PSA Today 18 Aug: Higher despite Wall St's decline / June machinery orders / Toyota ups prod plans / China's EV market / TIS at all-time hi – Nikkei 225 +0.59%
Japan Market Comment by Pelham Smithers, Julie Boote and Lindsay WhippTags: Toyota Industries (6201 JT), Fujifilm (4901 JT), M3 (2413 JT), Murata (6981 JT), Nidec (6594 JT), Mazda (7261 JT), Mitsubishi Electric (6503 JT), Eisai (4523 JT), Seagen (SGEN US), Chugai Pharmaceutical (4519 JT), OBIC Business Consultants (4733 JT), EF-On Inc, Honda (7267 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Telsa (TSLA US), Nio (NIO US), Wuling Motors Holding (305 HK), TIS (3626 JT), Nomura Research Institute (4307 JT) Itochu Techno Solutions (4739 JT)
Main Points
· Economic data, analyst upgrades send Tokyo higher despite Wall Street’s decline
· Japan June machinery orders better than expected
· Toyota raises CY2021 production target
· China’s EV market is booming – but Japanese automakers are struggling
· TIS Inc closes at all-time high
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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