Pelham Smithers Associates Ltd - PSA Today Aug 14th: Strong Yen/June GDP +1.0% QoQ, +4.0% Annualized/Toshiba, Toshiba Memory/Sony, EMI Publishing/Recruits FY17 Q1/Trend Micros FY17 Q2/Avex Off to a Rough Start/Ferrotecs Upward Revision - Ni

Report

Pelham Smithers Associates Ltd

Pelham Smithers

PSA Today Aug 14th: Strong Yen/June GDP +1.0% QoQ, +4.0% Annualized/Toshiba, Toshiba Memory/Sony, EMI Publishing/Recruit's FY17 Q1/Trend Micro's FY17 Q2/Avex Off to a Rough Start/Ferrotec's Upward Revision - Ni

Japan Market Comment by Pelham Smithers, William Nestuk and Thao Nguyen
Nikkei ¥19,537.10 (-¥192.64 / -0.98%); Topix ¥1,599.06 (-¥18.19 / -1.12%); ¥/$109.56
Tags: Daifuku (6383), Yaskawa (6506), Toshiba (6502), Western Digital (WDC US), SK Hynix (000660 KS), Hon Hai (2317 TT), Sony (6758), Recruit Holdings (6098), Trend Micro (4704), istyle (3660), Avex (7860), Ferrotec (6890)
Strong yen sends market lower after holiday
New highs for Yaskawa and Daifuku – again

June GDP up 1.0% QoQ, 4.0% annualized
Toshiba – Issues over payment timings for Toshiba Memory
Sony – Looking to acquire remainder of EMI Publishing?
Recruit Holdings – Good FY17 Q1 but concerns on overseas strategy and high valuations remain
Enterprise drives FY17 Q2 at Trend Micro
Heavy investment burdens continue to weigh on iStyle
Avex off to a rough start
Further upside to Ferrotec’s upward revision

14/08/2017 6 EN

Provider

Pelham Smithers Associates Ltd

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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Analysts

Pelham Smithers

Other Reports from Pelham Smithers Associates Ltd

Hiroyuki Terada ... (+7)

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The PSA Weekly Research Round up for the week to 19 April 2024

Weekly Comment Summary The conclusions of Ben Bernanke’s report on Bank of England forecasting are being echoed in Tokyo, where next week, we will see Japan’s central bank having to square its decision to raise rates with its current inflation forecasts, says Pelham Smithers. PSA Company Visits, Tours and Interviews • Visited / Calls with: Treasure Factory (3093 JT), Curves (7085 JT), Insource (6200 JT) • Presentations at: Fujifilm Holdings (4901 JT), Mitsui Mining & Smelting (5706 JT) PSA Weekly Contents at a Glance Reports / Flash Notes Summaries 1. Koei Tecmo (3635 JT) ...

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Julie Boote ... (+2)

Julie Boote
Pelham Smithers

PSA Today 19 Apr: Israel Iran trouble spooks market / March inflation rate abates / TSMC's lower chip forecast / Nissan lowers FY23 guidance – Nikkei 225 -2.66% | ¥$154.39

PSA Today Japan Market Comment by Pelham Smithers and Julie Boote Tags: TSMC (2330 TT), Tokyo Electron (8035 JT), Lasertec (6920 JT), MHI (7011 JT), KHI (7012 JT), NEC Corp (6701 JT), Hitachi (6501 JT), Astellas (4503 JT), Chugai Pharmaceutical (4519 JT), Sakura Internet (3778 JT), KDDI (9433 JT), Shinko Electric (6967 JT), Nvidia (NVDA US), Advanced Micro Devices (AMD US), Nissan Motor (7201 JT) Main Points • Nikkei 225 drops 1,000+ points on Middle East, TSMC news • Japan inflation slows again in March • TSMC cuts chip market forecast on weak consumer demand • Nissan lowers its FY23 g...

16h / 41m 16h / 41m 1 EN

Hiroyuki Terada

Hiroyuki Terada

PSA Consumer Services: Inbound Tourism Hits Historical High: PSA Ideas

With tourism to Japan booming, we review visitor spending patterns and highlight the beneficiaries of this trend.

17h / 19m 17h / 19m 1 EN

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PSA Today Aug 14th: Strong Yen/June GDP +1.0% QoQ, +4.0% Annualized/Toshiba, Toshiba Memory/Sony, EMI Publishing/Recruit's FY17 Q1/Trend Micro's FY17 Q2/Avex Off to a Rough Start/Ferrotec's Upward Revision - Ni

The PSA Weekly Research Round up for the week to 19 April 2024

PSA Today 19 Apr: Israel Iran trouble spooks market / March inflation rate abates / TSMC's lower chip forecast / Nissan lowers FY23 guidance – Nikkei 225 -2.66% | ¥$154.39

PSA Consumer Services: Inbound Tourism Hits Historical High: PSA Ideas

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