PSA Today 17 May: Asia rally helps / 1Q GDP preview / Japan, the UK, and the fighter jet / Renesas to restart Kofu / Ferrotec shares surge / Recruit's FY22 f/c – Nikkei 225 +0.42%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao NguyenTags: Ferrotec (6890 JT), Asahi Group (2502 JT), Dentsu (4324 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Nissan Motor (7201 JT), Renault (RNO FP), Rolls-Royce (RR/ LN), IHI (7013 JT), MHI (7011 JT), BAe Systems (BA/ LN), Airbus (AIR FP), Leonardo (LDO IM), Renesas (6723 JT), Applied Materials (AMAT US), Recruit Holdings (6098 JT)
Main Points
• Tokyo gains as China, HK markets rally
• 1Q GDP preview
• Japan, UK in fighter jet tie-up move
• Renesas to restart Kofu plant
• Ferrotec shares limit up
• Recruit forecasts revenue to surpass ¥3tril in FY22
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.
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