Japan hot stocks-Aeon, Nippon Sheet Glass, construction firms

Reuters
August 11, 2009
COMMERCIAL, RETAIL, AUTO, FABRICATION

The benchmark Nikkei average rose 0.2 percent and the broader TOPIX inched up 0.1 percent on Tuesday.

Nippon Sheet Glass, a major sheet glass maker, surged 8.6 percent to 353 yen [$3.62] after Bank of America (BAC - news - people) Merrill Lynch initiated coverage with a 'buy' rating, citing expectations of a significant earnings contribution from price hikes on European construction-use glass and the auto-glass business swinging into profits in the financial year starting next April.

Read full article