PSA Today 17 Oct: Following Wall Street lower / Global mobile phone sales / Sep China auto sales / Shift's unprofitable projects in Q4 – Nikkei 225 -1.16% / ¥$148.63
Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Lindsay WhippTags: M3 (2413 JT), Daiichi Sankyo (4568 JT), Keyence (6861 JT), TSMC (2330 TT), Applied Materials (AMAT US), Tokyo Electron (8035 JT), Advantest (6857 JT), Lasertec (6920 JT), Socionext (6526 JT), Shin-Etsu Chemical (4063 JT), Shinko Electric (6967 JT), ANA Holdings (9202 JT), West Japan Railway (9021 JT), Oriental Land (4661 JT), Honda (7267 JT), Sony (6758 JT), Tesla (TSLA US), Demae-can (2484 JT), Recruit (6098 JT), Mixi (2121 JT), GungHo (3765 JT), Koei Tecmo (3635 JT), BYD (1211 HK), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Honda (7267 JT), Mazda (7261 JT), Shift Inc (3697 JT)
Main Points
• Tokyo follows Wall Street lower as high valuation stocks see profit-taking
• Global mobile phone sales fall 9.2% YoY in week to 9 Oct
• China auto sales rise in September
• Unprofitable projects at Shift provide drag on FY22 Q4 OP
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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