JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who wrote (3057)	5/21/2002 5:34:04 AM
From: Crossy	Read Replies (1) of 3902

Borb, in the US there have been some upradess on analog and "mixed signal" semis like NSM and FCS yesterday. This might have been the reason why my Japanese semis (active in the same segment) were doing so well today... Afte a period of consolidation they are up nicely again... New Japan Radio (6911.J) up 8% to 840 on almost 300k volume. New 52 week high. It seems there were estimates raised for next year. This stock is still trading at a very low valuation vs. its US and Asian based peers. Price to sales around 0.50. Compare this to a mean PSR of 3+ in the US. This is one of the reasons why I honestly think that NJR could attack its all time high of around 1600 in the time going forward... Asahi Kasei (3407.J) - diversified conglomerate with a big analog semi subsidiary AKM inched up almost 3% to close at 463 on average volume of around 5m. Most recently they did some restructuring, selling their low alcohol liquor business and buying in the hemodialysis equipment division of a former competitor. This strategic reorientation makes absolute sense IMHO and is one of the reasons why I like this company - more changes in the business portfolio were envisaged for the next 2 years. More a blue chip than NJR and definitely attractively valued at a Price/Sales Ratio of 0.55 Shimadzu also up 2.5%. This stock will zoom once aviation and defense gears up - this division is the nature of their cyclicality. Medical equipment offerings are world class. Further restructuring was announced last year. Profit expected (turnaround) for FY2003. all the best CROSSY

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