Report

PSA: Diamond Electric (6699 JT) - Q3 FY20 Rebound - Powering UP - Clean Home Energy & EV Chargers

Diamond Electric - New spark ignition orders for FY21 for this global Tier 1 maker as well as restructuring (voluntary retirements, production realignment) will help bring FY21 PER and EV/OP to mid-single digit levels. Further success in home solar energy systems and hopeful EV products could produce double-digit margins. Further improvement from Ford sales recovering to former Y10bil per annum level from current Y3-4bil. Pricing for the upcoming share issue is set this week on March 18. Please see report for details.
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
William Nestuk

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