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☆ Goldman Sachs just added stocks to its top Asian picks, giving one over 45% upside
▼ + stars: | 2024-04-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. Here are two additions to Goldman Sachs' Asian conviction list, and two removals: China Resources Beer Goldman analyst Leaf Liu said he was positive on the outlook for Chinese beer manufacturer and distributor China Resources Beer . Goldman Sachs has a 12-month price target of 51 Hong Kong dollars ($6.51) on the stock, giving it potential upside of around 46%. NTPC India's power generation company NTPC — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Shionogi, China Medical System Meanwhile, the Wall Street bank removed two pharmaceutical players — Japan's Shionogi and the China-headquartered China Medical System — from its conviction list.

Persons: Goldman Sachs, China Resources Beer, Leaf Liu, CRB, —, National Thermal Power Corporation —, Apoorva Bahadur, Bahadur, Goldman, — Japan's Shionogi, — CNBC's Michael Bloom Organizations: MSCI Asia, China Resources, China Resources Beer Goldman, China Resources Beer, Brands, Star, Heineken, Hong, Franklin FTSE, National Thermal Power Corporation Locations: Asia Pacific, Japan, China, ,, Tianjin, premiumization, Hong Kong, Franklin FTSE China, Shionogi

☆ Japan's central bank just raised interest rates for the first time in 17 years
▼ + stars: | 2024-03-19 | by ( Yuri Kageyama | Associated Press | ) www.businessinsider.com time to read: +4 min

Read previewTOKYO (AP) — Japan's central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a shift away from ultra-lax monetary policy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, "have fulfilled their roles," the bank said in a statement. The Japanese central bank's policy is quite different from those of the US Federal Reserve and the European Central Bank. Analysts expect the Bank of Japan to continue to move slowly on further raising interest rates.

Persons: —, Kazuo Ueda, Haruhiko Kuroda Organizations: Service, Business, Bank of, Bank of Japan, US Federal Reserve, European Central Bank Locations: Japan, Bank of Japan, U.S, China

☆ Goldman Sachs reveals the 'Seven Samurai' — Japan's version of the 'Magnificent Seven' stocks
▼ + stars: | 2024-02-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investors have been bullish on Japan stocks since last year, repeatedly driving them to record highs. Goldman Sachs has named "Seven Samurai" stocks in Japan, which it says could be an equivalent of the United States' "Magnificent Seven." The "Magnificent Seven" comprises Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla , which were behind much of the gains that drove the S & P 500 up a whopping 24% or so in 2023. In a Feb. 18 report, Goldman answered clients' requests for the Japanese equivalent of the "Magnificent Seven." With that criteria, Goldman has come up with a list of seven stocks, and they are: Screen Holdings, Advantest, Disco, Tokyo Electron, Toyota Motor, Subaru and Mitsubishi.

Persons: Goldman Sachs, Goldman, they've, CNBC's Ying Shan Lee Organizations: Nikkei, Apple, Microsoft, Nvidia, Tesla, Screen Holdings, Tokyo Electron, Toyota Motor, Subaru, Mitsubishi, Tokyo Stock Exchange Locations: Japan, United States, Tokyo

TOKYO (AP) — Japan's space agency on Tuesday postponed the launch of a second test flight of its new flagship rocket H3 series planned for this week because of bad weather forecast at the launch site. The fiasco triggered disappointment and uncertainty about Japan's space exploration plans, concerns that were compounded after a spacecraft designed by a Japanese company crashed during a lunar landing attempt in April. The launch of the H3 rocket had already been held up more than two years due to an engine development delay. Mitsubishi's H3 project manager Mayuki Niitsu said there is a growing demand for rockets that can stably launch satellite constellations. “We hope to achieve success of the second H3 rocket and show our capability to our potential customers,” he said and added that H3 could be competitive with major global players, such as SpaceX.

