PSA Today Apr 30: Hello 20k, thanks remdesivir / How much does remdesivir change things? / Murata's 4Q: wow / Denso, Aisin, Nabtesco calls / NRI's forecasts / Cybozu's FY20 numbers delay - Nikkei +2.14%
Japan Market Comment by Pelham Smithers, William Nestuk and Lindsay WhippNikkei ¥20,193.69 (+¥422.50 / +2.14%); Topix ¥1,464.03 (+¥14.88 / +1.03%); ¥/$106.45
Tags: Gilead (GILD US), SoftBank Group (9984 JT), WeWork (pvt), Alibaba (BABA US), Lasertec (6920 JT), Ulvac (6728 JT), Screen (7735 JT), Tokyo Electron (8035 JT), Advantest (6857 JT), SBI Holdings (8473 JT), Shionogi (4507 JT), Roche (ROG SW), Chugai Pharmaceutical (4519 JT), Fujifilm Holdings (4901 JT), Keyence (6861 JT), Murata Manufacturing (6981 JT), Huawei (pvt), Apple (AAPL US), Samsung Electronics (005930 KS), Taiyo Yuden (6976 JT), TDK (6762 JT), Sony (6758 JT), Denso (6902 JT), Toyota (7203 JT), Aisin Seiki (7259 JT), Nabtesco (6268 JT), Nomura Research Institute (4307 JT), Obic Co (4684 JT), Net One Systems (7518 JT), DSB (8692 JT), Australian Investment Exchange (pvt), Cybozu (4776 JT)
Main Points
• US remdesivir trial news drives equity markets higher
• How much does remdesivir change things?
• Murata 4Q FY19 OP +25% YoY
• Denso April sales fall only 50% YoY; Aisin continues write-offs
• Nabtesco posts record Q1 OP +33% YoY on Doors and Robot Gears
• NRI forecasts flat OP and low sales growth for FY20
• Cybozu Q1: signs of accelerated demand; delay to FY20 full earnings
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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