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TCL Associates

Chuo-ku, Tokyo, Japan

Member since August 23, 2013


  • TCL Associates Recruits American Equity Researchers

    Communication, Communication Design

    Howard Richardson, Hugh Griffin, and Graham Meyers will join the staff at TCL Associates. They will research small and mid-cap mutual funds, commodities, and the forex markets. TCL Associates announces the hiring of three Americans; Howard Richardson, Hugh Griffin, and Graham Meyers. The new hires will be based in Tokyo, but will focus on different sectors and indices in the United States. The new hires will be effective Monday September 16th. Howard Richardson will focus on small and mid-cap mutual funds. He joins TCL Associates from Merrill Lynch, where he worked for eight years of buy side trading experience. Prior to that he was an analyst at JP Morgan. He obtained his undergraduate degree from New York University in finance, and then continued on to Dartmouth for his MBA. Hugh Griffin will research on commodities, with a heavy focus on precious metals especially gold, silver, and platinum. He believes that because of supply issues in South Africa, platinum will be one of the best performing commodities next year. Hugh joins TCL Associates from Citi Group where he spent eleven years as a commodities analyst. He received his undergraduate degree from Duke University, and then stayed at Duke to obtain masters in economics. Graham Meyers will research the Forex market, with a heavy emphasis on emerging market currencies. He joins TCL Associates from Wells Fargo, where he spent six years as a sell side currency trader. He attended the University of Penns...
  • TCL Associates Focus On Asia As Markets Continue to Climb

    Communication, Communication Design

    The Chinese markets traded higher as they published data showing that industrial output and retail sales increased in August. Japan continues to climb on the back of their successful Olympic bid, and Australia´s new government has increased business confidence. In China the Shanghai Composite rose 1.2% and in Hong Kong the Hang Seng climbed one percentage point. As Chinese authorities released more positive data, they stated that industrial output climbed 10.4% in August, beating the forecasted 9.9% increase. Retail sales have also increased 13.4% in August, up from an increase in 13.2% in July. China Coal Energy Company Ltd gained nearly 7%, Lenovo group traded 3.8% higher and CITIC Pacific Ltd climbed to 4.8%. Financial shares traded higher as investors speculate that lenders will be able issue preferred shares to raise capital. Bank of Communications Co. 1.7% and China Merchants Bank Co. jumped 3%. China Mobile Ltd rose 1.3% ahead of a predicted announcement that they will sell Apple's iPhone. TCL Associates’ analyst have put a strong buy rating on China Mobile as they believe the new iPhone will generate massive profit for both them and Apple. The Nikkei Stock Average added 1.5%, after climbing 2.5% in the previous day's trading session because of Tokyo winning the bid for the 2020 Summer Olympics. The effect this had on shares yesterday continued today. Construction firms profited from the expectations of demand that the event will create. Kajima Corp. soar...
  • The American auto industry has made a radical turn around in the over the last year, TCL Associates analysts are predicting huge upsides for Ford and General Motors as the industry experiences its best year of sales in more than a decade. It has been five years since the start of the finical crisis, in that time American auto manufactures have gone from bankruptcy to boom. In August 1.5 million cars were sold, the most in one since May 2007 and the annual selling rate has surpassed 16 million, the quickest rate since October 2007. Analysts at TCL Associates interpret this to signal the best year for auto manufactures since the 90s. Over the past twelve months Ford has climbed 31% and General Motors is up 24%, compared to the 16% gain of the S&P 500 index. Analysts at TCL Associates predict strong sales throughout the rest of the year driving the stock prices up another 20% to 30%. They forecast for the end of the year a 20% gain for GM setting a target share price of $43 and a 30% gain for Ford setting a target share price of $22. Last year Ford, GM and Chrysler, had a combined profit of $13.5 billion, which resulted from leaner companies, restructured operations, less debt, and improved product lines. The improved profits are coming from cars that once lead losses such as family sedans. Before the crisis the strongest auto sales were of sport utility vehicles and pickup trucks, but since then demand has shifted to smaller cars with better gas mileage. Sales of t...
  • After rallying on Monday and Tuesday, the Asian markets fell over worries of military intervention in Syria. The yen weakened helping Japanese shipping firms. Bank of America sold its stake in China Construction bank as more American funds flow out of Chinese financials. Despite being given a positive lead in by Wall Street the Asian Markets broadly declined after the potential of a US strike on Syria returned to the forefront. Speaker of the House of Representatives, John Boehner stated that he supports President Obama demand for intervention in Syria. The Heads of the Senate Foreign Relations committee has also authorized a limited military strike against the country. It is expected to be voted on by the full Senate next week. The Chinese markets retreated after positive PMI data from Europe and China boosted the Hang Seng more than 4% on Monday and Tuesday. On Wednesday in Hong Kong, the Hang Seng declined 0.3%, but the Shanghai Composite on the mainland managed to climb 0.2%. China Construction Bank fell 1.4% after Bank of America sold its stake in the lender for $1.5 billion. In Tokyo, The Nikkei Stock Average gained 0.5% as the yen continued to weaken. It is currently trading at 99.62 yen to the dollar from 99.57 yen to the dollar on Tuesday. The positive PMI data and weakened yen also helped to boost Japanese shipping companies. Kawasaki Kisen Kaisha jumped 3.1% and Mitsui OSK Lines gained 2.1%. Honda Motor Co. climbed 0.6% after reporting that it will raise its ...
  • TCL Associates Takes Short Term Position in Gamestop

