Japan's Ya-Man jumps on report co likely to post strong profit

Ya-Man

09/03/2018 04:50

** Beauty products maker Ya-Man Ltd  6630.T  jumps as much
as 12 pct to 1,894 yen, highest since late January
    ** Nikkei reports that co's operating profit for May-Jan
period has likely risen 45 pct on year to more than 4 bln yen as
inbound tourism demand boosted strong sales of beauty products, 
while lower promotion costs also helped
    ** As of previous close, stock down 10.59 pct so far this
year 
    ** About 2.27 mln shares of the Tokyo-based company change
hands, around 312.9 pct of their 30-day moving average of
726,940 shares 
    ** Among the analysts that cover Ya-Man Ltd, the current
average rating on the shares is "buy"; the breakdown of
recommendations is one "strong buy" or "buy". The analyst mean
price target is 2,300 yen
    ** The forward price-to-earnings ratio for Ya-Man Ltd for
the next 12 months is  28.35, about 10.59 pct lower than it was
at the end of last year ( 31.71)

 (Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net)