Tag Archives: Tokyo

Market opportunities by T-Advisor: Tokyo Electron

T-Advisor, through its tool Market Opportunities, has detected the company Tokyo Electron, listed in the Tokyo Stock Exchange, as an opportunity for investment.

These are the main figures about performances and volatility in the last years:

Tokyo Electron main figures in T-Advisor The chart shows the evolution in the last year:

Tokyo Electron chart in T-advisor

The technical analysis reveals also more data:

Tokyo Electron technical analysis in T-AdvisorFinally, the risk analysis is as it follows:

Tokyo Electron risk analysis in T-Advisor

Tokyo Electron is a Japanese electronics and semiconductor company. It is best known as a supplier of equipment to fabricate integrated circuits (IC), flat panel displays (FPD), and photovoltaic cells (PV). It is the largest manufacturer of IC and FPD production equipment in Japan and one of the largest in the world.

Net sales in the fiscal year 2015-2016 (ended March, 31) were 663.9 bn yens, an 8.3% more than in the last fiscal year. Net profit also increased an 8.3% compared with the fiscal year 2014-2015, up to 11.7 bn yens. The share price multiplied 2.5 times in the last five years.

Q1 confirms that instability is the rule in the markets

The closing of the Q1 in the markets confirms that this will be a complicated year for equities. The Great Crisis that the world lived since 2007-2008 is not ended at all, as there are some points of instability. Some of them are related to international politics: the shadow of terrorism, the wars in Middle East, the fight in the European Union and the US elections are some points to watch that affect the market evolution. However, there are also financial and economic troubles to solve: the ECB policies show that they are not enough to stabilise the European credit flows and return to some inflation, while the Federal Reserve stays cautious in the next steps to follow in its monetary policy. No one wants to be blamed of being a cause of a second big recession.

The T-Advisor charts show these statements. As we can see in the both charts below, comparing the general trend in global regions, there has been a positive evolution between the beginning of the year (above) and the end of the Q1 (below), but very slight apart from the Latam region:

T-Advisor global trends in January, 1st, 2016

T-Advisor global trends on April, 1st, 2016

If we check the evolution in each region, we can perceive much better the specific changes:


European stock exchanges evolution in Q1 2016

Besides the traditional parallel evolution amongst the European markets, it is also to underline that no main stock exchange registered positive returns YTD. The recovery from February was stopped by the instability created by the possibility of a Brexit (an independence of UK from the EU) and the terrorist attacks in Brussels, in the heart of the capital city of the European institutions. The ECB has also lots of troubles to make efficient their decisions, because its expansive policy has still no positive effects in the real economy to consolidate the general recovery.


American stock exchanges evolution in Q1 2016

The trend is positive since the second half of January, but S&P Index was finally positive YTD in the last weeks of the Q1. The uncertainties related to the US election (no candidate is clearly heading the primary elections) and economic evolution make investors cautious. However, the announcement of the Fed about a delay in the next rate hikes was welcomed and consolidated the slight bullish trend.

The market behaviour was better in the emerging countries, although some evolutions are very linked to national decisions. For instance, the evolution of Argentinian Merval in March was erratic because of the agreement with the creditor funds, which was not totally assessed as positive by investors. In the case of Brazil, the cases of corruption in the Government have determined the ups and downs in Bovespa.


Asian stock exchanges evolution in Q1 2016

The biggest markets (Shanghai and Tokyo) are really bearish and sum a very negative YTD return in this Q1. In China, the bubble broken last summer produced a hard landing in which the market is still moving. The trend is erratic or, better said, there is no trend. In Japan, there are worries about the global evolution, because the country has a great support from its exports. The doubts about the economy, underlined by the low oil price, and the instability of the exchange rate with the dollar are two hard reasons to be wary.

What can we expect in the Q2? We do not like to make any prediction or copy what others expect, but we prefer to alert about some relevant issues:

  • Look at the oil price: it is linked with the global activity.
  • Follow the Fed and ECB decisions: the Fed is progressively hawkish and the ECB should be more dovish to push the credit flow and inflation in the Eurozone.
  • Watch the Q1 profits of the companies, because they provide a guide about the economic activity.
  • Be wary about emerging markets: the dollar evolution (if the Fed hike the rates) can be negative for them.

Market opportunities by T-Advisor: Terumo

T-Advisor, through its tool Market Opportunities, has detected the company Terumo, listed in Tokyo, as an opportunity for investment.

These are the main figures about performances and volatility in the last years:

Terumo main figures in T-Advisor

The chart shows the evolution in the last year:

Terumo chart in T-Advisor

The technical analysis reveals also more data:

Terumo technical analysis in T-Advisor

Finally, the risk analysis is as follows:

Terumo risk analysis in T-Advisor

The Japanese corporation works proactively to stably provide high-quality medical devices and services for the benefit of patients and medical settings in over 160 countries, while also developing solutions to advance the practice of healthcare. It has three main branches: Cardiac & Vascular for treatments including cardiac and vascular surgery; General Hospital for improving safety and easing of use in therapy devices used in hospitals and in homes; and Blood Management systems for the high-quality, efficient collection and processing of donated blood on a global basis. Founded in 1921, it has grown since the 90s with new branches in several countries and purchases.

Net sales increased steadily in the last four years. Last fiscal year, sales reached ¥467.4 billion, a 16% more compared with the former year. On the contrary, net profit fell a 27.4%, till ¥34.1 billion, after the record obtained in the fiscal year 2013. However, the company paid a higher dividend: ¥58 per share compared with ¥44 in 2013.


Market opportunities by T-Advisor: Keyence Corporation

T-Advisor, through its tool Market Opportunities, has detected the company Keyence, listed in Tokyo, as an opportunity for investment.

These are the main figures about performances and volatility in the last years:

Keyence main data in T-Advisor

The technical analysis reveals also more data:

Keyence technical analysis in T-Advisor

The chart shows the evolution i the last year:

Keyence chart in T-Advisor

Finally, the risk analysis is as follows:

Keyence risk analysis in T-Advisor

Since 1974, Keyence focuses its business in the development and manufacturing of industrial automation and inspection equipment worldwide. Its products consist of code readers, laser markers, machine vision systems, measuring systems, microscopes, sensors, and static eliminators. The company serves its products in 70 different countries. Keyence is also in the Forbes 100 World’s Most Innovative companies list.

Revenues in fiscal year 2013-2014 increased 21.6%, till ¥265,010 million, and net income also jumped a 27.1%, till ¥85,904 million. The stock has experienced a high development since the summer 2012 and the share price doubles currently that moment.