Japan’s little-known Nikkei 500 hits record high, outperforms US S&P 500

first_imgJapanese equities in general lag behind their Wall Street peers, with many foreign investors staying away from the market because of a perception of lacklustre performance.But the Nikkei 500 looks much different, and trails only the likes of tech indexes, such as the Nasdaq.The 500-company index includes many firms that are popular with investors and have solid earnings growth – such as game company Nintendo, motor maker Nidec, electronic parts maker Murata, factory automation product company Keyence and furniture store chain operator Nitori.Comgest’s Kaye says the index is “biased towards good companies” and tends to include companies that are innovative, have high return-on-equity (ROE) and a high percentage of overseas sales. Some fund managers say it may be a superior benchmark compared with the better-known Nikkei average.“It might be the best index that reflects the Japanese market,” said Yasuo Sakuma, chief investment officer at Libra Investments.Compared to the Nikkei 225, which still includes a lot of old economy firms, the 500 index better reflects changes in Japan’s industrial structure and the economy’s shift to the service industry.The strong performance of the Nikkei 500 shows the market is now driven by companies that can grow profits without a weaker yen, rather than by exporters such as carmakers, Sakuma said.“Looking ahead, I think the Nikkei 500’s outperformance will continue because its advantage could grow even bigger if regulation reforms and digitalisation progresses under Prime Minister Yoshihide Suga.”Topics : The Nikkei 225 share average, Japan’s best-known stock benchmark, on Monday still stood 40 percent below its historic peak hit three decades ago, while its lesser-known sibling, the Nikkei 500, surged past its previous peak to a record high.The Nikkei 500 has gained 7.7 percent so far this year, compared with a 0.6 percent fall in the Nikkei 225. In dollar terms, the 500 has risen more than 11 percent, handily beating 2.1 percent gains in the US S&P 500.“The Nikkei 500 is showing one of the greatest performances among the world’s major stock indexes. Its chart shows that if you invest carefully in Japanese stocks, you can actually outperform the S&P 500,” said Richard Kaye, portfolio manager at French asset management firm Comgest.last_img read more

These four locations are the best bet for property investors this year

first_imgTerry Ryder“Four of the core suburbs of this region have each sold over 390 houses in the past 12 months. Three of the four have median house prices below $370,000. The Moreton Bay Region, which covers the Brisbane metropolitan area’s urban sprawl in the northern growth corridor heading to the Sunshine Coast, offers affordable housing as well as good rail and road links to Brisbane to the south and the Sunshine Coast (and beyond) to the north.The Sunshine Coast was on the list for its strong population growth, billions in infrastructure development including the university hospital, light rail proposal and the airport upgrade “Having previously been hampered by a struggling tourism economy, an over-supply of dwellings and poor affordability, the coast moved into a strong growth phase, which continued in 2015 and 2016,’’ Mr Ryder said.“The tourism industry is stronger; the market is more balanced in terms of supply–demand; previous price decline has made property more affordable; apartments are increasing in popularity with both home-buyers and investors; and some serious infrastructure is being built in the area. ‘’He said the Redcliffe Peninsula was still affordable for houses and units, it had big infrastructure spending, including the new Moreton Bay regional University Precinct.Mr Ryder said it was one of the fastest developing places in Australia. “The Peninsula offers affordable dwellings, proximity to Brisbane and the laid-back atmosphere of a bayside village,’’ he said. Queensland has plenty of good investment options according to Terry Ryder.Queensland has more locations than any other state in Australia for property investors chasing potential price growth.The latest Hotspotting National Top Ten Best Buys for 2017 nominated four Queensland locations, Moreton, Sunshine Coast, Redcliffe and Townsville as being among the ten places nationally that were the “pick of the crop’’.Each was selected, according to report author, Terry Ryder, because they were locations with growth drivers that would achieve capital growth above the norm in the future.“They are places on the cusp of a phase of good capital growth,’’ he said.“They’re locations with identifiable drivers of demand for real estate, which will placepressure on prices and rents. Mr Ryder was not surprised to see so many Queensland locations in his top ten.“I think it’s an evolution of the market from the situation that predominated for the last few years when we were talking all about Sydney and then Melbourne. Sydney is very much past its peak and is winding down, Melbourne is still producing good figures but it’s past its peak as well, I think,’’ he said.As a result people had started to look for alternatives and one of the big factors was affordability.“There is lots of evidence of people looking toward Brisbane and south east Queensland for affordable alternatives and better rental yields. I think that’s where people are expecting is where they are going to find the growth moving forward.Mr Ryder also included Townsville in that category. “If you look at the current and recent number you wouldn’t buy there, buy we always look to the future and Townsville is shaping up for a very strong recovery from maybe three years where it was affected by locally felt factors – the impact of the downturn in the resources sector, the closure of Clive Palmer’s Nickel refinery and all of those things.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago“But it is really starting to fight back strongly and I think 12 months from now its numbers will start to look a lot more positive. Smart investors will buy while markets are down, knowing that they will improve in the near future.’’ Mr Ryder selected the Moreton Bay region because it had affordable housing and there was $980 million in spending on new infrastructure destined for the area.“The sales volumes in the suburbs of the Moreton Bay region show the importance of affordability in residential real estate,’’ he said.last_img read more

