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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Jonas1 who wrote (1755)	9/16/1999 11:17:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6020

Japanese domestic analysts have a say again ... Tuesday, September 14, 1999 Stock Market Outlook: Nikkei To Test 20,000 In Oct TOKYO (Nikkei)--The 225-issue Nikkei Stock Average has strong potential to surge in October to flirt with the 20,000 level, predicts New Japan Securities Co. strategist Yuji Nakamura. Up to now investors have bid up growth stocks evidenced by strong performance in the 500-stock Nikkei index and Nikkei over-the-counter index, Nakamura contends. Particularly symbolic is Softbank Corp. (9984), which hit a record high of 46,100 yen on Monday, he says, adding that market momentum has carried Softbank and other growth stocks to lofty levels not justified by its price-earnings ratio and other conventional market indicators. The blue chips in the Nikkei 225 index have risen but are being outperformed by the other indexes, Nakamura says. Although the economy grew in the second quarter, its future remains shaky until the government comes up with a second supplementary budget, he explains. Investors are concerned that the strong yen will pressure stock prices, but the market has shrugged off such worries so far, Nakamura points out. Concerted market interventions by monetary authorities are a possibility after the Group of Seven's finance ministers and central bankers meet in Washington on Sept. 25, he says. The government will decide on additional economic stimulus measures in October, Nakamura says. Nakamura recommends Fujitsu Ltd. (6702) and Advantest Corp. (6857) among Internet-related shares and Nippon Steel Corp. (5401) among domestic-demand-related issues. (The Nikkei Financial Daily Tuesday edition)