Persons: Masashi Okada, Japan's, “, ” Okada, Okada, Mayuki Niitsu, ” Organizations: TOKYO, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Canon Electronics, Seiren, SpaceX Locations: Japan, Japanese, United States, China

☆ A new space photo of Japan's first spacecraft to land on the moon shows why it's not generating any power
▼ + stars: | 2024-01-25 | by ( Mari Yamaguchi | Associated Press | ) www.businessinsider.com time to read: +5 min

Japan became the fifth country in history to reach the moon when the Smart Lander for Investigating Moon, or SLIM, touched down on the Moon early on Saturday. One of the lander's main engines lost thrust about 50 meters (54 yards) above the moon surface, causing a harder landing than planned. 275 images from spaceTwo probes on Japan's SLIM moon lander. Japan followed the United States, the Soviet Union, China and India to reach the moon surface. A spacecraft designed by a Japanese company crashed during a lunar landing attempt in April, and a new flagship rocket failed its debut launch in March.

Persons: —, Smart, SLIM, Eugene Hoshiko, Shinichiro Sakai, Sakai, JAXA LEV, LEV, toymaker Tomy, Daichi Hirano Organizations: Service, Business, AP, Japan Aerospace Exploration Agency, JAXA, Sony, Doshisha University, Mitsubishi Locations: Japan, United States, Soviet Union, China, India, Japanese

LOS ANGELES (AP) — Japan's Sekisui House Ltd. is buying Denver-based homebuilder M.D.C. Holdings Inc. for $4.9 billion in a deal that would make the Japanese company the fifth-largest builder of new homes in the U.S. The companies said Thursday that they reached a definitive agreement for Osaka-based Sekisui to acquire M.D.C. Holdings for $63 per share. The all-cash offer translates to a roughly 19% premium over M.D.C. Holdings' closing stock price Wednesday. Political Cartoons View All 253 ImagesIn addition to the U.S. and Japan, Sekisui House has operations in Australia, the U.K., China and Singapore. Among the U.S. home construction brands it now operates are Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes.

Persons: Toru Tsuji, Sekisui, homebuilders Organizations: ANGELES, Sekisui, Holdings Inc, U.S, M.D.C, Holdings, M.D.C . Holdings, . Holdings, Richmond American Homes, Woodside Homes, Holt Homes, Chesmar, Hubble Homes, Residential Holdings Locations: Denver, Osaka, California , Florida , Texas, Japan, Australia, China, Singapore, U.S, Woodside, Sekisui

☆ China's bragging about being the first to build a next-generation nuclear reactor. Here's how it compares to reactors in countries like the US, Japan, and Russia.
▼ + stars: | 2023-12-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China on Wednesday said the Shidaowan nuclear reactor is officially contributing to the power grid. AdvertisementChina on Wednesday announced that it's started commercial operations at the world's first next-generation nuclear reactor. AdvertisementThe Fukushima plant in Japan had six reactors producing 4.69 gigawatts, while Russia's BN-1200 reactor in Beloyarsk produces 1,200 megawatts. But it's already missed its 2020 target of producing 58 gigawatts with nuclear reactors, instead producing 53 gigawatts. Nuclear reactors in the US can generate up to 95.86 gigawatts of electricity, per the IAEA.

Persons: —, it's, It's Organizations: Service, Wednesday, Tsinghua University, China National Nuclear Corporation, National Energy Administration, Russia's, Xinhua, International Atomic Energy Agency, US, Nuclear Locations: China, Shandong, Port Gibson , Mississippi, Japan, Beloyarsk, Oarai, Fukushima, India

Search operations widened Friday with additional U.S. military personnel joining the effort, while Japanese coast guard and military ships focused on an undersea search using sonar. Japanese officials say they asked the U.S. military to halt Osprey flights in Japan except for those involved in the search operations. A total of 44 Ospreys have been deployed at U.S. and Japanese military bases in Japan. Denny Tamaki called on Japan’s defense and foreign ministries to request the U.S. military to suspend all Osprey flights in Japan, including in search operations. “I have serious doubts about Osprey safety even for their search and rescue operations.”