    Communication, Communication Design

    TCL Associates has identified Gamestop, a video game retailer, as having major upcoming catalyst that will drive the stock higher. Microsoft and Sony will be competing as they release new consoles, but whoever win Gamestop will profit. Gamestop has endured more than two years without many new video game platforms on older platforms, but now the retailer is about to have a slurry of catalysts that will drive the stock higher. Both Microsoft and Sony will release new consoles later this year as well as many releases from popular game franchises. TCL Associates analysts have set a target share price of $65, for January of 2014, after the upsurge of holiday and post-holiday sales, and $75 for the end of 2014. In mid-November, Sony will release the Playstation 4 and Microsoft will release the Xbox One, but before this happens. There will be a final release of major games for the old generation consoles, in September Take Two Interactive will publish Grand Theft Auto 5, and Electronic Arts in October will put out Battlefield 4. Gamestop is positioned better than other retailers to take advantage of these market catalysts. The company forecasts profits in the upcoming quarter to increase by 45% from the same period a year earlier. When the Xbox 360 was released in 2005, the Gamestop´s market value increased by nearly 50% by the time the Playstation 3 was released a year later. Over the next year the share priced doubled. The company is even better positioned to take advantage...
  • Since 2012 the property market in Indonesia has been booming. TCL Associates has decided to take the opportunity to enter the market and create an REIT. They will finance the construction of a hotel and purchase several office buildings. The property market in Indonesia has boomed over the past few years with property prices sky rocking last year. Despite the debt crisis in Europe and the general global economic slowdown Indonesia´s economy has grew by 6.2% in 2012 attracting a slew of foreign investment. The positive economic conditions, and an ever growing middle class has driven domestic demand higher., leading to boost in confidence of property developers causing property prices to soar in the country. Rental rates and sale prices have risen on average 10% to 20% last year. The strong economic conditions and improved sentiments among investors have created significant demand for office space in Jakarta´s business district, where office rentals and occupancy rates have increased more than 95% in 2012. At the same time, an increase in domestic consumption has caused local retailers to expand their operations, also driving occupancy rates and increasing rental rates of retail locations. The tourism sector has also improved in the last year, creating demand for new hotel projects. TCL Associates’ real estate investment trust will begin by financing the construction of a 4 star hotel that will be completed in the first quarter of 2015. The firm expects these to be extr...
  • TCL Associates Chairman Souta Tochigi, and selected senior staff members will attend the European Business Research Conference in Rome from the 5th to 6th of September. TCL Associates is pleased to announce that Chairman Souta Tochigi and several senior management officials will be travelling to Rome next month to attend the European Business Research Conference. The conference is being organized by The World Business Institute and The European Centre for Business and Economic Research and will take place from the 5th to the 6th of September in Rome. The goal of the conference is to enhance research methodology and educate financial professionals. The conference is intended for financial professionals working in corporate and academic settings. It will be of interest to those wishing to further their core research knowledge. There is no better way than to hear real case studies and experiences of financial professionals. The event will display numerous academic viewpoints on economic development and policy, monetary and fiscal policies, macroeconomics issues, derivatives markets and products, risk managements processes, amongst other topics. “I am pleased that my senior members of staff and I are able to attend the European Business Research Conference. I am sure that hearing the case studies and experiences of other professionals will enable our staff to develop cutting edge research methodologies and help to build our success oriented business strategies to provide ...
