PSA Today Feb 18: Hit by Apple's guidance / Apple considered / China mobile gaming spend strong / Trend Micro's FY19 results – Nikkei -1.40%
Japan Market Comment by Pelham Smithers and Thao NguyenNikkei ¥23,193.80 (-¥329.44 / -1.40%); Topix ¥1,665.71 (-¥22.06 / -1.31%); ¥/$109.76
Tags: Apple (AAPL US), Taiyo Yuden (6976 JT), TDK (6762 JT), Murata (6981 JT), Sony (6758 JT), Lasertec (6920 JT), Screen Holdings (7735 JT), Advantest (6857 JT), Tokyo Electron (8035 JT), Recruit (6098 JT), Internet Initiative Japan (3774 JT), Sansan (4443 JT), TIS (3626 JT), Cybozu (4776 JT), V-Cube (3681 JT), Deutsche Telecom (DTE GY), T-Mobile (TMUS US), Sprint (S US), SoftBank Group (9984 JT), Oyo (pvt.), WeWork (pvt.), Hikari Tsushin (9435 JT), T-Gaia (3738 JT), Sumitomo (8053 JT), HonHai (2317 TT), Pegatron (4938 TT), Trend Micro (4704 JT)
Main Points
• Apple guidance hits equities
• Apple – the readthrough from the readthrough
• China mobile gaming spend strong
• Trend Micro’s FY19 earnings miss but we remain positive
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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