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IND-X Securities - Japanese Radar Screenings – Friday, 21 January 2011 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 4503 ASTELLAS PHARMA 9507 SHIKOKU ELECTRI 9602 TOHO CO LTD sell radar 1860 2768 3332 3337 4041 4062 4203 4626 5471 6005 6135 6201 6481 6723 7223 7259 8058 8346 8411 8591 8804 8871 9065

TODA CORP SOJITZ CORP JFE SHOJI HOLDI CIRCLE K SUNKUS NIPPON SODA CO IBIDEN CO LTD SUMITOMO BAKELI TAIYO HOLDINGS DAIDO STEEL CO MIURA CO LTD MAKINO MILLING TOYOTA INDUSTRI THK CO LTD RENESAS ELECTRO KANTO AUTO WORK AISIN SEIKI CO MITSUBISHI CORP TOHO BANK LTD/T MIZUHO FINANCIA ORIX CORP TOKYO TATEMONO GOLDCREST CO LT SANKYU INC

due a bounce 2131 ACCORDIA GOLF C 8308 RESONA HOLDINGS due a fall 3401 3402 4028 4208 4403 4617 6268 6460 6474

TEIJIN LTD TORAY INDUSTRIE ISHIHARA SANGYO UBE INDUSTRIES NOF CORP CHUGOKU MARINE NABTESCO CORP SEGA SAMMY HOLD NACHI-FUJIKOSHI

increasing volume - advances 1883 2269 2897 4547 4569 5201

MAEDA ROAD CONS MEIJI HOLDINGS NISSIN FOODS HO KISSEI PHARMACE KYORIN HOLDINGS ASAHI GLASS CO

6282 6701 7518 7752 7960 8281 9501 9502 9531 9532 9613 9735

OILES CORP NEC CORP NET ONE SYSTEMS RICOH CO LTD PARAMOUNT BED C XEBIO CO LTD TOKYO ELECTRIC CHUBU ELECTRIC TOKYO GAS CO LT OSAKA GAS CO LT NTT DATA CORP SECOM CO LTD

8263 8270 8952 8953 8954 8959 8961 8976 9021 9404

aqr busters - pm volume drop-off

increasing volume - declines 2602 5929 3268 4911 5007 5012 5101 5191 6273 6794 6971 7313 7832 7956 8058 8308 8607 9107

2121 4547 5711 7960 8574 8585 8607

NISSHIN OILLIO SANWA HOLDINGS HAJIME CONSTRUC SHISEIDO CO LTD COSMO OIL COMPA TONENGENERAL SE YOKOHAMA RUBBER TOKAI RUBBER IN SMC CORP FOSTER ELECTRIC KYOCERA CORP TS TECH CO LTD NAMCO BANDAI HO PIGEON CORP MITSUBISHI CORP RESONA HOLDINGS MIZUHO INVESTOR KAWASAKI KISEN

7458 DAIICHIKOSHO CO 8959 NOMURA REAL EST closed at day's low [on volume] 1379 1721 1924 2002 2651 2871 4204 4272 4471 5332 5563 6370 6764 8088 8404 8840 9001 9003 9048 9531

NICHIREI CORP KAKEN PHARMACEU KYORIN HOLDINGS TONENGENERAL SE SANKEN ELECTRIC MITSUI FUDOSAN SUMITOMO REALTY

new 12m intra-day lows 7459 MEDIPAL HOLDING aqr busters - pm volume pickup 2531 3105 5901 6806 6845 7458 7459

MIXI INC KISSEI PHARMACE MITSUBISHI MATE PARAMOUNT BED C PROMISE CO LTD ORIENT CORP MIZUHO INVESTOR

closed at day's high [on volume]

new 12m intra-day highs 2871 4521 4569 5012 6707 8801 8830

DAIEI INC UNY CO LTD JAPAN REAL ESTA JAPAN RETAIL FU ORIX JREIT INC NOMURA REAL EST MORI TRUST SOGO DAIWA OFFICE IN WEST JAPAN RAIL NIPPON TELEVISI

HOKUTO CORP COMSYS HOLDINGS PANAHOME CORP NISSHIN SEIFUN LAWSON INC NICHIREI CORP SEKISUI CHEMICA NIPPON KAYAKU C SANYO CHEMICAL TOTO LTD NIPPON DENKO CO KURITA WATER IN SANYO ELECTRIC IWATANI CORP MIZUHO TRUST & DAIKYO INC TOBU RAILWAY CO SOTETSU HOLDING NAGOYA RAILROAD TOKYO GAS CO LT

Top stocks / Winners

TAKARA HOLDINGS NISSHINBO HOLDI TOYO SEIKAN KAI HIROSE ELECTRIC YAMATAKE CORP DAIICHIKOSHO CO MEDIPAL HOLDING

2131 3236 6701 7776 7960 8281

ACCORDIA GOLF C PROPERST CO LTD NEC CORP CELLSEED INC PARAMOUNT BED C XEBIO CO LTD

8283 PALTAC CORP 8572 ACOM CO LTD 9613 NTT DATA CORP Laggards / Losers 3793 3823 4822 4835 9424

DRECOM CO LTD ACRODEA INC HUDSON SOFT CO INDEX CORP JAPAN COMMUNICA

10% Intra-day swingers – advances 3236 PROPERST CO LTD 3715 DWANGO CO LTD 7776 CELLSEED INC 10% Intra-day swingers – declines 2138 2337 2342 2497 3641 3811 3823 3843 3853 3858 4288 6363 6941 7717 8907 8925 9424 9438

CROOZ INC ICHIGO GROUP HO TRANS GENIC INC NGI GROUP INC PAPYLESS CO LTD BIT-ISLE INC ACRODEA INC FREEBIT CO LTD INFOTERIA CORPO UBIQUITOUS CORP ASGENT INC TORISHIMA PUMP YAMAICHI ELECTR V TECHNOLOGY CO HOOSIERS CORP ARDEPRO CO LTD JAPAN COMMUNICA MTI LTD

Top 10 value traded – [$4.26bn +1.05bn] 6301 6758 7203 7974 8058 8306 8316 8411 8604 9501

KOMATSU LTD SONY CORP TOYOTA MOTOR CO NINTENDO CO LTD MITSUBISHI CORP MITSUBISHI UFJ SUMITOMO MITSUI MIZUHO FINANCIA NOMURA HOLDINGS TOKYO ELECTRIC

#9501 TEPCO – closes up 1.4% on 15.6mn shares [3x avg volume] – has been a huge laggard, underperforming TPX by over 30% since Sept last year when rumours of the share offering started appearing in newspapers. Mkt goes defensive with Utilities and Pharms outperforming. Tepco on the list of TOP 10 by Value. The 9501 / TPX ratio 2.2001 has just bounced off the 12-mth low set yesterday and is 1.43 sds below the 12-mth mean. Yesterday, Goldman Sachs’ Hiroyuki Sakaida raised his target price to Y2300 [Y2250]. BBERG’s #1 rated analyst is CLSA’s Bowers who has a Y2350 target.

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

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JAN212011RADAR  

1379 HOKUTO CORP 1721 COMSYS HOLDINGS 1924 PANAHOME CORP 2002 NISSHIN SEIFUN 2651 LAWSON INC 2871 NICHIREI CORP 4204 SEKISUI CHEMICA 4272 NI...

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