Japan Hot Stocks-Daiei, Nissho Iwai-Nichimen, Central Glass

The following stocks are on the move on Tuesday: Glass sheet maker Central Glass Co up 5.38 percent at 822 yen, a day after its annual results and outlook both beat the market consensus.

Deutsche Securities on Tuesday maintained its buy rating and raised its target share price to 940 yen from 900 yen. Central Glass on Monday posted a 32 percent rise in group net profit to 11.61 billion yen ($102.6 million) in the year that ended in March and forecast that it would rise to another record of 13 billion yen in fiscal 2004/05.

600450 Japan Hot Stocks-Daiei, Nissho Iwai-Nichimen, Central Glass glassonweb.com
Date: 25 May 2004
Source: Forbes

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