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: Elmer who wrote (3344)	6/11/2003 2:22:58 AM
From: Crossy	Read Replies (1) of 3902

re: NIEC (Nihon Inter) 6974.J - News Quote: quote.yahoo.co.jp Fundamentals: biz.yahoo.co.jp Company popped recently to establish a new trading range. The former high of 360 Yen was surpassed and Nihon Inter managed to establish a trading range between 360 and 380 Y. Reason for this is the company turnaround (FY2003 - 15 Y EPS, next year's estimate of 32 Y was even increased) plus still quite attractive valuation (PSR of 0.40) for this maker of power semiconductors. IMHO this stock has amply room to grow. Next goal is to get north of the 400 Yen level, an area of strong support in the past and probably some amount of resisitance now. My ultimate goal on this one: around 700 Yen seems possible on fundamentals - would amount to a Price/Sales ratio of 1 and a P/E of 20 given current estimates. In the US these would be really attractive valuations.... best rgrds CROSSY

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