  • The European Markets fell slightly on Tuesday as investors are concerned of taking new positions before the release of the Fed´s meeting minutes. GSW Immobilien jumped significantly on the back of an all share bid. The Pan European Stoxx Europe 600 fell on Tuesday to its lowest closing level this month, dropping 0.8% to 302.25. Analysts at TCL Associates suggest investors are apprehensive about taking any positions before the release of the latest minutes from the United States Federal Reserve meeting on Wednesday. It is difficult to forecast what will happen, last week there was a large sell off after the release of strong data on employment that suggests tapering will soon take effect. Most country specific indices were down in Europe on Tuesday. In London the FTSE 100 Index fell to 6,453.46 points losing 0.2%, the German DAX 30 Index lost 0.8%, and in Paris the CAC 40 Index declined 1.4%. Shares of the mining firm BHP Billiton PLC declined 1.7% after the firm saw a decline in net profit of 20% for the fiscal year ending in June, while revenue declined 8.7%. But another mining giant Fresnillo climbed 2.25% as it prepares a dividend payment. The oil services firm John Wood Group PLC declined 8% after readjusting its growth range to 10% from 15%. Drug manufacturer Novartis AG rose 1.4% after the American Food and Drug Administration gave “breakthrough” status to one of its treatments for the treatment of patients with sporadic inclusion body myositis. Online gamblin...
  • The Japanese market performed well on the back strong finish on Wall Street and due to rumors of a cut in corporate tax on Wednesday. While the Commonwealth Bank of Australia dropped after posting positive results. Aug. 15, 2013 - CHUO-KU, Japan -- In Tokyo the Nikkei Stock Average gained 1.3% boosted by strong buying the afternoon, after faltering in morning trading. Matthew Stevens, an Analyst at TCL Associates attributed the gains in Japan to rumours that Prime Minister Abe is considering lowering corporate tax rates to counter act the rise in sales tax. South Korea’s Kospi rose 0.6% while, the Chinese Shanghai Composite fell 0.3%. Australia´s S&P/ASX 200 ended with a marginal loss. Trading in Hong Kong was suspended due to a typhoon which generated a force 8 warning from the Hong Kong Observatory. The Commonwealth Bank of Australia declined 1.2%, even though the bank reported record profits for the year ending June 30th and increased dividend pay outs. TCL Associates' analysts believe investors were disappointed that the bank did not raise its dividends payments to the top end of its 70% to 80% range. Other Australian banks rose, National Australia Bank Ltd. gained 0.8% and Westpac Banking Corp. climbed 1.1%. In Shanghai construction related stocks lost some of their recent gains. Anhui Conch Cement Co. dropped 1.7%, property developer Gemdale Corp. gave up 0.7% and Citic Securities Co. declined 0.9%. But auto-manufactures helped to boost the market, SAIC Moto...
  • On Thursday, TCL Associates announced the release of its American Conviction Buy List, a freely distributed group of 15 to 30 shares that their team of analysts believe will outperform the market over the coming twelve months. Aug. 16, 2013 - CHUO-KU, Japan -- TCL Associates, a leading equity researcher, on Thursday announced the launching of its American Conviction Buy List, a collection of US traded stocks which TCL Associates expects to perform better than Nasdaq Composite Index, Dow Jones Industrial Average, and S&P 500 Index over the coming 12 month period. TCL Associates has a robust history of excellence in research and the list underscores the premium long ideas developed by TCL Associates’ integral equity research teams. “We are thrilled to launch our Conviction Buy List, and are expecting it will further validate TCL Associates’ high quality research. Our team is comprised of the most highly experienced analysts who are focused on efficiently bringing their highest conviction recommendations to our clients,” said Mr Souta Tochigi, Chairman of the Board of Directors at TCL Associates. “Our focus is to build an idea house with only Wall Street´s tier one talent; in line with TCL Associates’ global sector strengths. The conviction buy list represents our best ideas for investment and demonstrates to our clients and the market that we are engaged in differentiating ourselves by distributing our high quality research,” said Mr Satou Ren an Executive Director a...