re: Tokyo Cosmos, NIEC
funny - NIEC (6974.J) seems to be holding on its own against a negative trend in the overall market - literally unchanged at 280 Yen.
And one of the other stocks in my portfolio that I mentioned yesterday - Tokyo Cosmos electric - 6772.Y - stormed ahead 16% yesterday - from 80 to 93 Yen on heavy buying of 135k shares breakint out of its former trading range which was topped at 84 Yen. Normally barely 10k are being traded:
quote.yahoo.co.jp
quote.yahoo.co.jp
Fundamentally this one is rather interesting. In the past Tokyo Cosmos never was really profitable. But now the tables are literall turned. Trading around 95 Yen, with expected 2003 earnings (for the FY ending this MArch) of 22 Yen, it's at a Price/Earnings of 4.3 and a PSR (Price to Sales) of 0.10. Very low, and a very good valuation. They are serving hot-growth pockets (automotive, digicams etc.) with their electronic components (photodiodes, heating elements, hybrid ICs, photosensors, other sensors, thermistors, varistors).
Webpage: tocos-j.co.jp
Company Profile : tocos-j.co.jp
Wright company profile: profiles.wisi.com
Here are the earnings estimates for FY 2003, 22 Yen are expected for each FY2003 and FY2004, yet the company is trading around 95 Yen : biz.yahoo.co.jp
This shows the company's sales trends - you will see the firm was literally grappling along from 1994 to 1999 but then in FY2000 it seems to have moved into new high growth business, significantly expanding it's EBTIDA margins to the high 20ies range: profiles.wisi.com
This is an earnings tracker of Tokos, proofing that the company's interim earnings this year already is at 12 Yen per share. Actually the company is earning record earnings levels now. Yet the shares are trading near absolute lows (hit this winter at 55 Yen) A classic story of news that need to feed through:
profiles.wisi.com
One year candle chart: bigcharts.marketwatch.com
Honestly, this company should be trading near it's 10 year high rather than it's 10 year low. In the early 90ies it traded as high as 1000 Yen. Here's a 10 year chart: bigcharts.marketwatch.com
Next resistance levels at 100, 120, 170 and 250, 550, 700 Yen bigcharts.marketwatch.com
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