Japanese stock alert

JAP

CLOSING UPDATE: Keyence keeps rising: up 3.5% in 4 days 21 July 2017 16:45 JST

NEWS BITES - JAPAN

This is an end of day Alert, produced after today's Japan market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Keyence, the largest electric appliances company by market capitalisation in the Japan's, extended its gains on Friday, rising an additional JPY590.0 (or 1.2%) to trade at JPY51,700.0. Trading volume was 88% of average at the end of the day.

Technical indicators complementing today's significant uptrend:

+ The positive 386.77 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.

+ The price lifted 3.5% in the last week and 2.3% in the last month.

+ The present value of JPY1,000 invested one year ago is JPY1,448 [vs JPY1,196 for the Nikkei 225 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Assets 2.9% [2.3%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 11.3%.

+ Total Liabilities/EBITDA of 1 is comfortably below the Joseph Piotroski benchmark of <5.

Note

The stock has outperformed 70% of the Japan market over the past 6 months.

Bearish Signals:

Tobin's Q Ratio is 5.6. Compared with the rest of the market the stock is overvalued and ranks in the bottom 5% of stocks by value of Q Ratio.

As per the Du Pont analysis, Return on Equity is less than stellar at 3.0%. Also, this has deteriorated from 10.1% last year.

Overbought/Bearish:

The 0.8% discount to 12-month high of JPY52,130.0 against the 47.4% premium to 12-month low of JPY35,075.0 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price to Book of 5.9 [2.4]

Return on Equity 3.0% [5.8%]

Return on Capital Employed 4.5% [6.0%]

TODAY'S ALERTS

Afternoon Alert: Keyence keeps rising: up 3.3% in 4 days

21 July 2017 13:11 JST

Keyence Corporation (TO:6861) extended its gains on Friday, rising an additional JPY480.0 (or 0.9%) to trade at JPY51,590.0. Trading volume was 1.2 times average so far today.

Morning Alert: Keyence keeps rising: up 3.3% in 4 days

21 July 2017 10:56 JST

Keyence Corporation (TO:6861) extended its gains on Friday, rising an additional JPY490.0 (or 1.0%) to trade at JPY51,600.0. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Keyence increased further 0.2%, led Electric appliances sector higher

20 July 2017 16:26 JST

Keyence, the largest electric appliances company by market capitalisation in the Japan's, has increased 1.7% to trade at JPY51,110.0 vs. the Electric appliances sector which strengthened 266.4 points (or 1%) to 26,166.9. Representing a weighting of about 8.0% of the sector, the stock accounted for 12.9% of today's gain. Trading volume was 81% of average at the end of the day. Compared with the Nikkei 225 Index which rose 123.7 points (or 0.6%) in the day, this represented a relative price increase of 1.0%.

Morning Alert: Keyence increases 1.5%, leads Electric appliances sector higher

20 July 2017 10:57 JST

Keyence Corporation (TO:6861) has increased 1.5% to trade at JPY51,030.0 vs. the Electric appliances sector which strengthened 170.2 points (or 0.7%) to 26,070.7. Representing a weighting of about 8.0% of the sector, the stock accounted for 18.2% of today's gain. Trading volume was 1.3 times average so far today.

Keyence Corporation (TO:6861; TYO:6861; T:6861; JP:6861)

ISIN: JP3236200006

Source: www.BuySellSignals.com