PSA Today 30 May: High-val stocks rebound / What next for flip chip packages? / Defense stocks and ESG – Nikkei 225 +2.19%
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Thao NguyenTags: Nvidia (NVDA US), Marvell Technology (MRVL US), Lasertec (6920 JT), Hoya (7741 JT), Recruit (6098 JT), Keyence (6861 JT), JSR (4185 JT), Sysmex (6869 JT), Daikin (6367 JT), Rakuten (4755 JT), KDDI (9433 JT), IIJ (3774 JT), Sony (6758 JT), Nippon Avionics (6946 JT), Mercari (4385 JT), Shinko Electric (6967 JT), Ibiden (4062 JT), Unimicron (3037 TT), Intel (INTC US), Advanced Micro Devices (AMD US), MHI (7011 JT), IHI (7013 JT), KHI (7012 JT)
High Valuation Stocks Lead Tokyo Rebound During US Long Weekend
With US markets on holiday today, Tokyo had its most NASDAQ-like trading session for some time. Positive responses last week to earnings from SOX names Nvidia (NVDA US) and Marvell (MRVL US) encouraged buying in semiconductor-related names such as Lasertec (6920 JT) (¥18,625 +5.5%) and Hoya (7741 JT) (¥14,025 +2.4%), but it was the good performance of high valuation growth plays such as Recruit (6098 JT) (¥4,694 +6.7%) and Keyence (6861 JT) (¥51,640 +5.3%), which caught the eye. In electronic materials, JSR (4185 JT) (¥4,035 +3.5%) continues to rise following its impressive medium-term explanation last week.
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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