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Rating information (investment decision change - part 1) = Resona HD, Taiyo HD, ETC.
◎ Nomura Securities (3-tier system: Buy > neutral > Reduce) Resona HD <8308.T> --- "neutral" → "Buy", 1150 yen → 1400 yen ◎ Morgan Stanley MUFG Securities (3-tier system: Overweight > Equal Weight > Underweight) Taiyo HD <4626.T> --- "Equal Weight" → "Overweight", 3900 yen → 6200 yen ◎ Okasan Securities (3-tier system: Bullish > Hold > Bearish) Shin-Etsu Chemical <4063.T> --- "Hold"
<Rating Change Observation> Upgrading of Mitsukoshi Isetan / Taiyo HD, downgrade of Tokyo Metro, ETC.
◎ New and resumed: Mitsukoshi Isetan <3099.T> ― Internet-based at the top of three tiers. ◎ Upgrade: Shin-Etsu Chemical <4063.T> ― Domestic mid-sized at the top of three tiers. Taiyo HD <4626.T> ― Bank-based at the top of three tiers. Resona HD <8308.T> ― Domestic major at the top of three tiers. ◎ Downgrade: Tokyo Steel <5423.T> ― Domestic mid-sized in the middle of five tiers. Tokyo Metro <9023.T> ― Foreign-affiliated at 4th place in five tiers. Misumi Group <9962.T> ― Domestic medium-sized in the middle of five tiers.
Rating [Securities companies rating]
Upgrades - Bullish Code Stock Name Brokerage Firm Previous After ------------------------------------------------------ <4626> Taiyo HD Morgan S "Equal Weight" "Overweight" <4063> Shin-Etsu Chemical Okasan "Hold" "Bullish" Downgrades - Bearish Code Stock Name Brokerage Firm Previous After ------------------------------------------------------ <5
On the 29th, the ADR trends show that Shin-Etsu Chemical, Sony Group Corp, Kawasaki Heavy Industries, ETC are performing well in yen terms.
On the 29th, the ADRs (American Depositary Receipt) had a nearly broad increase compared to the Tokyo closing price on the 28th when converted to yen. In yen conversion, Shin-Etsu Chemical <4063.T>, Sony Group Corp <6758.T>, Kawasaki Heavy Industries <7012.T>, Mitsubishi UFJ <8306.T>, and Sumitomo Trust <8309.T> saw increases. Omron <6645.T>, Mitsubishi Heavy Industries <7011.T>, Mitsui Sumitomo <8316.T>, ORIX <8591.T>, and Nitori Holdings <9843.T> also remained strong. Provided by Wealth.
After the buying phase, individual stock selection will be guided by the financial results.
The Nikkei average has risen for four consecutive trading days. It ended trading at 35,839.99 yen, up 134.25 yen (with an estimated Volume of 2 billion 10 million shares). Following the purchase of tech stocks in the US market last weekend and favorable movements from major companies' earnings reports, the Nikkei average started with a buying lead, shortly rising to 36,075.26 yen after the trading began, recovering to the 36,000 yen level for the first time in about four weeks since April 1. Additionally, due to the yen depreciating to around 143 yen per dollar, export-related stocks were repurchased.
Japanese Stocks Rise 0.4%
