Fidelity Japan Share Discussion Threads

[knowing] 15/5/2008 11:33

Maybe people starting to see value in Japan again.

[cyborg27] 15/5/2008 11:33

All buys again today so far

[knowing] 15/5/2008 10:22

Nice W formation on the charts.

[bigspuds] 08/5/2008 23:59

looks like share buybacks

[knowing] 08/5/2008 15:54

cyborg take a look at MJT too. Seems an interesting play in this sector.

[cyborg27] 08/5/2008 15:45

The bias is towards buying at the moment - not so many sellers - things may be turning a little for the better.

[knowing] 02/5/2008 08:36

Tokyo shares close sharply higher on Wall St rally, Nikkei above 14,000 - UPDATE




TOKYO (Thomson Financial) - Japanese shares closed sharply higher on Friday
after U.S. stocks rallied overnight on better-than-expected consumer spending
and manufacturing data.
The benchmark Nikkei finished above 14,000 points for the first time since
February 27.
Volume improved but still remained thin as some investors had retreated to
the sidelines ahead of the release later in the day of the U.S. payrolls data
for April and with Japan entering a long weekend.
Japan's financial markets will be closed next Monday and Tuesday for the
Golden Week public holidays.
The Nikkei 225 Stock Average closed up 282.40 points or 2.1 percent at
14,049.26, off a high of 14,072.92. The index gained 1.3 percent for the week.
The broader Topix index rose 31.29 points or 2.3 percent to 1,377.39, after
rising to a high of 1,378.39. The Topix gained 2.8 percent over the week.
"Amid a wait-and-see mode, investors were reluctant to take fresh positions
when the Nikkei was trading at levels above 14,000 points," said Yumi Nishimura,
manager for equity marketing at Daiwa Securities SMBC.
"The outlook for the U.S. economy remained uncertain given little
improvement in economic data," Nishimura said. "But if U.S. jobs turn out to be
not so bad, stocks will likely rebound further with relatively weak selling
pressure expected" in the 14,000-14,500 range.
Gainers outpaced decliners 1,443 to 204, with 75 issues unchanged.
Volume rose slightly to 1.72 billion shares from 1.7 billion shares on
Thursday.
Overnight, the U.S. Commerce Department said consumer spending rose a
bigger-than-expected 0.4 percent in March, while the Institute for Supply
Management said its U.S. manufacturing activity index for April stood at 48.6,
slightly above market expectations of 48.0.
The Dow rose 1.5 percent to 13,010.00, while the tech-heavy Nasdaq composite
index climbed 2.8 percent to its highest close since January 10.
Japanese stocks gained across the broad front, with financial and property
sectors leading the rise.
Big banks advanced as investors sought bargains after falls on Thursday.
Mizuho Financial Group rallied 5.1 percent to 539,000 yen, Mitsubishi UFJ
Financial climbed 2.7 percent to 1,131 yen and Sumitomo Mitsui Financial Group
jumped 4 percent to 911,000 yen.
General leasing firm Orix surged 7.3 percent to 19,900 yen. Top brokerage
Nomura Holdings rose 4.2 percent to 1,835 yen. Nonlife insurance firm Millea
Holdings surged 5.1 percent to 4,580 yen.
Property counters also gained. Sumitomo Realty and Development rallied 7.4
percent to 2,690 yen following a report that the major developer will likely
post a record pretax profit in the fiscal year to March 2008 for the eighth
consecutive year.
Other property developers were higher, with Mitsui Fudosan up 5 percent at
2,715 yen and Mitsubishi Estate up 4.5 percent at 2,995 yen.
Semiconductor related issues gained. Stepper maker Nikon Corp. rose 3.3
percent to 3,100 yen. DRAM chipmaker, Elpida Memory rallied 6 percent to 3,880
yen. Japan's largest eyeglass maker HOYA jumped 5.4 percent at 3,010 yen.
Sony Corp. was up 2.8 percent at 4,920 yen after the Nikkei newspaper
reported that the consumer electronics giant will likely post group
operating profit of around 380 billion yen ($3.6 billion) for the year ended
March, up 430 percent from the previous year.
Shares in Mitsui & Co. slipped 1.2 percent to 2,390 yen after the major
trading house said
it scored a record net profit of 410.1 billion ($3.9 billion) in the fiscal year
ended March, up 36 percent from a year earlier. Profit was boosted by the strong
performance of its energy-related operations amid rising crude oil and commodity
prices.
Its peer Mitsubishi Corp. was down 0.6 percent at 3,280 yen.

