Page 1

IND-X Securities - Japanese Radar Screenings – Friday, 06 July 2012 A daily scan of the more active stocks to highlight early turning points, and momentum shifts …

#BULL/BEAR - Mario Draghi's downbeat stance has carried over to the Asian markets. China up, but all others have closed/are closing down. Samsung Elec reported 2Q sales of

KRW47tn cf. ests KRW49.8tn, and analysts at Deutsche and Barclays have new reports saying profits at Chinese banks will fall after the rate cuts. Little change in the BULL/BEAR ratio in the NKY225 : 19 [19] stocks are in BEAR trends with 65 [68] stocks in BULL trends. The number of sectors in BULL trends is 10 [11]: TPMINN, TPCONT, TPPAPR, TPRUBB, TPMETL, TPWARE, TPCOMM, TPSERV, TPWSAL and TPSECR. Just one; TPFISH is in a BEAR trend. buy radar none sell radar 2875 5232 6752 8804

TOYO SUISAN KAI SUMITOMO OSAKA PANASONIC CORP TOKYO TATEMONO

due a bounce 3893 5214 5727 6724 6773 7296 9503

NIPPON PAPER GR NIPPON ELECTRIC TOHO TITANIUM C SEIKO EPSON COR PIONEER CORP FCC CO LTD KANSAI ELECTRIC

due a fall 1925 2331 2784 3349 4716 7459 7860 8251 9042 9435

DAIWA HOUSE IND SOHGO SECURITY ALFRESA HOLDING COSMOS PHARMACE ORACLE CORP JAP MEDIPAL HOLDING AVEX GROUP HOLD PARCO CO LTD HANKYU HANSHIN HIKARI TSUSHIN

increasing volume - advances 1973 2201 3088 4188 7004 9948

NEC NETWORKS & MORINAGA & CO L MATSUMOTOKIYOSH MITSUBISHI CHEM HITACHI ZOSEN C ARCS CO LTD

increasing volume - declines 1803 2331 4530 5406 6674 6971 8964

SHIMIZU CORP SOHGO SECURITY HISAMITSU PHARM KOBE STEEL LTD GS YUASA CORP KYOCERA CORP FRONTIER REAL E

new 12m intra-day highs 2267 YAKULT HONSHA C 2284 ITOHAM FOODS IN

2331 3382 4612 6376 6849 7205 7606 7731 7860 8586 8895 9042 9987 9989

SOHGO SECURITY SEVEN & I HOLDI NIPPON PAINT CO NIKKISO CO LTD NIHON KOHDEN CO HINO MOTORS LTD UNITED ARROWS L NIKON CORP AVEX GROUP HOLD HITACHI CAPITAL ARNEST ONE CORP HANKYU HANSHIN SUZUKEN CO LTD SUNDRUG CO LTD

7211 MITSUBISHI MOTO 9132 DAIICHI CHUO KI Top stocks / Winners 1808 2766 5915 6640 6728 6737 6935 7004 7613 8915

new 12m intra-day lows

3858 6255 6490 6674 6701 6723 7999 8029 8050 8392

aqr busters - pm volume pickup OBIC CO LTD NIPPON STEEL CO KOBE STEEL LTD NISSHIN STEEL C OSG CORP 77 BANK LTD/THE UNITED URBAN IN SCSK CORP

-

10% Intra-day swingers - declines 8029 LOOK INC Top 10 value traded - [$1.90bn +0.04bn] 3382 6301 6762 6954 7203 7267 7751 8306 8316 9984

NIPPON SHOKUBAI NIDEC CORP DAI-ICHI SEIKO JAPAN REAL ESTA UNITED URBAN IN FRONTIER REAL E GMO INTERNET IN

closed at day's low [on volume] 1332 1334 2201 3002

In the clouds - Nikkei225 - YTD underperformers

6728 ULVAC INC

DENA CO LTD TEIJIN LTD GREE INC CYBERAGENT INC IHI CORP FRONTIER REAL E SOFTBANK CORP

closed at day's high [on volume] 4114 6594 6640 8952 8960 8964 9449

none

UBIQUITOUS CORP NPC INC NIPPON PILLAR P GS YUASA CORP NEC CORP RENESAS ELECTRO MUTOH HOLDINGS LOOK INC SEIKO HOLDINGS OITA BANK LTD/T

