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Changes in my portfolio allocation
(07/02/2010
posted in: My 30 Stocks Portfolio
)
It has been a while since I last updated my portfolio. My view of the market was bear since July and I never felt any confidence in increasing beta to my portfolio. Looking back it was a mistake ... -
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Asahi Glass’ earning announcement
(05/02/2010
posted in: Japanese Companies Analysis
)
Asahi Glass just released its Q3 earning results yesterday. It is always difficult to judge if the performance was strong because Japanese companies do not give guidance for Q1 and Q3. However ... -
Toyota Motors is in big trouble
(29/01/2010
posted in: Japanese Companies Analysis
)
If you are reading this article I assume it is because most of you are already familiar with the recent news about Toyota Motors. It could end up being very detrimental to the company and the ... -
Governments’ policies still drive markets
(26/01/2010
posted in: Global Financial Market News
)
Governments’ policies still drive markets. For investors who still believe the market is back to normal, think again!! Over the past few days there have been important rumors about policy changes ... -
Lending regulation changes in Japan?
(19/01/2010
posted in: Daily News
)
Mr. Kenji Tamura announced today a new regulation for consumer finance companies might be voted. The deadline to the 2006 regulation is a few months away. The voted regulation is very restrictive ... -
What to expect from the stock market in 2010.
(19/01/2010
posted in: Global Financial Market News
)
The strong performance of the market since March ’09 has pushed many institutional investors to step back into stocks. Now that we are back to pre-Lehman market levels, investors seem divided ... -
Avatar and its impact now and in the future
(17/01/2010
posted in: Global Financial Market News
)
I hope most of you, readers, saw the new Cameron’s movie Avatar. It is a master piece of innovation and it is no wonder revenue are going thru the roof. Now why do I tell you that on this ... -
Sony (6758 JP) conference at the Consumer Electronic Show
(08/01/2010
posted in: Japanese Companies Analysis
)
Sony (6758 JP) had a conference a few days ago at the Consumer Electronics Show. At first glance I would say there are very few new features. Mostly there are upgrades of the existing line-up of ... -
Marubeni is well diversified in China
(19/12/2009
posted in: Japanese Companies Analysis
)
Recently I read a research paper from Macquarie and I was surprised to read that Marubeni was well diversified in China. I always saw Marubeni as commodity play and as you will see later on, it is ... -
Market Strategy: Deflation deepens in Japan
(10/12/2009
posted in: Global Financial Market News
)
Japan is heading back to the 1990’s when deflation stopped government to come up with enough tools to boost the Nippon economy. In October the headline CPI fell 2,5% yoy and the underlying ... -
Sumitomo Rubber: the worst might be over
(28/11/2009
posted in: Japanese Companies Analysis
)
For many analysts, tire demand has bottomed out for a few months now. The recovery is only gradual but demand for replacement tire will lead to solid growth in volumes in FY12/10 following a ... -
Market Strategy: Canon acquire Océ N.V
(17/11/2009
posted in: Japanese Companies Analysis
)
Canon (7751 JP) just announced after market today the acquisition of Océ N.V. Océ management will support the tender offer of the Japanese giant and the takeover will take place during the 1Q10. ... -
Sumitomo Trust & Banking (STB) starts the banking sector earnings season
(13/11/2009
posted in: Japanese Companies Analysis
)
SumitomoTrust & Banking (8403 JP) just reported its second quarter earning results. It was lower than expected with net income falling 42% QoQ to ¥7.1bn. The result is not only lower than analysts ... -
Market Strategy: The 1H09 earning season is around the corner
(09/10/2009
posted in: Japanese Companies Analysis
)
Today, I will just forward to you a recent report from Macquarie. You will find earnings’ expectation for a few Small and Mid Cap companies. I can’t really comment much but it is always ... -
Market Strategy: Prices for Flat Panel TV are starting to decrease
(08/10/2009
posted in: Global Financial Market News
)
DisplaySearch Pricewise has recently stated that TFT-LCD panel prices have started to decline in the first half of October. To recall, Flat Panel TV prices started to rebound around March-April ... -
The DPJ’s difficult task ahead
(21/09/2009
posted in: Global Financial Market News
)
The DPJ is in power but is it really a chance? Japan is facing one of the worst recessions in decades and the government has very little room to implement reforms. It is agreed among economists ... -
Market Strategy: Steel and Oil stocks
(21/09/2009
posted in: Global Financial Market News
)
This morning Macquarie reiterated its bullish view on the steel and oil sectors. Its analysts see multiple indicators about to bottom like Japan IP and exports. The OECD LI has inflected adding to ... -
Market Strategy: 2Q09 GDP revision
(14/09/2009
posted in: Global Financial Market News
)
Today, the Japanese government has revised down its 2Q09 GDP by a large amount (from 3.7% to 2.3%). However it looks like recognition of cyclical recovery is spreading, with upward revisions to ... -
USD/YEN back to scary levels
(28/08/2009
posted in: Stockmarket Technical Analysis
)
The USD/Yen exchange after a nice pop up in late january this year has been drifting lower for months now. It could be a big issue for the stock market since the Nikkei225 is driven by exporters ... -
Bridgestone set for a recovery
(04/08/2009
posted in: Japanese Companies Analysis
)
Bridgestone’s management has raised its guidance for FY12/09. The new guidance is much higher than the original delivered in February. The main changes come from a gain in foreign exchange rate, ... -
Bears might be back on top thanks to MSFT and Technical Analysis
(24/07/2009
posted in: Stockmarket Technical Analysis
)
I know I am starting to feel lonely here talking about retracement in the market, especially after a huge upside move in the US market today. So far earnings have been pretty good with a verythigh ... -
Steel demand this year: World vs China!!!
