Hisaka

Hisaka: technicals. +13% at $0.35, at all time high. Indicators are looking very overbought though.
Hisaka is a mechanical motion components provider, and is a key beneficiary of the semiconductor eqpt spending cycle. Meanwhile, its new Medical and ECO divisions are also firing up, and could provide meaningful new revenue streams going forward...

On the back of firm orders and tight supply, company delivered a strong set of 1H10 results. Revenue grew 368% yoy, while company turned around strongly with a net profit of $4.2m vs $0.9m loss in 1H09.
NRA raised its target to $0.50 from $0.40 last week, maintains Buy. Stock trades at 6.9x fwd PE.