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IND-X Securities - Japanese Radar Screenings – Thursday, 12 July 2012 A daily scan of the more active stocks to highlight early turning points, and momentum shifts …

#BULL/BEAR - There are just 3 bits of green in Asia today [China, NZ and Jasdaq] - otherwise it's all red.; Global growth or rather the lack of, being the worry today as even

surprise attempts by the BoJ [expanded asset purchase programme to Y45tn] and BoKorea [cut rates to 3%] failed to get things moving higher. The MSCI APEX50 index is down 2.3%. 97 [75] stocks in BEAR trends vs 32 [41] in BULL trends. Just 2 sectors [TPMETL and TPWARE] are still in BULL trends; whilst 13 sectors: TPFISH, TPTEXT, TPOIL, TPGLAS, TPNMET, TPMACH, TPELMH, TPPREC, TPLAND, TPMART, TPAIR, TPINSU and TPFINC are in a BEAR trends. buy radar none sell radar 2282 2593 4021 9531

NIPPON MEAT PAC ITO EN LTD NISSAN CHEMICAL TOKYO GAS CO LT

2267 YAKULT HONSHA C 2590 DYDO DRINCO INC 3382 SEVEN & I HOLDI 4661 ORIENTAL LAND C 4716 ORACLE CORP JAP 4739 ITOCHU TECHNO-S 6849 NIHON KOHDEN CO 7458 DAIICHIKOSHO CO 9009 KEISEI ELECTRIC 9042 HANKYU HANSHIN

due a bounce

new 12m intra-day lows

1332 3893 4005 4203 5214 6472 6474 6701 6724 6773 7296 9503

3105 3405 3893 4005 5002 5007 5201 5214 5406 5411 6472 6701 6724 6753 9501 9831

NIPPON SUISAN K NIPPON PAPER GR SUMITOMO CHEMIC SUMITOMO BAKELI NIPPON ELECTRIC NTN CORP NACHI-FUJIKOSHI NEC CORP SEIKO EPSON COR PIONEER CORP FCC CO LTD KANSAI ELECTRIC

due a fall 1721 1883 2590 2784 3349 4716 6849 7459 7860 9984

COMSYS HOLDINGS MAEDA ROAD CONS DYDO DRINCO INC ALFRESA HOLDING COSMOS PHARMACE ORACLE CORP JAP NIHON KOHDEN CO MEDIPAL HOLDING AVEX GROUP HOLD SOFTBANK CORP

increasing volume - advances 3774 3789 4507 7458 7981 9404 9602

INTERNET INITIA SO-NET ENTERTAI SHIONOGI & CO L DAIICHIKOSHO CO TAKARA STANDARD NIPPON TELEVISI TOHO CO LTD

increasing volume - declines 3048 3360 4203 5101 5201 5406 6971 7282 7832 8308 9101 9107

BIC CAMERA INC SHIP HEALTHCARE SUMITOMO BAKELI YOKOHAMA RUBBER ASAHI GLASS CO KOBE STEEL LTD KYOCERA CORP TOYODA GOSEI CO NAMCO BANDAI HO RESONA HOLDINGS NIPPON YUSEN KAWASAKI KISEN

new 12m intra-day highs 1721 COMSYS HOLDINGS

5012 5101 5333 5401 5406 5714 5901 6302 6674 6806 7012 7013 7211 7911 8333 8341 8815 9041 9076

NISSHINBO HOLDI KURARAY CO LTD NIPPON PAPER GR SUMITOMO CHEMIC SHOWA SHELL SEK COSMO OIL COMPA ASAHI GLASS CO NIPPON ELECTRIC KOBE STEEL LTD JFE HOLDINGS IN NTN CORP NEC CORP SEIKO EPSON COR SHARP CORP TOKYO ELECTRIC YAMADA DENKI CO

3092 3774 3789 4358 4507 4751 6101 6621 8972 9602

SOJITZ CORP DIC CORP NIPPON STEEL CO YAMATO KOGYO CO AMADA CO LTD MARUI GROUP CO SHINSEI BANK LT MIZUHO FINANCIA ORIX CORP NKSJ HOLDINGS I T&D HOLDINGS IN KINTETSU CORP KAMIGUMI CO LTD