10% Intra-day swingers unchanged and advances

aqr busters - pm volume drop-off 2432 3401 3632 4751 7013 8964 9984

AT/NEAR All-time LOWS

HASEKO CORP JAPAN WIND DEVE KOMAIHALTEC INC DAI-ICHI SEIKO ULVAC INC EIZO NANAO CORP JAPAN DIGITAL L HITACHI ZOSEN C SIIX CORP TACT HOME CO LT

Laggards / Losers

6474 NACHI-FUJIKOSHI 9503 KANSAI ELECTRIC

4684 5401 5406 5407 6136 8341 8960 9719

3349 COSMOS PHARMACE 3397 TORIDOLL.CORP 9627 AIN PHARMACIEZ

SEVEN & I HOLDI KOMATSU LTD TDK CORP FANUC CORP TOYOTA MOTOR CO HONDA MOTOR CO CANON INC MITSUBISHI UFJ SUMITOMO MITSUI SOFTBANK CORP

AT/NEAR All-time HIGHS

NIPPON SUISAN K MARUHA NICHIRO MORINAGA & CO L GUNZE LTD

1414 SHO-BOND HOLDIN 1878 DAITO TRUST CON 3249 INDUSTRIAL & IN

6753 5202 5214 3893 6701 3861 9766 7261 5406 9503 6472 1332 6758 6302 6773 3865 4901 5201 5301 6674 1803 5631 9501 5020 7912

SHARP CORP NIPPON SHEET GLA NIPPON ELEC GLAS NIPPON PAPER GRO NEC CORP OJI PAPER CO LTD KONAMI CORP MAZDA MOTOR KOBE STEEL LTD KANSAI ELEC PWR NTN CORP NIPPON SUISAN SONY CORP SUMITOMO HEAVY PIONEER CORP HOKUETSU KISHU P FUJIFILM HOLDING ASAHI GLASS CO TOKAI CARBON CO GS YUASA CORP SHIMIZU CORP JAPAN STEEL WORK TOKYO ELECTRIC P JX HD DAI NIPPON PRINT

In the clouds - Nikkei225 - YTD outperformers 6703 6857 7731 7270 8830 5101 6976 8815 8801 8270 2914 1963 7205 8411 6366 7733 9984

OKI ELECTRIC IND ADVANTEST CORP NIKON CORP FUJI HEAVY INDUS SUMITOMO REALTY YOKOHAMA RUBBER TAIYO YUDEN CO TOKYU LAND CORP MITSUI FUDOSAN UNY CO LTD JAPAN TOBACCO JGC CORP HINO MOTORS LTD MIZUHO FINANCIAL CHIYODA CORP OLYMPUS CORP SOFTBANK CORP

#4188 MITSUBISHI CHEM – momentum building – closed up 2.2% on 16.0mn shares cf. 7.3mn average – it was overbueabounce I suppose having underperformed TPX by 25% over the last 12 months. Since the beginning of June 2012, Mitsub Chem is up 12% and hase outperformed TPX by 3%. The 4188/tpx relative is at year lows and over 3 sds from the high. The stock is trading at 0.72x book, 8.9% eROE and 8.1x Mar 2014 TK ests. Analysts are neutral: BBERG shows 6 BUYS : 9 HOLDS : 3 SELLS and an average target price of Y437 ie. 10% above today’s close.

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

1

JULY062012RADAR  

1973 NEC NETWORKS & 2201 MORINAGA & CO L 3088 MATSUMOTOKIYOSH 4188 MITSUBISHI CHEM 7004 HITACHI ZOSEN C 9948 ARCS CO LTD 3893 NIPPON...

Read more
Read more
Similar to
Popular now
Just for you