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IND-X Securities - Japanese Radar Screenings – Wednesday, 16 November 2011 A daily scan of the more active stocks to highlight early turning points, and momentum shifts …

buy radar 9505 HOKURIKU ELECTR sell radar 4581 4902 6762 7518 8273 8282 9042

TAISHO PHARMACE KONICA MINOLTA TDK CORP NET ONE SYSTEMS IZUMI CO LTD K'S HOLDINGS CO HANKYU HANSHIN

due a bounce 3116 4502 4507 5202 5333 5801 7733 7966 8959 8961 9101 9506

TOYOTA BOSHOKU TAKEDA PHARMACE SHIONOGI & CO L NIPPON SHEET GL NGK INSULATORS FURUKAWA ELECTR OLYMPUS CORP LINTEC CORP NOMURA REAL EST MORI TRUST SOGO NIPPON YUSEN TOHOKU ELECTRIC

due a fall 2531 4151 7222 8136 8304 8574 9001

TAKARA HOLDINGS KYOWA HAKKO KIR NISSAN SHATAI C SANRIO CO LTD AOZORA BANK LTD PROMISE CO LTD TOBU RAILWAY CO

increasing volume - advances 4666 PARK24 CO LTD 5007 COSMO OIL COMPA 8410 SEVEN BANK LTD increasing volume - declines 2270 4508 5101 5406 6479 6971 7832 9042

MEGMILK SNOW BR MITSUBISHI TANA YOKOHAMA RUBBER KOBE STEEL LTD MINEBEA CO LTD KYOCERA CORP NAMCO BANDAI HO HANKYU HANSHIN

3401 4005 4188 5002 5202 5406 5411 5801 6473 6758 8473

TEIJIN LTD SUMITOMO CHEMIC MITSUBISHI CHEM SHOWA SHELL SEK NIPPON SHEET GL KOBE STEEL LTD JFE HOLDINGS IN FURUKAWA ELECTR JTEKT CORP SONY CORP SBI HOLDINGS IN

Laggards / Losers

2270 2579 2768 5947 6448 6586 7211 8331 8333 8379 8382 8630 9006 9022 9505 9508

2270 3236 3858 3880 4047 4680 5563 5741 6787 6890

MEGMILK SNOW BR COCA-COLA WEST SOJITZ CORP RINNAI CORP BROTHER INDUSTR MAKITA CORP MITSUBISHI MOTO CHIBA BANK LTD/ JOYO BANK LTD/T HIROSHIMA BANK CHUGOKU BANK LT NKSJ HOLDINGS I KEIKYU CORP CENTRAL JAPAN R HOKURIKU ELECTR KYUSHU ELECTRIC

aqr busters - pm volume drop-off 5407 7733 8574 9042 9501 9984

NISSHIN STEEL C OLYMPUS CORP PROMISE CO LTD HANKYU HANSHIN TOKYO ELECTRIC SOFTBANK CORP

2489 4924 5007 7483 7733

Top 10 value traded - [$1.66bn 0.21bn] 2432 3632 6301 6665 7203 7733 8306 8316 9432 9984

closed at day's low [on volume]

3116 TOYOTA BOSHOKU

Top stocks / Winners

DRECOM CO LTD CELARTEM TECHNO OLYMPUS CORP LAND CO LTD

3236 PROPERST CO LTD 4047 KANTO DENKA KOG 6890 FERROTEC CORP

ADWAYS CO LTD DR CI:LABO CO L COSMO OIL COMPA DOSHISHA CO LTD OLYMPUS CORP

new 12m intra-day lows

none

-

10% Intra-day swingers - declines

closed at day's high [on volume]

MARUHA NICHIRO WEST HOLDINGS C J FRONT RETAILI ADVANCE RESIDEN ISHIHARA SANGYO NIPPON CARBON C KOBE STEEL LTD OMRON CORP MURATA MANUFACT MITSUBISHI HEAV MITSUBISHI MOTO

DENA CO LTD GREE INC KOMATSU LTD ELPIDA MEMORY I TOYOTA MOTOR CO OLYMPUS CORP MITSUBISHI UFJ SUMITOMO MITSUI NIPPON TELEGRAP SOFTBANK CORP

AT/NEAR All-time HIGHS 3811 BIT-ISLE INC 4825 WEATHERNEWS INC AT/NEAR All-time LOWS 3436 SUMCO CORP 4568 DAIICHI SANKYO 4581 TAISHO PHARMACE

