PSA Today Apr 22: Oil delivers dismal message / Video games / Chemicals and Covid-19 / Worrying about Panasonic / Facebook and Reliance Jio / CyberAgent's Q2 beat / ZOZO flailing – Nikkei -0.74%
Japan Market Comment by Pelham Smithers, Joel Scheiman and Thao NguyenNikkei ¥19,137.95 (-¥142.83 / -0.74%); Topix ¥1,406.90 (-¥8.99 / -0.63%); ¥/$107.59
Tags: Nissan (7201 JT), Hitachi (6501 JT), Subaru (7270 JT), Kyoei Tanker (9130 JT), Meiji Shipping (9115 JT), Nintendo (7974 JT), Square Enix (9684 JT), Denka (4061) Gilead (GILD US), Ube Industries (4208 JT), Kaneka (4118 JT) Fujifilm Holdings (4901 JT), Shin Nippon Biomedical Laboratories (2395 JT), Panasonic (6752 JT), Tesla (TSLA US), CATL (300750 CH), LG Chem (051910 KS), Samsung SDI (006400 KS), Toyota (7203 JT), Philips (PHIA NV), Facebook (FB US), Reliance Jio (India, pvt), WalMart (WMT US), KDDI (9433 JT), Lawson (2651 JT), LINE Corp (3938 JT), SoftBank Corp (9434 JT), CyberAgent (4751 JT), ZOZO (3092 JT), Z Holdings (4689 JT)
Main Points
• Cyclicals slump, defensives rally as oil points to deep downturn
• Panasonic’s worries as failure to “make hay when the sun shone†comes back to haunt
• Facebook to invest in Reliance Jio
• CyberAgent: Q2 earnings beat
• ZOZO revises downward
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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