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Shayne Heffernan is an Economist, Trader, Fund Manager and Venture Capitalist based in Asia. He also serves as Editor and contributor at, Founder of The Heffernan Group and currently building the company's financial services business in China. Major shareholder and CEO... More
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  • Shayne Heffernan on Ebara, Japan Railways, Idemitsu Kosan 2 comments
    May 15, 2011 6:33 AM | about stocks: EWJ

    Shayne Heffernan is still bullish on Japan Equities. Tokyo Hot Stocks, Ebara, Japan Railways, Idemitsu Kosan

    According to Shayne Heffernan It is time to start buying Japan Equities as Japan’s Parliament introduces a 4 trillion yen ($49 billion) tsunami recovery budget, but it will cover only a fraction of the cost of what was the world’s most expensive natural disaster ever, and what may become the worlds largest ever reconstruction project.

    The budget will cover the building of new houses for the more than 100,000 people who remain without proper shelter, the massive undertaking of clearing debris and rubble, reconstruction of fishing grounds, and support for disaster-hit businesses and their employers.

    The March 11 magnitude-9.0 earthquake and ensuing tsunami, which wiped out large swaths of Japan’s northeastern coastline, are believed to have caused an estimated $300 billion in damage, making it the most expensive disaster ever.

    Japan listed Idemitsu Kosan TYO:5019 has been upgraded to a strong buy with a 2012 price target of 15,000 JPY issued by Shayne Heffernan.

    Idemitsu Kosan TYO:5019 acquired interests of 10%-40% in oil and gas production licenses in four blocks of Norway’s continental shelf, according to The Nikkei. Through a subsidiary, Idemitsu Kosan Co., Ltd. participated in joint bids with Chevron Corp., BG Group PLC and other partners in a licensing round held by the Norwegian government. The exploration phase will take the coming two to four years, during which development costs and production scale will be determined.

    Idemitsu Kosan Co., Ltd. announced that it has raised its full-year consolidated outlook for revenue from JPY 3,440,000 million to JPY 3,550,000 million, operating profit from JPY 67,000 million to JPY 99,000 million, ordinary profit from JPY 63,000 million to JPY 95,000 million, net profit from JPY 26,000 million to JPY 40,000 million and earning per share from JPY 650.16 to JPY 1,000.24 for the fiscal year ending March 31, 2011. The Company raised its full-year outlook mainly due to the increased price of crude oil. According to Reuters Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 3,450,000 million and net profit of JPY 29,500 million.

    Full Report

    Stocks: EWJ
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  • Clemens Scholl
    , contributor
    Comments (641) | Send Message
    Idemitsu Kosan is interesting because of their Coal and Uranium assets. Especially their interest in CCJ's Cigar Lake mine is probably under most investor's radar.
    I'd be reluctant to invest in JR Central because of the huge costs (more than 60 billion Dollars!) for building the Maglev line.
    15 May 2011, 06:44 AM Reply Like
  • The Aft Deck
    , contributor
    Comments (178) | Send Message
    Author’s reply » Japan is Recovering well given the magnitude of the disaster.
    17 Jun 2011, 04:23 PM Reply Like
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