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With a more favourable environment, TOKYO OHKA KOGYO improves to Sligh...

TOKYO OHKA KOGYO (JP), a company active in the Semiconductors industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 25, 2022, the closing price was JPY 7,250.00 and its po...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Uncertainty Hits Global Equities MSCI ACWI (ACWI-US) recently broke below the $81.50 short-term support level we were watching, which tells us that the important $77 support level is likely to be tested. While a more cautious outlook is appropriate, as long as $77 holds (the September lows) we are constructive and would be buyers on a pullback. A move below $77 would start to get very concerning, and would leave $75 and the 200-day MA as last-ditch support. · Market Dynamics Still Cons...

Joel Scheiman ... (+4)
  • Joel Scheiman
  • Pelham Smithers
  • Thao Nguyen
  • William Nestuk

PSA Weekly Research Round-Up (week ending Feb 16, 2018)

The PSA Japan Research Round-Up for the week ending February 16, 2018 Contents at a Glance The Weekly Comment by Pelham Smithers: Surf’s up: Pelham Smithers considers whether we are starting to see a break in the link between the yen and the Japanese stock market. Reports / Flash Notes Summaries 1. Mitsubishi Electric (6503 JP): FA and Infrastructure Upturn 2. Sony (6758 JP): FY17 Outlook and SoTP5 Company / Sector / Thematic Comments 1. Sony (6758 JP) Surprises, Irritates with Peter Ra...

Joel Scheiman ... (+3)
  • Joel Scheiman
  • Pelham Smithers
  • Thao Nguyen

PSA Today Feb 15: Wall Street up, Japan up/Sony in the media/Capcom, e...

PSA Today Feb 15: Japan Market Comment by Pelham Smithers, Joel Scheiman and Thao Nguyen Nikkei ¥21,464.98 (+¥310.81/ +1.47%); Topix ¥1,719.27 (+¥16.55/ +0.97%); ¥/$106.56Tags: Remixpoint (3825 JP), SBI Holdings (8473 JP), mixi (2121 JP), Kirin (2503 JP), Sony (6758 JP), Facebook (FB US), Apple (AAPL US), Netflix (NFLX US), Capcom (9697 JP), Bandai Namco (7832 JP), Sumitomo Dainippon Pharma (4506 JP), Nitto Denko (6988 JP), Tokyo Ohka Kogyo (4186 JP), Nissha (7915 JP), Showa Denko (SDK, 4004 JP)...

Joel Scheiman
  • Joel Scheiman

Tokyo Ohka Kogyo (4186) – Guidance is Looking Conservative After.......

Key Points Tokyo Ohka Kogyo’s (TOK’s) FY17 guidance is looking conservative after a strong Q1 result, announced after trading on August 3rd. FY17 Q1 OP rose 21.4% YoY on comparable sales growth of 22.2%. TOK achieved 76% of its H1 OP guidance in Q1.  Favorable earnings were supported by high sales growth by the key products, detailed in the report.  As announced in May, TOK is changing its term-end to December, which distorts guidance data. Payment in the December quarter of six months of b...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Joel Scheiman
  • Joel Scheiman

Tokyo Ohka Kogyo (4186) - Confidence Despite the Unfortunate FY16 Guid...

Tokyo Ohka Kogyo’s (TOK) shares reacted negatively to its earnings announcements on February 3 and May 10. Not only did FY15 Q4 disappoint, but guidance for a 38% decline in OP to ¥7.7bn in FY16 was at variance with expectations. During the last ten years, TOK has steadily improved its positioning and has expanded margins. Unfortunately, though, earnings have tended to suffer setbacks every few years because of external shocks. Reasons for a setback in FY16 include higher fixed costs, but the ap...

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