Entertaining easy in family home with big decks

first_img This family home with parking for 12 vehicles could be your castle The front deck at 6 Sarah St, Loganlea. Picture: supplied.This private highset home has cathedral ceilings, a wood-burning fireplace and huge decks for indoor-outdoor living. Owner Margaret Lemon built the house at 6 Sarah St, Loganlea and has loved calling it home for the past 39 years.Ms Lemon said the property was a private sanctuary with plenty of space to entertain and relax. “It’s like paradise,” she said. “You get home from work, open the back doors and all you can hear is birds singing.” The home at 6 Sarah St, Loganlea. Picture: supplied. MORE NEWS: Take a peek inside a $1.5M renovation Ms Lemon said her favourite parts of the home were the spacious front and back decks. “I live on the back deck. Even when I’m entertaining, it’s out on the back deck,” she said. The home sits on an 809sq m block with established gardens and trees, two sheds and even a cubby house for the kids. Downstairs there is covered parking for four cars, a combined bathroom and laundry and a potential living space opening to the back patio.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago The backyard overlooks the private backyard. Picture: supplied.Upstairs there is a living area with fireplace opening to the front deck and an open-plan dining and kitchen area flowing out to the back deck. A hallway leads to the family bathroom and three bedrooms. Ms Lemon said she had renovated the master bedroom, which is now 6m long and has a built-in wardrobe and living space. “It’s an absolutely stunning room,” she said. The property is on the market through Mukhtaar Hashim of Ray White Logan City.center_img Would you swim in a skip bin?last_img read more

DTU Developing Underwater Offshore Wind Robot

first_imgThe Technical University of Denmark (DTU) has inaugurated a laboratory where researchers will complete a modular underwater robot for use on offshore wind farms.The robot will be used for inspection, and the long-term vision is that it will be able to carry out underwater repairs on wind turbine and oil rig foundations.“We have a vision of creating a modular robot that is simple to operate—without the need for technical experts. Initially, it will be able to inspect and monitor, for example, the condition of the foundation of a wind turbine under water—or an ocean fish farming plant. In the long term, the intention is for the modular robot—which comprises several independent robots (modules) that can both work coupled together and individually—to also carry out repairs on the foundation,” said Associate Professor Roberto Galeazzi, DTU Electrical Engineering.Denmark’s robot researchers have developed the first prototypes of such an underwater robot at DTU’s REMORA laboratory.“Others are working on similar projects, but our robot differs in one key area. It is modular—which means that each individual part of the robot is able to work alone—or together with other modules. Working in unison, the robots can draw on each other’s functions, thereby becoming fully autonomous. For example, if a robot has problems with his propeller, it can connect with a second module and move using its propeller. The same applies to many other areas—for example in relation to having sufficient battery performance,” said Galeazzi.Using just a single module, the modular robot can install and replace sensors in a subsea docking station placed on the foundations of a wind turbine to provide continuous monitoring, DTU said.“The underwater robot will have the great advantage that it can be permanently installed on an underwater foundation where it can monitor and operate independently of the weather conditions. It can function autonomously and with a high degree of flexible and reliability—qualities that are much sought-after by both the offshore industry and fish farming. We therefore look forward in the near future to present the first prototype of an underwater robot,” said Professor Mogens Blanke from DTU Electrical Engineering—acting supervisor for a few of the PhD students participating in the research.last_img read more

Bomin to Exit Singapore and Antwerp Bunker Markets

first_imgSupplier of marine fuels, the Bomin Group, has decided to exit the bunker markets in Singapore and Antwerp ahead of the 2020 sulphur cap.Following this move, the company will operate from Houston and Hamburg offices, serving its customers in all German ports, the US Gulf Coast, Panama, Norfolk, and Ecuador.“The Bomin Group is in a transformation and restructuring process and intense competition and low margins characterize the situation in all major ports,” Jan Christensen, Managing Director of Bomin Group, said.“We see many bunker companies making major adjustments to their operating models in preparation for IMO 2020.”The company informed that the closure of operations in Singapore and Antwerp are scheduled to take place this year.last_img read more