(22/07/2009
posted in: Daily News
)
I know I am not bullish about further strength in the market right now but I know some of you are. So it is my job to report any interesting news or research I come accross if I think they could ... -
The selling continues after Caterpillar strong earnings
(22/07/2009
posted in: My 30 Stocks Portfolio
)
Today, once again, the US market released some good numbers from Merck, Coca cola and more particularly Caterpillar. I say more particularly because it is a stock Japanese investors always look at ... -
Hybrid cars are the new fashion of the moment but Nissan seems to lag its rivals
(17/07/2009
posted in: Daily News
)
Carlos Ghosn is probably one of the best CEO in the automobile industry. I am especially talking about his skills for public relation. He is one of the most recognized names in the automobile ... -
Derivatives 101: Over The Counter vs. Regulated
(17/07/2009
posted in: Global Financial Market News
)
From the beginning of the financial crisis, government and economists have repeated many times that the real cause of the crisis was the Derivative Market and more particularly the un-regulated, ... -
Reducing beta ahead of a risky earning season
(16/07/2009
posted in: My 30 Stocks Portfolio
)
It is still the time to get ride of your risky and high beta stocks. The market is still on its high for the year ahead of the earning season. I know so far the market has been very resilient with ... -
Earning Report Calendar
(16/07/2009
posted in: Japanese Companies Analysis
)
I have just received a nice excel spreadsheet today with most of the Nikkei225 companies' earning reporting date. Unfortunately I still miss a few of them but it should be very helpful to you if ... -
The Japanese Yen is back to alarming levels.
(09/07/2009
posted in: Global Financial Market News
)
The beginning of the earning season is not the only reason for the pull back in the stock market in Japan. The rapid appreciation of the Japanese currency versus the dollar and the euro is also ... -
It is time to be more defensive as the market seems to look elsewhere
(03/07/2009
posted in: My 30 Stocks Portfolio
)
The market has spoken today, at least that is the way I interpreted the downward move in the S&P500. The Non Farm Pay Roll number for the month of June in the US showed another 467,000 jobs ... -
KDDI (9433 JP) is standing at a very attractive level
(30/06/2009
posted in: Japanese Companies Analysis
)
The market has been trading in a range for the past couple weeks now. The daily volume keeps dropping approaching the end of the quarter. I expect more volatility in the coming weeks but I am not ... -
What would be the next move in the Japanese financial market?
(29/06/2009
posted in: Global Financial Market News
)
This time I have decided to look at performances of the Japanese stocks since January 1st and thru the important moment of the first six months of the year. I divided the year in three parts: the ... -
Steel stocks are not a buy and hold investment just yet.
(18/06/2009
posted in: Japanese Companies Analysis
)
Couple weeks ago I posted an article mentioning my concerns about Nippon Steel and steel stocks in general. I opted for other cyclical stocks like Mitsui & Co or Marubeni. I might have been lucky ... -
Not Bull Market yet but no need for scary pessimism either.
(17/06/2009
posted in: Global Financial Market News
)
The length and strength of this market rebound since March is definitely a little fast and steep for average market rebound in a Bear Market or even just a rebound at a beginning of a Bull Market. ... -
My portfolio return since March 31st and on Year to Date.
(08/05/2009
posted in: My 30 Stocks Portfolio
)
It has been a while since I last provided you with the track record of my portfolio. I haven’t made any changes since March 31st when I decided to be more aggressive in my strategy and increase ... -
Is Chugai Pharmaceutical (4519 JP) really a Swine Flu play?
(29/04/2009
posted in: Daily News
)
I am back after couple weeks of vacations. I was not able to work on my blog but I still found a way to stay in touch with the market. Since my last article the market has been on a bullish mode ... -
Corporate Bankruptcies reached a 6 year high in Japan.
(09/04/2009
posted in: Daily News
)
The Tokyo Shoko Research Ltd released an interesting report yesterday. Corporate bankruptcies have plummeted in 2008 reaching a six year high with more than 16 000 companies filing for bankruptcy ... -
Sharp Corp (6753 JP): The management is more cautious ahead of its full year earning results
(09/04/2009
posted in: Daily News
)
Sharp Corp (6753 JP) announced today operating losses at its LCD TV division would be closer to ¥60bn compare to an expected loss of ¥30bn so far. It is not surprising as retail sales have been ... -
In March, Fidelity Investment Ltd increased its exposure to Japanese equities.
(06/04/2009
posted in: Daily News
)
I am just reporting an article I saw today on the website of the Nikkei newspaper. It seems that Fidelity, one of the biggest fund managers in the world, based on assets under management, has ... -
Conclusion from the G20 Meeting in London
(06/04/2009
posted in: Global Financial Market News
)
The G20 Meeting that took place last week in London did not hurt the financial markets. I am sorry if I am not very optimistic but actually the fact that investors were not disappointed by what ... -
The automobile industry around the world undergoes a lot of changes.
(31/03/2009
posted in: Global Financial Market News
)
Yesterday was full of news for the automobile industry. It is also possible that this Monday March 30, 2009 will be seen as the turning point for the US automobile industry. But what exactly ...
Profile
- Olivier Levant
-
- Enterprise
- 09/05/1979
- I am passionate about Japan and more particularly about investing in Japan. From 2006 to 2008 I managed a Large Cap Japanese Equity Fund at Groupama AM. I invest in stocks based on a GARP strategy and a mix of top-down and bottom-up approaches
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