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 (3254)	2/17/2003 1:53:57 AM
From: Crossy	Read Replies (2) of 3902

re: Japan Update - NIEC (6974.J) - Nihon Inter Electronics niec.co.jp Company Profile: Price / Sales 0.35 - Price / Book 0.9 - FY 2003 - forward PE of 16, FY 2004 expected PE of 9 detailed research analyisis can be found here: profiles.wisi.com well, it looks like this 100% pure specialty semiconductors company active in Power semis is again on a course to a nice breakout quote.yahoo.co.jp After posting good midterm numbers (increasing sales by 15% and swinging back to profit) and basically confirming expected EPS of 17 Yen for the current fiscal year 2003, the stock managed to swing back into an uptrend when it broke the crucial 200 Yen mark about one month ago. Then it succesfully cracked the first area of resistance near 240 Yen, where momentum carried it up to 295 Yen this month. The entire move upwards was accompanied by heavy volume. The stock is consolidating now in the 260-300 Yen region and looks like poised for another breakout (295-300 Yen area) that might take it to its former high of 360 yen and beyond. The company is cranking out new products and should be a main beneficiary of the current trend to digital home products, mobile devices, notebooks - and also in the move to more prudent high voltage / high power signal conditionaing in the power generation and distribution (grid) sector (igh voltage conditioning, thyristor banks etc.). Moreover the company has preferred supplier ties (Honda, Toyota etc.) to the lucrative high margin automotive application markets Right now, this is my current Japan favourite as this deeply discounted sector in Japan should ride on the coattails of recent strength of US counterparts (SYXI, POWI, etc..) best rgrds CROSSY

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