Japan's Tokyo Seimitsu surges after report co heading for record profit again
13/03/2018 05:15
** Semiconductor manufacturing equipment maker Tokyo
Seimitsu 7729.T surges 3.8 pct to 4,690 yen, highest since
Feb. 5
** Nikkei reports co's operating profit on track to rise 6
pct to around 18 bln yen ($168 mln) in the upcoming fiscal year
through March 2019, which would mark the second straight record
year thanks to thriving demand for chipmaking equipment
** As of 05:07 GMT, about 237.20 thousand shares of the
Tokyo-based company have been traded, about 130.8 percent of
their 30-day moving average of 181.32 thousand shares a day
** Among the nine analysts that cover Tokyo Seimitsu Co Ltd,
the current average rating on the shares is "hold"; the
breakdown of recommendations is three "strong buy" or "buy",
five "hold", no "sell" or "strong sell". The analyst mean price
target is 5,045.5 yen.
** The forward price-to-earnings ratio for Tokyo Seimitsu Co
Ltd is 13.71, about 6.17 percent lower than what it was at the
end of last year (14.61)
(Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net)