Report

PSA Today Dec 27: Market led higher by commodity names / hydrogen pricing / wafer shortage / heavies / Nikkei +0.1%

PSA Today Dec 27: Japan Market Comment by PSA Team  
Nikkei ¥22,911.21 (+¥18.52 / +0.08%); Topix ¥1,829.79 (+¥2.78 / +0.15%); ¥/$113.20 
Tags: Canon (7751), ABC Mart (2670), J Front Retailing (3086), Toyota (7203), FuelCell Energy (FCEL), Intel (INTC US), TSMC (2330 TT), Sumco (3436), Shin-etsu Chemical (4063), Apple (AAPL US), Mimasu (8155), MHI (7011), IHI (7013), KHI (7012)  
• Commodity stocks take Nikkei higher on ex-div day 
• Japan government looking to lower hydrogen prices 
• Shortage in wafers in 2018? 
• Mimasu (8155) raises FY17/18 OP target 
• Good day for heavy industry names, IHI (7013) our top pick 

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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