PSA Today Apr 19: 22,000 held / Trade / SPE Demand up on Made in China 2025-Demand; Marumae / SMM leads nonferrous names higher / Murata's EV Capex / TSMC's guidance/SBI Holdings preview / EVs at Beijing auto show – Nikkei +0.15%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Thao NguyenNikkei ¥22,191.18 (+¥32.98 / +0.15%); Topix ¥1,750.18 (+¥0.51 / +0.03%); ¥/$107.42
Tags: Fanuc (6954 JP),Tokyo Electron (8035 JP), Komatsu (6301 JP), Hitachi Construction Machinery (6305 JP), Marumae (6264 JP), Applied Materials (AMAT US), Sumitomo Metal Mining (5713 JP), United Company Rusal (486 HK), Norilsk Nickel (GMKN RX), IRuniverse (priv.) Tesla (TSLA US),Toho Zinc (5707 JP), Mitsui Mining and Smelting (5706 JP), Mitsubishi Materials Corp (5711 JP), Showa Denko (4004 JP), Murata (6981 JP), Sony (6758 JP), Yageo (2327 TT), Semco (009150 KS), TDK (6762 JP), Taiyo Yuden (6976 JP), Kyocera (6971 JP), TSMC (2330 TT), Shin-Etsu Chemical (4063 JP), SBI Holdings (8473), SBI Securities, Toyota (7203 JP), Honda (7267 JP), Nissan (7201 JP) , CyberAgent (4751 JP), istyle (3660 JP), GREE (3632 JP), GungHo Online Entertainment (3765 JP)
Main Points at a Glance
• Weak yen, market remains above 22,000
• Trade with China fuelled by China’s Made in China 2025…
• …Interesting feedback from micro-cap SPE-related Marumae’s results meeting
• Sumitomo Metal Mining Leads Non-ferrous Shares Up
• Murata to spend ¥100bil on EV component capacity
• TSMC Guides for 10%~15% Sales Growth
• The impact of the 4Q performance at SBI Securities on SBI Holdings’ results
• EVs to Shine at Beijing Auto Show
• The internet sector retreats; GREE of interest
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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