PSA Today Aug 9: GDP boost / Fujifilm / Daifuku/ IHI / Mercari - Nikkei +0.44%
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Thao NguyenNikkei ¥20,684.82 (+¥91.47/ +0.44%); Topix ¥1,503.84 (+¥5.18 / +0.35%); ¥/$106.22
Tags: Bandai Namco (7832 JT), Nexon (3659 JT),Toray (3402 JT), Fujifilm Holdings (4901 JT), Daifuku (6383 JT), IHI (7013 JT), Mercari (4385 JT)
Main Points
• Nikkei higher on GDP boost
• Fujifilm share decline may be unwarranted
• Daifuku falls on strong demand / weak profits, while IHI recovers
• Mercari falls sharply on wider than expected loss
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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