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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (3419)	8/17/2003 3:59:19 PM
From: Crossy	Respond to of 3902

re : NIEC Nihon Inter 6974.J stock boosting ahead - now Y-640, a level unseen since 1996 bigcharts.marketwatch.com TA wise, shortterm charts do not provide any clue here, since 52 week highs and other ordinary resistance levels were long surpassed. The longterm monthly chart indicates some slight resistance around 750 Yen, and more profound resistance at 850-900 Yen. Absolute top was observed in 1990 when NIEC, at the height of Japan's market bubble traded almost at 1400 Yen per share. Since that time, the company has remarkedly improved it's cost and sales position. Customers are nearly all the bellwether CE (Consumer electronics), Computer, Network, Automotive players in the world, but especially the top players in the respective sectors of Japanese origin. Chairman McGee interviewed by Bloomberg recently explained the corporate strategy (margin expansion) - new high value products and markets with more share of value added pursued (TFT, Plasma Displays, Automotive etc..) The company earned 14 Yen in the year ending MArch 2003, is expected to earn 34 Yen this year (first quarter more than affirmed this) and 47 Yen for the year after. Estimates were revised upward by more than 10% recently resulting in a forward PE of 14. Price/Sales is still modest in view of international standards for this industry, around 0.80. Covered by one major brokerage at the moment and stance was lifted from buy to strong buy weeks ago.. biz.yahoo.co.jp all the best CROSSY