RAKAN RICERCA Representative Director and Chairman Tomokazu Murase
Individual-driven search with next year’s theme and new NISA in mind
●Nikkei Stock Average moves towards post-bubble highs
The Nikkei Stock Average has been stuck within a range between the 25-day and 75-day moving averages for about two weeks, due to market sentiment of wanting to see the direction of Japan-U.S. monetary policy. However, after the U.S. Federal Reserve Board (FOMC) meeting on December 12-13 and the Bank of Japan’s monetary policy meeting on December 18-19, the market opened a window on the 20th and rapidly rose, and after the bubble that was created on November 20th. The price showed movement approaching a high. After that, there were concerns about short-term overheating and selling began to take profits, and the stock has recently stalled again at the 25-day line. The US market is also prone to profit taking ahead of the Christmas holidays, and the New York Dow, which had been hitting new highs, fell sharply by 475 points on the 20th, failing to achieve its 10th consecutive rise.
As more and more market participants begin their holidays after Christmas, the flow of overseas investors may also be limited. Therefore, although there are strong expectations for year-end sales, it seems likely that the search will be centered on individuals. A corner of value stocks has weakened due to adjustment in holdings, and it is easy to look for high-tech stocks that are showing signs of rebounding. In addition to themes that are expected to play an active role next year, such as generative AI, the search for stocks with an eye on the new NISA (Small Investment Tax Exemption System) is likely to become the market’s mainstay.
●“5 stocks to watch” that are expected to perform well
◆ＫＯＫＵＳＡＩ ＥＬＥＣＴＲＩＣ <6525> [東証Ｐ]
A semiconductor manufacturing equipment manufacturer established as an independent entity of Hitachi Kokusai Electric’s semiconductor manufacturing equipment division. Our business revolves around film formation processes and treatment (film quality improvement) processes. With the start of operations at the new Toyama factory in the fall of 2024, capacity is expected to expand significantly. The cumulative second quarter (April-September) results for the fiscal year ending March 31, 2014 showed a decline in sales and profits due to investment restraints by semiconductor device manufacturers, but the most recent second quarter (July-September) was lower than the first quarter (April-September). -June) The stock price continued its gradual rebound from its low of 2,783 yen on December 12th. The price has recently exceeded the 25-day line, which is the top resistance, and we are hoping for a further increase after breaking through the high, with the short-term target being 3,440 yen, the highest price since listing on November 27th.
◆Suzuki <7269> [東証Ｐ]
One of the top two light vehicles in Japan. Daihatsu Motor Co., Ltd. announced that it will suspend shipments of all vehicle models produced in Japan and overseas due to the certification fraud issue. Sales have been showing signs of rebounding recently, partly due to the view that this will be a tailwind for the company, which competes with light vehicles.On the other hand, Toyota Motor Corporation <7203> [東証Ｐ]stock prices are weakening, and it is easy to notice rebalancing movements within the sector. The stock price continued to adjust after peaking at the year-to-date high of 6,577 yen on November 13th, and was sold to 5,436 yen on December 14th. Since then, the price has started to rebound with the 200-day moving average acting as a support line, and has recently exceeded the 25-day and 75-day lines.
◆Mitsui O.S.K. Lines <9104> [東証Ｐ]
The stock continued to rebound strongly this week, and on the weekend 22nd, it hit a year-to-date high for the first time in about three months since September 20th. Ocean Network Express (ONE), a joint venture between three shipping companies, has suspended its operations in the Red Sea for the time being as Yemen’s Houthi rebels have repeatedly attacked cargo ships in the Red Sea. . Expansion of voyage periods due to route changes is likely to lead to higher freight rates, and as the impact becomes more apparent, investor interest will likely increase. The stock price is likely to be around 5,650 yen, which is twice the adjustment range from September’s high of 4,655 yen to November’s low of 3,669 yen. Due to its high dividend yield, it will also attract attention in connection with the new NISA.
◆Visional <4194> [東証Ｐ]
We operate a job search site specializing in high-class human resources, where scouts are sent directly from top companies and top headhunters. On the 14th, the listing market classification was changed from TSE Growth to Prime. Since it was a major growth stock, it continues to attract the attention of individual investors. Furthermore, with the transition from sluggish growth to prime, the inflow of funds from domestic and foreign institutional investors will likely become more noticeable in the future. After adjusting to 7,610 yen on December 7th, the stock price has been rebounding with support from the 200-day line, which is at the same level, and is now within range of January’s year-to-date high of 9,950 yen.
◆Japan Business Systems <5036> [東証Ｓ]
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(Diary of December 22, 2023)
★From New Year’s Day to the 4th, we will deliver 27 2024 “New Year Special Features” all at once. Please stay tuned.
→→ See the list of articles in “New Year Special”
Stock search news
2023-12-22 23:00:00
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