uploads///Amada Holdings Outperformed Hitachi

Amada Holdings Was EWJ’s Top Stock, Upgraded by Mitsubishi UFJ


Nov. 20 2020, Updated 1:55 p.m. ET

Top stocks

On Monday, December 7, 2015, the stocks at the top of the iShares MSCI Japan ETF (EWJ) were Amada Holdings, Mixi, and TDK. They yielded 5.2%, 4.9%, and 4.7%, respectively.

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Amada contributed the highest return to EWJ

Amada Holdings is an industrial machinery manufacturing company. It manufactures, sells, maintains plate products. The company contributed a 5.2% return to EWJ on December 7, 2015.

The stock was upgraded by Mitsubishi UFJ (MTU) on December 4, 2015. It rose to “overweight” from “neutral.” The 12-month target price rose to 1,570 yen per share. The above graph compares the performance of Amada Holdings with its peer Hitachi Machinery.

Why was it upgraded?

  • The profit margin will grow as it received huge orders.
  • The profits from laser machines will likely rise over time due to increased production and new product development.
  • It could receive near-term orders from North America and Japan.

According to an analyst survey, the stock received three “buy” recommendations, seven “hold” recommendations, and two “sell” recommendations. The stock’s YTD (year-to-date) return is 22%.

Bottom stocks

The stocks at the bottom of EWJ were Softbank (SFTBY), Sony, and Mitsubishi. They yielded -0.09%, -1%, and -0.9%, respectively.

Banking stocks like Sumitomo Mitsui Financial (SMFG) and Mizuho Financial (MFG) returned 0.89% and 0.52%, respectively, on December 7, 2015.

To learn more, read FEZ, Developed Markets Rise on Strong US Employment Data.


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