Pelham Smithers Associates Ltd - PSA Today 18 May: Bounce despite weak GDP / Apple: 5G discounts / Casinos in Japan / Chinas auto market / April machine tool numbers / SMCs new President / Money Forward, Amex partnership – Nikkei +2.09%

Report

Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 18 May: Bounce despite weak GDP / Apple: 5G discounts / Casinos in Japan / China's auto market / April machine tool numbers / SMC's new President / Money Forward, Amex partnership – Nikkei +2.09%

Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay Whipp
Nikkei ¥28,406.84 (+¥582.01 / +2.09%); Topix ¥1,907.74 (+¥28.88/ +1.54%); ¥/$108.97
Tags: Tokyo Electron (8035 JT), Dentsu (4324 JT), Recruit Holdings (6098 JT), Bridgestone (5108 JT), Mitsubishi UFJ Financial Group (8306 JT), Daiwa House (1925 JT), BASE Inc (4477 JT), KDDI (9433 JT), Apple (AAPL US), Rakuten (4755 JT), NEC (6701 JT), Galaxy Entertainment (27 HK), Orix Corp (8591 JT), Sega Sammy (6460 JT), Paradise (034230 KS), Las Vegas Sands (LVS US), Wynn (WYNN US), Caesar (CZR US), Toyota Motor (7203 JT), Honda (7267 JT), Nissan Motor (7201 JT), CATL (300750 CH), BYD (1211 HK), Subaru (7270 JT), Okuma (6103 JT), Fanuc (6954 JT), SMC (6273 JT), Siemens (SIE GY), Omron (6645 JT), Rockwell Automation (ROK US), Money Forward (3993 JT), American Express (AXP US), Visa (V US), Recruit (6098 JT), Rakus (3923 JT), Freee KK (4478 JT)
Main Points
• Tokyo bounces despite weak GDP numbers
• Apple pushes for 5G handset discounts
• Is Japan’s casino push dead in the water?
• China fortifies its position as core market among Japanese automakers
• Apr machine tool orders +2.2x YoY; -3% MoM
• SMC new president: impressive
• Money Forward and American Express forge business partnership

18/05/2021 6 EN

Provider

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.

See profile

Analysts

Julie Boote

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today 18 May: Bounce despite weak GDP / Apple: 5G discounts / Casinos in Japan / China's auto market / April machine tool numbers / SMC's new President / Money Forward, Amex partnership – Nikkei +2.09%

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

PSA Media & Entertainment: Square Enix (9684 JT) – Back in Play

PSA Today 1 May: Gains as BoJ leaves rates unch, dollar, bonds up / Genki Hoya / ZOZO FY24, FY25 guidance miss / Healthcare round-up / Nxera interest / Insource April KPIs – Nikkei 225 +1.13% | ¥$144.48

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