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I would like to share my experience on Japanese small caps.
Last year, I was screening for net net stocks with dividend yield, and Japan had the lion's share. I decided to experiment and see what a purely quant approach will yield for me (since I don't understand the Japanese language). Buying a basket of 15 Japanese stocks (via Std Chart Brokerage) during Nov/Dec period last year, the paper return in 9 months is around 19% net of exchange losses & fees. All stocks are in positive territory with 6%-50% Yen gain to date.
The stocks in my portfolio are: Kawasumi Lab, Shingakukai, Charle, Nireco, Takigami Steel, Nakakita, Techno Associe, Tenox, Eidai Kako, Mansei, Shinko Shoji, Yotai, Natoco, Sansha Electric.
Same Period Performance Comparisons: - Yen gain of 25% vs Nikkei index gain of 12%
- S$ gain of 19% vs Aggregate Value Fund (Asia Pac small caps value investing fund) of 11% vs STI index gain of 19%
This is fairly encouraging result for my first foray into both net net investing & the Japanese market.
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Shinko Shoji, also a holding of mine is buying back 9% of shares outstanding after already consistently buying back shares. It also raised of its profit forecast for the year.
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Quote:Last year, I was screening for net net stocks with dividend yield, and Japan had the lion's share.
I am interested to know what tools you use to screen for stocks globally?
I wait until there is money lying in the corner, and all I have to do is go over there and pick it up.
Jim Rogers
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Wah not bad leh, in 2007 peak time hit 2400 now up to 1400 Liao. Should be more good times ahead, electronics biz pretty good now.
Sent from Moto G5+ using Tapatalk
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I use valuesignals, its a premium screener, but worth the money.
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(30-07-2017, 09:10 PM)psslo Wrote: I would like to share my experience on Japanese small caps.
Last year, I was screening for net net stocks with dividend yield, and Japan had the lion's share. I decided to experiment and see what a purely quant approach will yield for me (since I don't understand the Japanese language). Buying a basket of 15 Japanese stocks (via Std Chart Brokerage) during Nov/Dec period last year, the paper return in 9 months is around 19% net of exchange losses & fees. All stocks are in positive territory with 6%-50% Yen gain to date.
The stocks in my portfolio are: Kawasumi Lab, Shingakukai, Charle, Nireco, Takigami Steel, Nakakita, Techno Associe, Tenox, Eidai Kako, Mansei, Shinko Shoji, Yotai, Natoco, Sansha Electric.
Same Period Performance Comparisons: - Yen gain of 25% vs Nikkei index gain of 12%
- S$ gain of 19% vs Aggregate Value Fund (Asia Pac small caps value investing fund) of 11% vs STI index gain of 19%
This is fairly encouraging result for my first foray into both net net investing & the Japanese market.
Nice! Have some of those holdings in my portfolio at the moment too haha.
Btw, have you considered using IB instead of Stanchart? You might end up saving more using IB with Stanchart's atrocious forex rates.
On a side note, added Odawara Auto Machine recently seeing that it's still cheap.
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(31-07-2017, 06:21 PM)BlackCat Wrote: Quote:Last year, I was screening for net net stocks with dividend yield, and Japan had the lion's share.
I am interested to know what tools you use to screen for stocks globally?
I was using Google Finance & a spreadsheet at first, but it's a lot of work. After that, I tried Screener.co (https://screener.co/) using their free trial period.
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After nearly a year on, I conducted a review & updated my Japanese portfolio.
Sold (Either take profit or swop for another counter)
Kawasumi Lab, Shingakukai, Nireco, Takigami Steel, Shinko Shoji, Sansha Electric
Result - 23% gain in yen terms
Added to existing positions
Charle, Nakakita, Techno Associe, Tenox, Yotai
Result so far - paper gains
New counters
Otec, DMW, Clip, Geomatec & Togami Electric.
Result so far - paper gains except for Geomatec
All are net-nets except for Togami.
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Thank I will have a look.. My JPY portfolio is up approximately 50% in local currency in 2017. Lots of names continue to be cheap.
Some new names..
Toa Valve Engineering
Nakano Refrigerators
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Hey guys, just wanted to share the net-nets I'm currently holding and to throw out a quick question.
Current jp net-nets holdings:
Isamu Paint
NKK Switches
Kikukawa Enterprise
Toa Valve
Nippon Antenna
Musashi
Charle
Sanko Co
Denkyosha
Question: Does anyone knows which broker provide access to stocks listed on the smaller exchanges (say Osaka and Nagoya)?
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