As the article “Negative interest rate effect! Real estate company KI-STAR REAL ESTATE CO.,LTD” described, the performance of real estate companies has been improved due to the effect of negative interest rates.
In this article, we will introduce the second real estate brand name next to KI-STAR REAL ESTATE CO.,LTD. It is MEIHO ENTERPRISE CO., LTD(8927).
Real estate sales business is steady! MEIHO ENTERPRISE CO., LTD
87% of MEIHO ENTERPRISE’s revenue are that of real estate sales business. I think that the company’s overall business performance will continue to grow steadily as the main business is solid.
【Financial statement for the first quarter of the fiscal year】
http://pdf.irpocket.com/C8927/PoNw/niIY/oy2a.pdf
Good performance! Fundamentals
The numerical values paid attention to for fundamental analysis are as follows.
Percentage of sales growth in the fiscal year ending July 2016 to July 2017: 30%
Increase in sales in the fiscal year ending July 2017 to July 2018 (forecast): 2.0 times
Increase ratio of ordinary income in the fiscal year ending July 2016 to July 2017: 32%
Increase ratio of ordinary income in the fiscal year ending July 2017 to July 2018 (forecast): 3.7 times
Increase ratio of ordinary income in the most recent quarter (August to October, 2017): 14 times
Expected ROE: 59.4%
New high price update in progress!
The new high price (466 yen) was updated on December 19, 2017.
Daily chart of MEIHO ENTERPRISE on December 19, 2017
The rise of the stock price due to the improvement of the performance can be expected, because the rise of stock prices accompanied by a large volume on December 19 is seemed to reflect the buying by financial institutions. The article “Negative interest rate effect! Real estate company KI-STAR REAL ESTATE CO.,LTD” introduces almost the same prediction as the KI star real estate.
Re-break out from lost droppings!
(Added on January 27, 2018)
The new high price (495 yen) was updated on January 26, 2018, and the stock price increased by 16.8% based on the high price (578 yen). Although lower prices was attached on January 17, this seems “an intentional drop” by institutional investors. This movement is considered a harbinger of a sharp rise of the stock price.
Daily chart of MEIHO ENTERPRISE on January 26, 2018
The trigger of the rapid rise of the stock price is “purchase of new business land by new loans”.
【News release of purchasing new business land by new loans】
http://pdf.irpocket.com/C8927/UV5D/rAot/qNiL.pdf
【Correction) About partial correction of ‘News release purchasing new business land by new loans’】
http://pdf.irpocket.com/C8927/UV5D/vPAc/AOS1.pdf
The rise of the stock price of MEIHO ENTERPRISE can be expected besed on the the same logic as that of KI star real estate introduced in the article “Negative interest rate effect! Real estate company KI-STAR REAL ESTATE CO.,LTD“. We will continue to monitor the stock price of MEIHO ENTERPRISE.
27.9% up in 5 business days!
(Added on February 3, 2018)
The new high price (495 yen) was updated on January 26, 2018. The stock price of MEIHO ENTERPRISE increased by 27.9% based on the high price (633 yen) at January 31.
Daily chart of MEIHO ENTERPRISE on January 31, 2018
We will continue monitoring the stock price of the MEIHO ENTERPRISE to check whether the stock price will rise.
Caution
The content of this blog is an opinion about KI-STAR REAL ESTATE and MEIHO ENTERPRISE as an individual investor. I am not responsible for losses caused by investment based on the content of the blog.
Thank you,
k-zma