NPC INC ULVAC INC NOMURA HOLDINGS NTT URBAN DEVEL TOKYU REIT INC NOMURA REAL EST NIPPON YUSEN

In the clouds Nikkei225 underperformers [rel Mar 11th]

MEGMILK SNOW BR PROPERST CO LTD UBIQUITOUS CORP DAIO PAPER CORP KANTO DENKA KOG ROUND ONE CORP NIPPON DENKO CO FURUKAWA-SKY AL MEIKO ELECTRONI FERROTEC CORP

10% Intra-day swingers unchanged and advances 3793 4330 7733 8918

6255 6728 8604 8933 8957 8959 9101

TELLA INC FUJIYA CO LTD ADWAYS CO LTD DWANGO CO LTD DRECOM CO LTD BIT-ISLE INC CELARTEM TECHNO ELPIDA MEMORY I NIHON DEMPA KOG OLYMPUS CORP

aqr busters - pm volume pickup

1334 1407 3086 3269 4028 5302 5406 6645 6981 7011 7211

new 12m intra-day highs

2191 2211 2489 3715 3793 3811 4330 6665 6779 7733

9501 7733 6767 9107 6758 3436 6976 9104 9101 6857 8604 3103 5411 5801 9503 6770 5803 7003 8750

TOKYO ELECTRIC P OLYMPUS CORP MITSUMI ELEC CO KAWASAKI KISEN SONY CORP SUMCO CORP TAIYO YUDEN CO MITSUI OSK LINES NIPPON YUSEN ADVANTEST CORP NOMURA HOLDINGS UNITIKA LTD JFE HOLDINGS INC FURUKAWA ELECT KANSAI ELEC PWR ALPS ELEC CO LTD FUJIKURA LTD MITSUI ENG&SHIPB DAI-ICHI LIFE

In the clouds Nikkei225 outperformers [rel Mar 11th] 5233 9766 3110 6366 9412 2914 1812 4151 6841 5232 1801 4506 3865 7205 8355 1963 9983 8304 2502 8267 4704 9602 9001 9433 9005 9007 9432 9021

TAIHEIYO CEMENT KONAMI CORP NITTO BOSEKI CO CHIYODA CORP SKY PERF JSAT HD JAPAN TOBACCO KAJIMA CORP KYOWA KIRIN YOKOGAWA ELEC SUMITOMO OSAKA TAISEI CORP DAINIPPON SUMITO HOKUETSU KISHU P HINO MOTORS LTD SHIZUOKA BANK JGC CORP FAST RETAILING AOZORA BANK LTD ASAHI GROUP HOLD AEON CO LTD TREND MICRO INC TOHO CO LTD TOBU RAILWAY CO KDDI CORP TOKYU CORP ODAKYU ELEC RAIL NIPPON TELEGRAPH WEST JAPAN RAILW

#2270 Megmilk Snow Brand runs into a seller – after a quiet AM session with just 18,400 shares trading and the stock down 0.5%, PM session volume ballooned to 225K shares as the stock was sold off 5,7%. No news, and no analysts ratings changes. Megmilk SB has been outperforming TPX since early August, beating TPX by over 15% since Aug 5th 2011. The 2270/TPX relative is at long-term highs, and probably overdue a pause; but with the stock trading at 1x book and 9.3x Mar 2013 TK ests, and with management happy to raise full year f’casts 7% [on Nov 4th] – the selling shouldn’t last long and should provide a good opportunity to pickup stock cheaply.

#BULL/BEAR - Bears still in the ascendancy - In the NKY225 today there are 18 shares in BULL trends and 137 in BEAR trends. There are no sub-sectors in BULL trends, and 24 sub-sectors are in BEAR trends; TPCONT, TPTEXT, TPPAPR, TPRUBB, TPGLAS, TPIRON, TPNMET, TPMETL, TPELMH, TPTRAN, TPPREC, TPPROD, TPREAL, TPMART, TPAIR, TPWARE, TPELEC, TPSERV, TPPHRM, TPWSAL, TPSECR, TPINSU, TPNCHM and TPNBNK.

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

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IND-X Securities – Asia-X Movers & Shakers – Wednesday, 16 November 2011 A daily scan of the more active stocks …

                                                                                                              

hilary.persent@hsbcib.com

                                                                                                   

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Nov162011RADAR  

2270 MEGMILK SNOW BR 2579 COCA-COLA WEST 2768 SOJITZ CORP 5947 RINNAI CORP 6448 BROTHER INDUSTR 6586 MAKITA CORP 7211 MITSUBISHI MOTO 8331 C...

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