[cyborg27] 28/4/2008 08:55

It's been quiet for a while. Were we all holding our breath - or just lost interest? Yes, they are creeping up - glad now I bought a few more at 46p.

Still need another 12% rise just to break-even overall! Hopefully, when they go, they'll really go - maybe later this year.

[knowing] 25/4/2008 12:30

Nice move higher.

[cyborg27] 22/3/2008 07:01

Darkest before the dawn??

[cyborg27] 19/3/2008 13:54

Any rise, and it's 'sell, sell, sell' on these at the moment.

[gb904150] 17/3/2008 11:47

Perhaps....I don't actually own FJV, but I like the slight gearing, the discount, the undervalued currency, the low price/book values and the Japanese market long term (given that it has already had it's 20 years of deflation and is likely to be one of the first to resume growth after the current slowdown).

I also like its proximity to growing Asian economies.

I still maintain that FJV will make a great buy, but timing that is going to be hard. I didn't think that FJV would sink quite this low, but perhaps this is a good entry point. Massive pessimism.

[cyborg27] 17/3/2008 11:14

Maybe an index-tracker would suit you better.

[gb904150] 12/3/2008 19:33

FJV seems to have performed really well during the rallies - peaking higher than the other funds I was comparing it to (JPS, MJT?) which is one of the things that attracted me to it.

I don't go too much for managed funds, as there's so few fund managers who are genuinely worth their salt.

[cyborg27] 12/3/2008 16:48

The small-cap stocks have presumably performed worse than the Topix, also in my opinion the management / stock selection of FJV itself is nothing special. Best hope is a total sector re-rating higher. If there had been good management since launch in the mid 1990s, then the shares would surely be worth more than the pretty pathetic less-than-half £1 lauch price. At times they've done quite well, only to lose it all again. Better management might have seen some of the dips coming and acted accordingly to limit the damage.

[gb904150] 12/3/2008 16:20

What I find strange is that recent stock falls in indices such as TOPIX that FJV tends to follow should have been offset to some extent by an appreciating currency - thus the effect on FJV which is quoted in £ should have been less pronounced.

The JPY has gained against GBP esp. during strong stock market falls as the carry trade unwinds. That should have protected FJV's value somewhat, but it hasn't.

I know the discount is wide again - around 15% but the discount doesn't explain all of FJV's weakness.

[cyborg27] 12/3/2008 14:37

Good to see more buyers than sellers for a change - it's been grim.

[knowing] 11/3/2008 21:53

Nikkei futures presently up 355

[knowing] 11/3/2008 14:42

Must be up tomorrow.

[gb904150] 15/2/2008 20:14

I've been holding a couple of big silver miners for a number of years and now have a good basket of (what I think are) undervalued gold miners.

That said, small cap miners are still being overlooked, although I'm expecting that to change soon (next 12 months or so).

I like FJV (discount, undervalued currency, low valuations-price to book), but timing, as ever is the hard part :)

GL with your investments 5benny.

[5benny] 15/2/2008 11:27

GBO4150-thanks for reply and totally agree with your sentiments. I too am sitting on the fence for the time being just holding mainly cash and commodities ie. precious metals and softs etf's,but will be looking to get back in perhaps later this year.

5benny.

[gb904150] 15/2/2008 10:23

I guess the signal I'm waiting for is when they start telling something like the truth in America. That for me is the signal that all those who believe the story so far are giving up.

At that point everything will probably be priced to fail, and that's when I think it will be time to buy.

[gb904150] 15/2/2008 10:22

Yes, I like the Vietnam 'story' so to speak. i.e. young, educated and growing population. One of the lowest cost nations in the far east. Closely situated to all the other growth markets there. Enormous potential for growing shipping, potential for currency to appreciate. etc etc

I'm still sitting on the fence before committing more funds to investment though. USA will get uglier before it gets better and that's bound to have an effect.

[5benny] 15/2/2008 08:21

I too am keeping my eye on Japan after seeing it mentioned in Moneyweek.
They also mentioned Viet Nam via VOF Aim listed fund.
Anyone got any thoughts on this?

5benny.