JAXPORT Receives Cruise Ships Displaced by COVID-19

first_imgFour cruise ships will dock at JAXPORT and remain at the port during the cruise industry’s voluntary suspension of US cruise operations due to coronavirus, the Jacksonville Port Authority said.On Friday, the Cruise Lines International Association (CLIA) said its ocean-going cruise lines will be voluntarily and temporarily suspending cruise ship operations from and to US ports of call for 30 days while the authorities are addressing the pandemic.One of the four cruise ships is Carnival Ecstasy, which is regularly homeported in Jacksonville and is already in port.The additional three ships — Norwegian Sky, Norwegian Pearl and Norwegian Gem — are not regularly homeported at JAXPORT. They will arrive in Jacksonville with only crew members on board and then lay idle due to berth capacity constraints at PortMiami, where all three vessels are regularly homeported.As informed, the crew will remain on the vessels while the ships are in Jacksonville unless an exception is deemed necessary by U.S. Customs and Border Protection (CBP).Carnival Ecstasy arrived at JAXPORT on March 13. Following passenger debarkation, the vessel and its crew will remain docked at the ship’s regular location at the JAXPORT Cruise Terminal.Norwegian Cruise Line’s Norwegian Sky arrived at JAXPORT’s Talleyrand Marine Terminal during the weekend, and Norwegian Pearl is scheduled to dock at the port’s Dames Point Marine Terminal later this week.An additional vessel, Norwegian Gem, will dock at JAXPORT’s Blount Island Marine Terminal. The arrival date for that vessel is still being determined.The vessels and their crew must be cleared by the U.S. Coast Guard and CBP upon their arrivals in Jacksonville, which is standard procedure, according to the port authority.“We are committed to doing our part to support our fellow Florida ports and our partners in the cruise industry during this time,” said Eric Green, JAXPORT CEO, commented.“We will continue to work closely with our federal, state, and local agencies to monitor the situation and adjust operations as needed.”Idling at a port rather than at sea increases fuel efficiencies and provides easy access to necessary provisions for crew members and ships.last_img read more

Efforts to construct a new Wesley High School has suffered another setback

first_img Share Tweet 20 Views   no discussions Sharing is caring! LocalNews Efforts to construct a new Wesley High School has suffered another setback by: – July 8, 2011center_img Share Share Present location of Wesley High School. Photo credit: Flickr.comChairperson of the Methodist School Board Reverend Calvin Greenaway says land earmarked for the construction of the Wesley High School has been deemed inappropriate.He told a graduation ceremony that after many years of trying “we still are not able to say that a new Wesley High school is around the corner. There have been many setbacks and only a few weeks ago we learnt of another setback. The biggest happen to be allocation of the land,” he said.He said “we have gone through many locations which we have signed off on with government but each one was earmarked for something else that somebody had missed,”He said many are losing hope but they should hold on.Dominica Vibes Newslast_img read more

