PSA Today Feb 13: Covid-19's soar / Nuanced Nexon / Nissan's Q3 profit collapse – Nikkei -0.14%
Japan Market Comment by Pelham Smithers and Julie BooteNikkei ¥23,827.73 (-¥33.48 / -0.14%); Topix ¥1,713.08 (-¥5.84 / -0.34%); ¥/$109.83
Tags: Dentsu (4324 JT), Tokai Carbon (5301 JT), Showa Denko (4004 JT), GMO Internet (9449 JT), Mitsui Mining & Smelting (5706 JT), SoftBank Group (9984 JT), T-Mobile (TMUS US), Deutsche Telecom (DTE GR), Sprint (S US), Nexon (3659 JT), Bandai Namco (7832 JT), Nissan (7201 JT)
Main Points
• Japanese equities continue to drift as coronavirus numbers soar
• Nexon – Slightly underwhelming numbers but excellent in Korea
• Nissan: FY19 Q3 profits collapse on weak sales, forex losses
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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