOTOR CO 7267 HONDA MOTOR CO 8306 MITSUBISHI UFJ 8316 SUMITOMO MITSUI 8411 MIZUH...

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