Report

PSA Today Aug 18: Worrying Global Events/TEL, Screen Higher on AMAT Earnings/18 Consecutive Days of Rain for Tokyoites/Daikin/Toyota Launches Car Sharing App/Daifuku/Ferrotec/Gree - Nikkei -1.18%

PSA Today for August 18th Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Thao Nguyen 
Nikkei ¥19,470.41 (-¥232.22 / -1.18%); Topix ¥1,597.36 (-¥17.46 / -1.08%); ¥/$109.81  
Tags: Ishikawa Seisakusho (6208), Nippon Avionics (6946), MHI (7011), IHI (7013), KHI (7012), Tokyo Electron (8035), Screen (7735), Applied Materials (AMAT US), Bic Camera (3048), Moonbat (8115) Daikin (6367), Toyota (7203), Uber, Daimler (DAI GY), BMW (BMW GY), Sixt (SIX2 GY), Gree (3632) 

  • Worrying global events has a sombre effect o n market…  
  • …sending small-cap defense plays higher 
  • TEL, Screen outperform on the back of good numbers from AMAT  
  • Tokyo – Rain, rain, go away… 
  • … for Tokyoites, August 18th is the 18th consecutive day of rain 
  • Weather impact on Daikin 
  • Small news – big implications: Toyota expanding its business into 21st century service operations  
  • Punchy Nikkei article on Daifuku 
  • Big intraday swing in Ferrotec 
  • Nine directors to be reappointed to the Board of Directors at Gree 
Provider
Pelham Smithers Associates Ltd
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. 

Analysts
Pelham Smithers

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