- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Apr 8: A moderate lockdown, market relief / Japan's Covid-10 phoney war / Asahi Kasei's poor housing figures no shock / Nabtesco rising, Daifuku pauses / Kakaku's takeaway gambit assessed / TIS to beat FY19 forecast as expected –
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥19,353.24 (+¥403.06 / +2.13%); Topix ¥1,425.47 (+¥22.26 / +1.59%); ¥/$108.20
Tags: TIS (3626 JT), SCSK (9719 JT), Internet Initiative Japan (3774 JT), Kakaku.com (2371 JT), SBI Holdings (8473 JT), Asahi Kasei (3407 JT), Zoll Medical Corporation (US, pvt.), Nabtesco (6268 JT), Harmonic Drive Systems (6324 JT), Daifuku (6383 JT)
Main Points
• Transportation stocks lead market rally as lockdown worries subside
• Japan’s Covid-19 phoney war
• Asahi Kasei’s 32% housing order drop is not a big surprise
• Nabtesco up 11% over 4 days, Daifuku pausing
• Kakaku.com to expand tabelog Takeout
• TIS to beat FY19 OP forecast, as expected
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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