PSA Today Aug 10: Market worries / GMO Internet changes strategy / LiB Separators: changing the guard / Nexon's great pipeline/ DENA miss - Nikkei -1.33%
Japan Market Comment by Pelham Smithers, Joel Scheiman and Thao NguyenNikkei ¥22,298.08 (-¥300.31 / -1.33%); Topix ¥1,720.16 (-¥20.00 / -1.15%); ¥/$110.98
Tags: W-Scope (6619 JP), Toshiba Machine (6104 JP), Mercari (4385 JP), Fujifilm (4901 JP), Xerox (XRX US), GMO Internet (9449 JP), Toray (3402 JP), Asahi Kasei (3407 JP), Sumitomo Chemical (4005 JP), Nexon (3659 JP), Pixelberry, GungHo Online Entertainment (3765 JP), mixi (2121), DeNA (2432 JP), Nintendo (7974 JP), NetEase (NTES US)
Main Points at a Glance
• Nikkei falls on currency, trade worries
• GMO Internet changes strategy
• Reversal of Fortunes in LiB Separators
• Nexon reports relatively good earnings vs peers and boasts an impressive pipeline
• DeNA’s FY18 Q1 results miss
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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