Top five stock performers of Tokyo Market in 2018
January 20, 2019 | Investopaper
Brain Pad Inc. topped the list of the most gaining stock in 2018 in Tokyo market. In the year period, the price surged by 305 percent. Brain Pad uses artificial intelligence to make data analysis to analyse consumption trends for its customers.
The company’s fortune in a share market turned after it reported that its operating profit tripled its own forecast for the second half of 2017 last January. Since then, the stock price has been on a rally.The further increase in profit has assured the investors that the company has an ability to provide good return to their investment.
The best-performing stock in Tokyo quadrupled last year, but its chief financial officer says it’s still cheap.
Brain Pad market value stands at more than $390 million dollar after the price has quadrupled in 2018. Still, the Chief Financial Officer has admitted that the company is undervalued as compared to other AI companies.
See the other top five best performing stocks in Tokyo Market.
Second was Kamkuro Shinsho which price increased by around 200%. It operates portal sites in Japan. Neos Corp. which provides solutions with integrated technologies and services that support businesses came third with more than 150 percent rise in price. Goldwin Inc. which manufactures and sells apparel for men, women, and kids in Japan also showed more than 150% increase in price. Similarly, Land Business Co., Ltd. which develops and sells real estate properties in Japan observed more than 100% increase in price.
