Japan Equity Movers: Yahoo, Tasaki, Hokuetsu Kishu, TV AsahiKurt Schussler and Miho Yamada
Topix closes ~0.1% higher for 11th day of gains, longest win streak since Aug. 2009. Metals groups lead gains while insurers fall. Volume 37% above 30-day avg. Nikkei +0.1%.
- Yahoo Japan (4689 JP) +12%; confirms e-commerce alliance with Alibaba
- Tasaki (7968 JP) +9.5%; Chow Tai Fook said to weigh bid for co.; MBK Partners said to seek 1st-round bids by today
- Osaka Titanium (5726 JP) +9.2%, Toho Titanium (5727 JP) +6.7%; price targets raised at Credit Suisse, maintained at outperform on expectation for increased capacity utilization
- Nippon Parking Development (2353 JP) +6.2%; 9-mo. oper. profit +16% to 2.56b yen, sales +15% to 13.7b yen
- Penta-Ocean Construction (1893 JP) +6%; raise to buy from neutral at Nomura
- Hokuetsu Kishu Paper (3865 JP) +4.9%; posts prelim. net income of 8.3b yen for FY ended March 31 vs guidance 6b yen; oper. profit 6.1b yen vs co. target 5.5b yen; will report corrected prior statements on impact of employee embezzlement
- Nabtesco (6268 JP) +4.9%; to buy back, cancel as much as 3.14% of shrs
- JSR (4185 JP) +2.9%; raised to overweight at Barclays
- Namura Shipbuilding (7014 JP) -6%; cuts full-yr oper. profit forecast 28% to 4.3b yen; reduces sales target 1.4% to 144b yen
- TV Asahi (9409 JP) -4.7%; cut to underweight to neutral at Mitsubishi UFJ Morgan Stanley, PT 1,800 yen
- Disco (6146 JP) -2.8%; cut to neutral at SMBC Nikko, PT 13,300 yen
- Japan Airport Terminal (9706 JP) -2.7%; downgraded to sell from hold at Mitsubishi UFJ Morgan Stanley, PT 4,020 yen
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Producer and DJ Known as Avicii Has Been Found Dead
- Deutsche Bank's Bad News Gets Worse With $35 Billion Flub
- Wells Fargo's $1 Billion Pact Gives U.S. Power to Fire Managers
- Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
- The U.K. Just Went 55 Hours Without Using Coal for the First Time in History