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 (3062)	5/30/2002 5:51:06 AM
From: Crossy	Read Replies (1) of 3902

Borb & all, well the final verdict is in for the year on my japanese stocks and they are holding ground pretty well in the current consolidation... quote.yahoo.co.jp New Japan Radio (6911.J) - The company posted excellent results for the period ending March 2002 with an EPS of 16.08 Yen instead of breakeven. Guidance for 2003 was raised to 53.70 Yen from 32 Yen and for 2004 to 69 Yen per share. Consequently the company received another "STRONG BUY" recommendation. It now boasts 4x STRONG BUY and 1x BUY with an overall rating of 1.20 (Zacks, Yahoo, Multex) Shimdazu (7701.J) - Posted the expected loss per share of 30 Yen mostly due to special charges on pension liability and restructuring efforts but raised guidance for 2003 to 6 Yen (up from 3 Yen) and for 2004 to 13 Yen per share. Due to the increased exposure of biotech equipment to the analyst community, another brokerage issued a coverage with a "hold" rating additionally to the current "sell rating" by another one. This firm has a lot to gain from improved semi equipment orders and also has some defence & aerospace operations. Could become a stellar player in the current fiscal year. Diversified conglomerate Asahi Kasei (3407.J) posted 3.60 Yen per share in earnings (vs. expected 3 Yen) and raised guidance for the current fiscal year to 6.40 Yen. I've been looking into additional firms to buy a position in. So far I've been looking into big electronics related companies and their supply chain like Toshiba, Sanken Electric, Showa Denki, Nihon Inter (NIEC) If consumer confidence improves, then the consumer related segments should also be of interest. Still shying away from banks and brokerages.. Let's see where the Nikkei will be headed. It seems to be consolidating around 12000. Fundamentally Japan is one of the best places to be right now.... CROSSY

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