|
|
发表于 31-1-2008 05:12 PM
|
显示全部楼层
Japanese Stocks Advance on Auto Company Earnings, Weaker Yen
By Masaki Kondo and Toshiro Hasegawa
Jan. 31 (Bloomberg) -- Japanese stocks climbed, reversing early losses, after earnings at auto-related companies boosted confidence profits will continue to expand even as the U.S. economy slows.
Aisin Seiki Co., Japan's largest maker of transmissions, soared to the highest in three weeks, while Daihatsu Motor Co. rallied by the most since July 2000. Both companies lifted earnings forecasts for the current fiscal year.
Shares also gained after MBIA Inc. received a capital infusion, helping the world's biggest bond guarantor retain its top credit rating, and the U.S. Federal Reserve lowered its benchmark rate by half a percentage point to 3 percent.
``Strong earnings highlight the relatively cheap prices of Japanese stocks,'' Hisakazu Amano, a fund manager at T&D Asset Management Co. in Tokyo, which manages about $38 billion. ``It's no surprise investors are buying back into the market.''
The Nikkei 225 Stock Average added 206.43, or 1.6 percent, to 13,551.46 as of 2:05 p.m. in Tokyo, after losing as much as 1.4 percent. The broader Topix index gained 20.58, or 1.6 percent, to 1,340.69, reversing a drop of as much as 1.8 percent.
The Nikkei has lost 12 percent in January and the Topix has dropped 9.2 percent, the worst month for both since Aug. 1998.
Shipping lines fell after the nation's second-and third- largest maritime transport operators lifted profit forecasts by less than the No. 1 company.
Seiko, Yahoo Surge
Aisin surged 340 yen, or 8.6 percent, to 4,310 after boosting its net income outlook for the year ending in March by 17 percent because of rising sales in Asia. Daihatsu, the world's largest maker of minicars, rallied 99 yen, or 10 percent, to 1,081, set for the biggest advance since July 2000. Toyota Motor Corp., the world's largest automaker by value and which controls Daihatsu, gained 300 yen, or 5.4 percent, to 5,820.
Denso Corp., the world's biggest listed maker of auto parts, gained 160 yen, or 4.4 percent, to 3,830. The company reported today said third-quarter net income rose 20 percent after selling more components to Toyota in Asia.
Seiko Epson Corp. jumped 385 yen, or 17 percent, to 2,605, set for the steepest advance since it listed in June 2003. The company reported a 34 percent increase in pretax profit for the nine months ended Dec. 31, exceeding its forecast for the full year. Mizuho Securities Co. raised its rating on the stock to ``buy'' from ``hold.''
Yahoo Japan Corp. climbed by its daily limit of 4,000 yen, or 11 percent, to 40,800, after reporting a 13 percent advance in profit yesterday. At least two brokerages boosted their recommendation on the shares.
Shipping Lines Decline
Canon Inc., the world's largest maker of digital cameras, tumbled 250 yen, or 5.3 percent, to 4,440. The company yesterday said net income will probably rise 6.5 percent to 520 billion yen ($4.9 billion) this year, missing the 531.5 billion yen average of 16 analyst estimates compiled by Bloomberg.
Annual sales in the Americas may fall for the first time since 1999 as the subprime-mortgage problem weakens U.S. consumer spending, the Tokyo-based company said.
Kawasaki Kisen Kaisha Ltd. slid 2.7 percent to 1,011 yen. The country's third-biggest shipping line operator by sales left its full year profit forecast unchanged today when reporting third-quarter earnings during the mid-day break.
Mitsui O.S.K. Lines Ltd. fell 0.6 percent to 1,296 yen. The second largest line raised its net income estimate for the year ending March by 2.8 percent. Nippon Yusen K.K. sparked a rally in shipping companies on Jan. 29 when it boosted its profit forecast by 10 percent.
Steepest Decline
Chiyoda Corp., an industrial-plant builder, slumped 200 yen, 14 percent, to 1,239, headed for the steepest decline since Nov. 8. Its French partner reported 200 million euros ($297 million) in charges from projects in Qatar and Asia.
Chugai Pharmaceutical Co. was untraded, bid lower by 18 percent to 1,405, set for the worst drop since June 1983. The Japanese arm of Roche Holding AG predicted yesterday the biggest annual profit drop in five years for the current financial year.
Nikkei futures expiring in March added 1 percent to 13,560 in Osaka and gained 1.1 percent to 13,550 in Singapore.
To contact the reporter for this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net ; Toshiro Hasegawa in Tokyo at thasegawa@bloomberg.net . |
|
本周最热论坛帖子
变色卡
千斤顶
楼主
哈咋！
1875 
54
