NEWS BITES ASIAN MARKETS
Toyota Boshoku Corporation (TO:3116), Tokyo Stock Exchange largest Transportation Equipment company by market capitalisation, surged JPY113.0 (or 9.8%) to JPY1,260.0 in the month ending February 28. Compared with the Nikkei 225 Index which rose 420.7 points (or 3.8%) in the month, this represented a relative price change of 6.1%. The volume was 1.6 times average trading of 12,096,328 shares. The stock advanced for a twelfth straight month in February.
Price Change % | 1-month | 6-month | 3-year |
3116 | 9.85% | 33.62% | -17.86% |
Transportation Equipment | 4.22% | 45.28% | |
Nikkei 225 | 3.78% | 30.76% |
TECHNICAL ANALYSIS
Price Volume Trend: the price dipped 1.0% in the last week. This has been exacerbated by firm volume 1.2 times average for the week.
Relativities: in the Tokyo market of 2,049 stocks traded today, the stock has a 6-month relative strength of 69 which means it has outperformed 69% of the market.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intra-month low of JPY1,138.0 and a high of JPY1,318.0.
Moving average price (MAP): the price to 200-day MAP ratio is 1.36, a bullish indicator. In the past 200 days this ratio has exceeded 1.36 twelve times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of JPY1,099.47 is higher than the 200-day MAP of JPY923.98, a bullish indicator. The 200-day MAP has increased to JPY923.98. An increase is another bullish indicator.
Volume and turnover period: there were 19,799,300 shares worth JPY24.3 billion (US$264.9 million) traded.
% Discount to high: the last price is at a discount of 4.4% to the 12-month high of JPY1,318.0 sixteen-days ago on 12 Feb, 2013.
Volume weighted price (VWP): the price is at a premium of 31.6% to the 6-month volume weighted average price of JPY957.80. In the past year the premium has been greater than 31.6% just nine times, suggesting a topish level and cautious buying at the current price.
THIS MONTH'S PRICE PERFORMANCE RANK IN INDICES AND SECTORS
The stock is in 4 indices and 2 sectors.
The following index and sectors rose setting the trend for its rise of 9.8% for the month (rank by percentage price change of stock for 1 month;12 months in sector/index in brackets):
Transportation Equipment sector (rank 15;22 out of 73 stocks) which was up 508.0 points or 4.2% to 12,551.3,
Nikkei 225 Index which was up 420.7 points or 3.8% to 11,559.4,
Total Tokyo Market (rank 296;695 out of 2049 stocks) which was up 261.6 points or 3.0% to 9,097.
The Transportation Equipment company sector is the 3rd largest by market capitalisation out of Tokyo Stock Exchange 35 sectors. It is made up of 81 publicly listed companies with a combined market capitalisation of JPY43,095.3 billion (US$469.7 billion). The main players in the sector include Toyota Motor, Honda Motor, Nissan Motor and Denso.
Percentile Rank | 1-month | 6-month | 1-year |
3116 | 85 | 69 | 65 |
Transportation Equipment | 54 | 81 | 71 |
Nikkei 225 | 52 | 64 | 64 |
SHAREHOLDER RETURNS
Trailing One Month: The stock rose ten times (50% of the time), fell nine times (45% of the time) and was untraded once (5% of the time). The volume was 1.6 times average trading of 12,096,328 shares. The value of JPY1,000 invested one month ago is JPY1,104 [vs JPY1,038 for the Nikkei 225 Index] for a capital gain of JPY104.
Trailing Six Months: The stock fell sixty times (50% of the time), rose fifty nine times (49% of the time) and was untraded once (1% of the time). The value of JPY1,000 invested six months ago is JPY1,336 [vs JPY1,308 for the Nikkei 225 Index] for a capital gain of JPY336.
Trailing two years: the value of JPY1,000 invested two years ago is JPY935 [vs JPY1,075 for the Nikkei 225 Index] for a capital loss of JPY65.
PVJPY1000 | 1-month | 6-month | 3-year |
3116 | JPY1,104 | JPY1,336 | JPY821 |
Transportation Equipment | JPY1,042 | JPY1,333 | |
Nikkei 225 | JPY1,038 | JPY1,136 |
ISSUED CAPITAL
Based on 187,666,000 issued shares the market capitalisation is JPY236.5 billion (US$2.6 billion).
ACTIVITIES
Toyota Boshoku is a Japan-based company mainly engaged in the manufacture and sale of automobile parts and textile products. The Company offers automobile interior components, such as floor carpets, seats, floor silencers, door trims and other interior components, as well as exterior components, such as fender liners, bumpers, engine undercovers and other external products. TOYOTA BOSHOKU also offers automotive filters and power train components, as well as textile products, such as blankets, seat fabrics, functional flame-retardant wears and socks. The Company has 73 subsidiaries and 12 associated companies.
Currency Conversion: Japanese yen JPY1= US$0.0109 [or US$1= JPY91.74]; Against the US$ the JPY was unchanged for the day; climbed 1.9% for the week; rose 1.9% for the month; slumped 11.4% in the past year. JPY1 = 100sen.
Source: www.BuySellSignals.com
