Mitsubishi UFJ Morgan Stanley Securities Co., chose Japanese stocks that it predicts will profit in the medium term to long term.
This list includes:
The camera manufacturer Canon Inc., which jumped 26 % in the last six months of 2010; Fanuc Ltd., Japan’s biggest industrial robot manufacturer that advanced 45 % 2010; Dentsu Inc., Japan’s largest advertising company that declared its non-consolidated net sales for December grew by 6.3 % from 2009 to today; Mitsubishi Chemical Holdings Corp., a chemical products manufacturer grew by 40 % last year.
Also on the list are: Denso Corp., an automobile parts manufacturer; Daiwa House Industry Co., a home-building company; FamilyMart Co., which operates a convenience-store chain; Rinnai Corp., which manufactures gas appliances; Asics Corp., which manufactures sporting goods; Nichicon Corp. which manufactures capacitors ; and Nippon Shinyaku Co., a health food and pharmaceuticals maker.
The chief equity strategist for brokerage, Chisato Haganuma, wrote “To invest selectively by looking at medium- and long-term profit for companies is key to increase return on investment in the next few years.”