“When is the impact of negative interest rate policy reflected in the performance of real estate companies?”
22 months have passed since the BOJ decided to introduce a negative interest rate on January 29, 2016. At the time of the introduction decision, the question “What is the negative interest rate in the first place?” was swept over the stock market, but now house purchase examiners (consumers) seems to understand that a mortgage interest rate decreases after the introduction of the negative interest rate.
【Housing Market Trends in 2009】(Japan Housing Finance Agency)
http://www.jhf.go.jp/files/300334232.pdf
Finally, due to the negative interest rate, the performance of real estate companies is increasingly visible. Among real estate companies, I will introduce KI-STAR REAL ESTATE CO.,LTD(3465).
Condominium housing business is solid! KI-STAR REAL ESTATE CO.,LTD
Approximately 80% of KI-STAR REAL ESTATE revenue is that of condominium housing business. The company also set up a system that puts emphasis on condominium housing business for the individual sale. I think that the performance of condominium housing business will continue to grow.
【Financial statement for the second quarter of the fiscal year ending March 31, 2018】
http://contents.xj-storage.jp/xcontents/AS80934/ce0cffee/a2d8/4b1b/8f45/80603f93d35f/140120171107411360.pdf
Great Fundamentals
The numerical valuespaid attention to fundamental analysis are followed.
Percentage of sales growth in the fiscal year ending March 2016, March 2017: 32%
Increase in sales in the fiscal year ending March 2017, March 2018 (forecast): 32%
Increase ratio of ordinary income in the fiscal year ending March 2016, 2017: 63%
Increase ratio of ordinary income in the fiscal year ending March 2017, March 2018 (forecast): 33%
Increase ratio of ordinary income in the most recent quarter (July to September, 2017): 43.3%
Expected ROE: 32.6%
New high price update in progress to further height
The new high price (2,433 yen) is updated on November 21, 2017.
Daily chart of KI-STAR REAL ESTATE CO.,LTD on November 24, 2017.
The rise in stock prices accompanied by the volume on 30th October is thought to reflect the buying of financial institutions. In the future, we can expect a rise in stock prices from the improvement in performance.
12.2% up in 9 business days!
(Added on December 2, 2017)
After updating the new high (2,433 yen) on November 21, 2017, the stock price increased by 21.4% on the basis of the high price (2,731 yen) on December 1st.
Daily chart of KI-STAR REAL ESTATE on December 1, 2017.
KI-STAR REAL ESTATE is a leading company among real estate companies. I think there is still room for stock price to rise. We will continue to monitor stock prices of KI-STAR REAL ESTATE.
20.1% up in 18 business days!
(Added on December 16, 2017)
After updating the new high price (2,433 yen) on November 21, 2017, the stock price rose 20.1% on the high price (2,934 yen) on December 15th.
Daily chart of KI-STAR REAL ESTATE on December 15, 2017.
I will continue to monitor the stock price of KI-STAR REAL ESTATE to check what extent it will rise.
32.3% up in 27 business days!
(Added on January 1, 2018)
After updating the new high price (2,433 yen) on November 21, 2017, the stock price increased by 32.3% on the high price (3,220 yen) basis on December 28.
Daily chart of KI-STAR REAL ESTATE on December 29, 2017.
I would like to monitor the stock price of KI-STAR REAL ESTATE along with that of MEIHO ENTERPRISE CO., LTD that is also among leading real estate companies.
Caution
The content of this blog is an opinion about KI-STAR REAL ESTATE as an individual investor . I am not responsible for losses caused by investment based on the content of the blog.
Thank you,
k-zma