Giggs gets hair transplant after losing locks at Man Utd

first_img Loading… Ryan Giggs underwent hair transplant after the “stress” of playing for Man United made him lose his locks. The Red Devils legend, 46, told how playing top-flight football for 24 years left him going bald. Promoted Content10 Risky Jobs Some Women Do8 Shows That Went From “Funny” To “Why Am I Watching This”Who Earns More Than Ronaldo?Who Earns More Than Ronaldo?Amazing Ceilings From All Around The World2020 Tattoo Trends: Here’s What You’ll See This Year6 Stunning Bridges You’ll Want To See With Your Own Eyes8 Amazing Facts About Ancient Egypt6 Incredibly Strange Facts About HurricanesBirds Enjoy Living In A Gallery Space Created For Them7 Black Hole Facts That Will Change Your View Of The UniversePlaying Games For Hours Can Do This To Your Body “You are under the spotlight and if you have a bad game you’re aware of the criticism. “Then it becomes a little bit more stressful. And stress is related to hair loss.” Dad-of-two Ryan first started using lasers, lotions and special shampoos to encourage hair growth after visiting a hair clinic in 2009. Following seven years of treatments, he felt the hairs on his head needed  “a bit of a push” so he visited the MHR Clinic in Knutsford, Cheshire, and booked in for a procedure. One of the firm’s first customers, he was so impressed with the results he went on to buy a share in the company. He booked in for a follicle procedure which was done in December 2017. He said of his transplant: “It was straightforward and lasted more or less half a day. You can have a rest during it, if you want. “They numb the areas where you’re going to feel it but you can’t really feel anything. “The recovery period doesn’t take long. You’ve got, not scarring, but a few cuts in the back of your head. “There’s a bit of blood on your pillow for a couple of days and then that goes. That’s it. You go back to the consultant. They take a picture of the area the work was done every month and then you can see real progress. “At three or four months I was thinking, ‘Is that going to be it?’ but Craig, who I’ve known for a long time and trust, told me ‘No there’ll be more, even up to a year’. “It’s a little after a year when you see the final results.”center_img Read Also: Frenedes’ £68m fee holding up Man United switch Ryan kept the operation under wraps and did not tell his team-mates. He said: “Back then people were judging you more than now. “I kept a low profile, staying in the house, wearing a cap if I went out. I told friends and family and their reactions were better than I expected. No-one took the Mick or had a joke. They were more inquisitive about what I’d had to do and when I’d get the final results “This is the first time my team-mates will be hearing about it.” FacebookTwitterWhatsAppEmail分享 And it was old school pals who alerted him to his thinning top — after he celebrated scoring twice against arch-rivals Liverpool at Anfield. Wales boss Ryan explained how he first cut off his long curls to disguise his hair loss. He feared playing when it rained because above-pitch TV cameras would highlight the fact he was going thin on top. Speaking of the match in 2003, Ryan, then 29, said: “We’d won and I was buzzing. “I walked into the pub later and was expecting to hear ‘Well done’ from my mates and all I got was ‘Flippin’ heck, your barnet’s going’. “It was a bit of a shock. It was like, ‘cheers lads’. It was one of those.” Ryan, who played 963 times for United, said the comments made him begin to worry about losing his hair. Ryan, who played 963 times for United, said the comments by pals watching him play made him begin to worry about losing his hair He recalled the moment to staff at MHR Clinic in Knutsford, Cheshire, the hair transplant company he part-owns with former England cricket captain Michael Vaughan and hair restoration expert Craig Henton. He said: “I got a little bit paranoid, especially when I was going to be playing on TV or it was going to rain. “I was almost 30 then. At the end of my teens and in my early 20s I had really thick hair, long hair, curls. “That’s why I started to cut it a bit shorter. I felt the shorter it was, the thicker it looked. It had a big bearing, over the years, on my hair getting shorter and shorter.” Ryan reckons the pressure of top-level football, coupled with Sir Alex Ferguson’s “hairdryer treatment” when the team played under-par, may have accelerated his hair loss. He explained: “Football is stressful. You put yourself under pressure. You’re aware of the consequences if you lose a game or don’t play well.last_img read more

Roxas buy-bust nets P500-K ‘shabu,’ guns

first_imgTwelve sachets ofsuspected shabu valued at around P500,000 were seized from 18-year-old JohnMichael Labesora and 46-year-old Raymond Galicto, according to Roxas Citypolice station spokesperson Master Sergeant Ramil Arcangeles.           ROXAS CITY – Twodrug suspects were arrested in a buy-bust operation in Barangay Lawaan. Labesora andGalicto were nabbed after they sold suspected illegal drugs to an undercoverofficer for P6,000 around 6:30 a.m. on Friday, police said.  John Michael Labesora and Raymond Galicto sit handcuffed after they were arrested in an antidrug operation in Barangay Lawaan, Roxas City, Capiz on Friday. GLENN BEUP/PNcenter_img Aside fromsuspected shabu, a .38-caliber revolver with live bullets was recovered fromLabesora while a .45-caliber pistol with magazine and live bullets was alsorecovered from Galicto, the police added. Their two motorcycles were impounded,too. The suspects weredetained in the lockup cell of the Roxas City police station, facing chargesfor violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of2002 and, Republic Act 10591, or the Comprehensive Firearms and AmmunitionRegulation Act./PNlast_img read more

Liverpool manager Klopp extends contract to 2024

first_imgRelatedPosts Lampard: I still have confidence in Tomori Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Liverpool manager, Juergen Klopp, has agreed a contract extension until 2024, the English Premier League club announced on Friday.Former Borussia Dortmund manager Klopp took the reins at Liverpool in October 2015 and guided them to back-to-back UEFA Champions League finals in 2018 and 2019.They won their sixth European cup last season.“For me personally this is a statement of intent, one which is built on my knowledge of what we as a partnership have achieved so far and what is still there for us to achieve,” Klopp said in a statement on the club’s website.“When the call (to manage Liverpool) came in autumn 2015, I felt we were perfect for each other. If anything, now I feel I underestimated that.“It is only with a total belief that the collaboration remains totally complementary on both sides that I am able to make this commitment to 2024.”The club said the German manager’s assistants Peter Krawietz and Pep Lijnders had also agreed new deals.Klopp took Liverpool to the brink of their first-ever EPL title last season, finishing a point behind champions Manchester City.This season, they are well poised to end their 30-year wait for a top-flight league title after going unbeaten in the first 16 games.They have an eight-point lead over second-placed Leicester City.Tags: Juergen KloppLiverpoollast_img read more