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NTT DoCoMo stock has been trading at all-time lows, however, DoCoMo is increasingly being viewed as a value play and it may be breaking out of its trading funk. Its ordinary shares shot up 3.51% today to close at 177,000 yen on strong volume not seen since a breakout on January 5th this year when it traded at 193,000 yen.
Converting its ordinary shares using an exchange rate of Y117/US$1 and accounting for its ADR listing ratio of 100:1, its Friday close in Tokyo equals $15.13 (gain), where its currently trading in the U.S. intraday, up 4.27%. A Nikkei Shimbun article published today cites number portability, which will be available in Japan this fall, and Softbank?s forthcoming market entry via its purchase agreement of Vodafone as having kept downward pressure on DoCoMo?s share price.
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we been been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!