Japan Hot Stocks-Property firms, Kawasaki Heavy, exporters

TOKYO, Aug 19 (BestGrowthStock) – The benchmark Nikkei average
(.N225: ) rose 1 percent and the broader Topix (.TOPX: ) was 0.8
percent higher on Thursday.

The following stocks were on the move:
**PROPERTY FIRMS GAIN AMID HOPES FOR FURTHER BOJ EASING**

Shares of property firms like Mitsui Fudosan Co (8801.T: )
gained amid heightened speculation that the Bank of Japan may
ease monetary policy further before an expected meeting between
Prime Minister Naoto Kan and BOJ Governor Masaaki Shirakawa next
week.

“Property stocks are attracting buyers because there have
been signs of improvement in building vacancy rates and solid
apartment sales, and they would also benefit from further policy
easing,” a market analyst said.

Mitsui Fudosan climbed 2.6 percent to 1,436 yen and
Mitsubishi Estate Co (8802.T: ) jumped 3.1 percent to 1,319 yen.
Sumitomo Realty & Development Co (8830.T: ) added 2 percent to
1,688 yen.

The Sankei newspaper reported on Thursday that the central
bank has started considering additional monetary easing steps in
line with government efforts to support the country’s economy.
[ID:nTOE67H06U] [ID:nTOE67I027]
0509 GMT
**KAWASAKI HEAVY (7012.T: ) GAINS; BROKERAGE RAISES TARGET PRICE**

Shares of Kawasaki Heavy Industries Ltd climbed 2.7 percent
to 226 yen after Nomura Securities increased its target price,
albeit only slightly, to 240 yen from 230 yen, reflecting the
recent appreciation of the yen. Nomura maintained its “neutral”
rating.

“Margins have improved by more than we expected in the
precision machinery segment,” a Nomura analyst wrote in a client
note.

“The company’s efforts to cut fixed costs and overhaul raw
materials for motorcycles have also brought greater-than-expected
benefits, and accordingly we have raised our earnings forecasts
for 11/3 onward.”
0439 GMT
**EXPORTERS GAIN AS DOLLAR CLAWS HIGHER AGAINST YEN**

Canon Inc (7751.T: ) and other exporters gained after the
dollar clawed higher against the yen, drawing some support from a
media report that the Bank of Japan has started considering
additional monetary easing measures. [FRX/]

The greenback edged up 0.2 percent to 85.59 yen (JPY=: ) in
early Asian trade.

Canon rose 1.4 percent to 3,630 yen, Toyota Motor Corp
(7203.T: ) gained 0.8 percent to 3,055 yen, and Nissan Motor Co
(7201.T: ) gained 1.1 percent to 662 yen.
0043 GMT
**TOKYO ELECTRON CLIMBS AFTER U.S. FIRM POSTS STRONG RESULTS**

Chip equipment maker Tokyo Electron (8035.T: ) climbed 3.1
percent to 4,285 yen after U.S. peer Applied Materials Inc
(AMAT.O: ) forecast quarterly results that beat Wall Street
estimates, as well as posting better-than-expected results for
the quarter ended Aug. 1. [ID:nN18214659]

The company posted revenue of $2.5 billion, a rise of 10
percent, beating the Wall Street consensus of $2.4 billion.

For the current quarter, Applied Materials forecast earnings
per share, excluding items, of 28 to 32 cents, exceeding Wall
Street expectations of 26 cents.
0014 GMT
(Reporting by Tokyo newsroom)

Japan Hot Stocks-Property firms, Kawasaki Heavy, exporters