Sekisui House, Ltd.
TYO:1928 ISIN:JP3420600003
Sekisui House, Ltd. is a Japan-based residential housing and heavy construction company. Through its subsidiaries, the Company operates in four business segments. The Industrialized House Construction segment is engaged in the design, construction and contract work of steel frame, wood frame and concrete houses and low-rise apartment buildings. The Real Estate Sales segment is engaged in the sale of land and houses, the purchase and sale of commercial buildings, as well as the urban renewal business. The Real Estate Leasing segment is engaged in the leasing and management of detached houses, low-rise apartment buildings, condominiums, commercial buildings and shops. The Others segment is involved in the design, construction and contract work of condominiums and commercial buildings, as well as the design, construction and remodeling of houses, landscape and gardens. The Company has 82 subsidiaries and six associated companies.
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Australian Market Report of September 10, includes; Diploma Group LLC (ASX:DGX) signs a contract for AED$60 million to construct a new government office building in the United Arab Emirates, Breakaway Resources Limited (ASX:BRW) completes four diamond drill hole as part of a joint venture with BHP Billiton (ASX:BHP), Cockatoo Coal Limited (ASX:COK) has entered into an Exclusivity Agreement with Mitsui & Co. Ltd (TYO:8031) (NASDAQ:MITSY)and Lend Lease (ASX:LLC) has entered into an Implementation Agreement with Sekisui House Australia Holdings Pty Ltd, a subsidiary of Sekisui House Limited (TYO:1928).
The encouraging Asia and US economic news overnight gave a strong lift to Wall Street. The Australian shares delivered a firm opening on Friday and the market is expecting more upbeat data from China today.
Asian share markets closed sharply lower on Monday with investor sentiment sharply dented by a worse-than-expected contraction in the U.S. economy. In Hong Kong, Hang Seng Index fell 3.86 per cent, dragged by the slump in U.S. stocks to new bear market lows Friday and concerns over HSBC. Japan's Nikkei-225 was down 3.8 per cent, while South Korean stocks closed 4.16 per cent lower. But Shanghai shares bucked the regional trend, closing up 0.51 per cent, as government stimulus plans boosted real estate and cement stocks.
Australian share closed at their five-year low point. The benchmark S&P/ASX200 was down 0.1%, or 4.1 points, at 3327.5, while the broader All Ordinaries index also fell 0.1%, or 3.5 points, at 3281.5.
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