Osaka Gas (JP): decent buy

| January 17, 2014 | Japan
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Company profile: Osaka Gas (9532) produces and supplies natural gas primarily in Osaka, Kyoto, and Hyogo areas. The Company provides gases and energy products for residential, commercial, and industrial customers. Osaka Gas also constructs and maintains gas supply lines. In addition, the Company sells gas appliances.

The elaborate consolidation phase since early 2013 has ended with the break above 415. The primary uptrend has been resumed with a main target of 506. The Topix EPG sector is somewhat underperforming, so keep all stops nearby (<399). Overall, a decent buying chance but nothing spectacular. Dividend yields are around 2.11% at current levels.

  • Primary trend: positive
  • Outlook: moderately positive
  • Support: 399 / 384-
  • Resistance: 465 / 506*

Weekly chart Osaka Gas (JP:9532)

9532JP_17jan2014

Tags:

Category: Japan