3431 5201 5214 5912 6440 6723 6728 6753 6985 6997

2413 M3 INC 3349 COSMOS PHARMACE 3397 TORIDOLL.CORP AT/NEAR All-time LOWS 3893 5411 6278 6701 6724 9501

TOYO SUISAN KAI GREE INC DENKI KAGAKU KO CYBERAGENT INC HOKUHOKU FINANC TOKYO ELECTRIC

9984 8270 9009 4519 2802 3382 1721 4507 3086 4503 8253 1801 2801 2282 9532 1928 4689 9008 9007 4502

MIYAJI ENGINEER ASAHI GLASS CO NIPPON ELECTRIC JAPAN BRIDGE CO JUKI CORP RENESAS ELECTRO ULVAC INC SHARP CORP U-SHIN LTD NIPPON CHEMI-CO -

10% Intra-day swingers - declines 4813 ACCESS CO LTD 6723 RENESAS ELECTRO Top 10 value traded - [$2.38bn 0.51bn] 6301 6752 6753 6758 6954 7201 7203 8306

closed at day's low [on volume] 2702 MCDONALD'S HOLD 4005 SUMITOMO CHEMIC 5002 SHOWA SHELL SEK

KOMATSU LTD PANASONIC CORP SHARP CORP SONY CORP FANUC CORP NISSAN MOTOR CO TOYOTA MOTOR CO MITSUBISHI UFJ

SOFTBANK CORP UNY CO LTD KEISEI ELEC RAIL CHUGAI PHARMA CO AJINOMOTO CO INC SEVEN & I HOLDIN COMSYS HOLDINGS SHIONOGI & CO J FRONT RETAILIN ASTELLAS PHARMA CREDIT SAISON CO TAISEI CORP KIKKOMAN CORP NIPPON MEAT PACK OSAKA GAS CO LTD SEKISUI HOUSE YAHOO JAPAN CORP KEIO CORP ODAKYU ELEC RAIL TAKEDA PHARMACEU

In the clouds - Nikkei225 - Bear Stocks [Bottom20 ytd]

6621 TAKAOKA ELECTRI

HASEKO CORP SEVEN & I HOLDI TSURUHA HOLDING TOBU RAILWAY CO

NIPPON PAPER GR JFE HOLDINGS IN UNION TOOL CO NEC CORP SEIKO EPSON COR TOKYO ELECTRIC

In the clouds - Nikkei225 - Bull Stocks [Top20 ytd]

START TODAY CO INTERNET INITIA SO-NET ENTERTAI TYO INC SHIONOGI & CO L CYBERAGENT INC TSUGAMI CORP TAKAOKA ELECTRI KENEDIX REALTY TOHO CO LTD

10% Intra-day swingers unchanged and advances

closed at day's high [on volume] 1808 3382 3391 9001

AT/NEAR All-time HIGHS

Laggards / Losers

aqr busters - pm volume drop-off 2875 3632 4061 4751 8377 9501

8316 SUMITOMO MITSUI 9984 SOFTBANK CORP

Top stocks / Winners

aqr busters - pm volume pickup 2768 4631 5401 5444 6113 8252 8303 8411 8591 8630 8795 9041 9364

TONENGENERAL SE YOKOHAMA RUBBER NGK INSULATORS NIPPON STEEL CO KOBE STEEL LTD DOWA HOLDINGS C TOYO SEIKAN KAI SUMITOMO HEAVY GS YUASA CORP HIROSE ELECTRIC KAWASAKI HEAVY IHI CORP MITSUBISHI MOTO TOPPAN PRINTING JOYO BANK LTD/T 77 BANK LTD/THE TOKYU LAND CORP KINTETSU CORP SEINO HOLDINGS

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

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

#9404 NIPPON TELEVISION NETWORK – up 2.3% on 88190 share cf. 54533 shares – NTV has been one of the market’s winners since June; up 16% since June 14th and has outperformed TPX by 12.4%. This mini-rally has resulted in a 20/200d moving average golden cross so expect more upside. Also, BBERG shows 8 BUYS : 4 HOLDS : 0 SELLS and an average target price of Y15200 ie. still some 23% above today’s Y12370 close. NTV trades at 0.69x book, 12.8x Mar2014 TK ests.

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

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JULY122012RADAR  

3893 NIPPON PAPER GR 5411 JFE HOLDINGS IN 6278 UNION TOOL CO 6701 NEC CORP 6724 SEIKO EPSON COR 9501 TOKYO ELECTRIC 8316 SUMITOMO MITSUI 998...

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