Persons: —, Sabrina Singh, Hirokazu Matsuno, Minoru Kihara, Ricky Rupp, ” Kihara, Rupp, Yoko Kamikawa, Japan Rahm Emanuel, United States “, Denny Tamaki, Tamaki, “, ” Organizations: TOKYO, Pentagon, U.S, Ospreys, U.S ., Defense, U.S . Forces Japan, Osprey, United, U.S . Air Force Special, Command, Yokota Air Base, Fifth Air Force, 353rd, Operations, U.S . Marine Corps Air, Iwakuni, Kadena Air Base, Gov Locations: Japan, U.S, Okinawa, United States, Yamaguchi prefecture

☆ Analyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018Mio Kato, founder of research services firm LightStream Research, says Kokusai Electric's long-term outlook isn't as competitive as companies like Tokyo Electron when it comes to technology.

Persons: Mio Kato, Kokusai Organizations: LightStream Research Locations: Tokyo

TOKYO (AP) — Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment, in what's seen as a move to lift his dwindling public support. “I'm determined to take unprecedentedly bold measures,” Kishida said, pledging an intensive effort to achieve stronger supply capability in about three years. “The results clearly show that many voters are dissatisfied by the government's delayed economic measures to tackle rising prices," said Jun Azumi, a senior CDPJ lawmaker. “Now is the time for me to focus on that, and I'm not thinking about anything else,” Kishida said, denying that his tax cut proposal was related to elections. The tax cuts would be part of a new economic stimulus package he plans to announce by the end of the month.

Persons: —, Fumio Kishida, Kishida, “ I'm, ” Kishida, “, ”, Azumi Organizations: TOKYO, Liberal Democratic Party, Constitutional Democratic Party of Japan Locations: what's, Nagasaki, Sunday's, Kochi, Tokushima, Ukraine, Israel, China

TOKYO (AP) — Japan's wrecked Fukushima nuclear power plant said it began releasing a second batch of treated radioactive wastewater into the sea on Thursday after the first round of discharges ended smoothly. The plant's first wastewater release began Aug. 24 and ended Sept. 11. During that release, TEPCO said it discharged 7,800 tons of treated water from 10 tanks. In the second discharge, TEPCO plans to release another 7,800 tons of treated water into the Pacific Ocean over 17 days. About 1.34 million tons of radioactive wastewater is stored in about 1,000 tanks at the plant.

Persons: — Japan's, Ichiro Miyashita Organizations: TOKYO, Tokyo Electric Power Company Holdings, TEPCO, Agriculture, International Atomic Energy Agency Locations: South Korea, China, Fukushima, Malaysia

TOKYO (AP) — Japan's health ministry has approved Leqembi, a drug for Alzheimer’s disease that was jointly developed by Japanese and U.S. pharmaceutical companies. It's the first drug for treatment of the disease in a country with a rapidly aging population. Developed by Japanese drugmaker Eisai Co. and U.S. biotechnology firm Biogen Inc., the drug's approval in Japan comes two months after it was endorsed by the U.S. Food and Drug Administration. Eisai said it will conduct a post-marketing special use survey in all patients administered the drug until enough data is collected from unspecified number of patients under Japanese health ministry procedures. Eisai is committed to delivering Leqembi to people who need it and their families “as a new treatment,” said Haruo Naito, the company’s CEO.

Persons: Fumio Kishida, Kishida, Eisai, Leqembi, ”, Haruo Naito Organizations: TOKYO, Biogen Inc, U.S . Food, Drug Administration, Kyodo Locations: Japan

☆ Tesla's push into humanoid robots is set to benefit these 5 global stocks in the supply chain, HSBC says
▼ + stars: | 2023-07-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

HSBC identified key stocks in the supply chain that may benefit from Tesla's push into humanoid robots. Tesla launched its human-shaped robot, called "Tesla Bot," last September. But compared with its more seasoned counterpart, Boston Dynamics' Atlas, the Tesla Bot lacks advanced motion control capabilities, HSBC said. The table below shows the five buy-rated stocks expected to be in the supply chain for such robots, according to HSBC. These companies — Japan's Keyence, South Korea's LG Energy Solution, Chinese firms Inovance, Contemporary Amperex Technology (CATL), and Zhejiang Sanhua — are involved in different aspects of the supply chain for humanoid robots, HSBC said.

Persons: Tesla, HSBC's, Elon Musk, Helen Fang, Japan's, Dyson Organizations: HSBC, Boston Dynamics, South Korea's LG, Amperex Technology Locations: South, Zhejiang

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