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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Japan Airlines Co., Ltd.    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

(9201)
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Nikkei hits 29-year high as vaccine optimism boosts risk appetite

11/17/2020 | 02:09am EST

TOKYO, Nov 17 (Reuters) - Japan's Nikkei share average closed at a 29-year high on Tuesday as investors cheered news of another potential coronavirus vaccine that re-ignited hopes of a swift global recovery.

The Nikkei share average rose 0.42% to 26,014.62, its highest close since May 1991. The broader Topix added 0.15% to 1,734.39, after having slipped into negative territory in morning trade.

Investor sentiment was given a boost when Moderna Inc said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-state data.

Still, downturn risks remain as investors turned cautious after the index rallied sharply by more than 13% this month, and as new coronavirus cases have been surging both at home and abroad, analysts said.

The benchmark index had closed at a 29-year high on Monday as well after the economy posted its first expansion in four quarters.

"The market has been overheated by a high-paced rise, and it would be no wonder if stocks go into correction at any time in the short term," said Maki Sawada, equity market strategist at Nomura Securities.

The S&P 500 and Dow Jones industrial average notched record closing highs on Monday after Moderna Inc became the second U.S. drugmaker to report trial results that far exceed expectations.

Around two-thirds of the 33 sector sub-indexes on the Tokyo exchange traded higher.

The airline sector led gains, climbing 3.96%, with ANA Holdings and Japan Airlines adding 4.16% and 3.72%, respectively.

Other cyclical sectors followed, with miners, insurers and iron and steel rising between 2.1% and 3.4%.

Semiconductor Tokyo Electron rose 1.32% to a record high, taking positive cues from its U.S. peers.

Nikkei's heavyweight Fanuc Corp rose nearly 1.5%, helped by upbeat industrial output data from China and the formation of a regional trade bloc comprising 15 Asia-Pacific economies.

The Mothers Index of start-up firm shares bucked the overall firmness and dropped 3.63%. (Reporting by Eimi Yamamitsu and Tokyo markets team; Editing by Ramakrishnan M. and Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 1.06% 2233 End-of-day quote.-1.93%
DJ INDUSTRIAL -0.07% 30937.04 Delayed Quote.1.16%
FANUC CORPORATION -0.41% 26960 End-of-day quote.6.31%
JAPAN AIRLINES CO., LTD. -0.21% 1890 End-of-day quote.-5.26%
MODERNA, INC. 3.35% 151.93 Delayed Quote.45.35%
NASDAQ 100 0.05% 13490.1857 Delayed Quote.4.62%
NASDAQ COMP. -0.07% 13626.064934 Delayed Quote.5.08%
NIKKEI 225 -0.96% 28546.18 Real-time Quote.5.02%
S&P 500 -0.15% 3849.62 Delayed Quote.2.49%
TOKYO ELECTRON LIMITED 1.06% 43970 End-of-day quote.14.51%
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Financials
Sales 2021 516 B 4 975 M 4 975 M
Net income 2021 -268 915 M -2 593 M -2 593 M
Net Debt 2021 138 B 1 334 M 1 334 M
P/E ratio 2021 -2,84x
Yield 2021 -
Capitalization 813 B 7 845 M 7 842 M
EV / Sales 2021 1,84x
EV / Sales 2022 0,84x
Nbr of Employees 35 653
Free-Float 95,6%
Chart JAPAN AIRLINES CO., LTD.
Duration : Period :
Japan Airlines Co., Ltd. Technical Analysis Chart | 9201 | JP3705200008 | MarketScreener
Technical analysis trends JAPAN AIRLINES CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 2 262,50 JPY
Last Close Price 1 861,00 JPY
Spread / Highest target 34,3%
Spread / Average Target 21,6%
Spread / Lowest Target 2,10%
EPS Revisions
Managers and Directors
NameTitle
Yuji Akasaka Executive President & Representative Director
Yoshiharu Ueki Chairman
Takahiro Abe Executive Officer & General Manager-Operations
Toshiki Oka Executive Officer & GM-IT Planning
Hideki Kikuyama Representative Director
Sector and Competitors
1st jan.Capitalization (M$)
JAPAN AIRLINES CO., LTD.-5.26%7 959
DELTA AIR LINES, INC.-3.26%24 707
RYANAIR HOLDINGS PLC-12.40%19 470
AIR CHINA LIMITED-11.64%13 888
UNITED CONTINENTAL HOLDINGS, INC.-4.62%12 592
CHINA SOUTHERN AIRLINES COMPANY LIMITED-8.44%11 801