PSA Today Feb 28: Downgrades aplenty / Japan, China slow / Outlook for 10.5G capex / Auto residual values stabilise / Sumi Chem's revision down / Perky Cybozu – Nikkei -0.79%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Lindsay WhippNikkei ¥21,385.16 (-¥171.35 / -0.79%); Topix ¥1,607.66 (-¥12.76 / -0.79%); ¥/$110.80
Tags: Nexon (3659 JT), Amazon (AMZN US), Comcast (CMCSA US), Nintendo (7974 JT), Toshiba (6502 JT), BOE Technology (000725 CH), Sharp (6753 JT), LG Display (LPL US), Hon Hai (2317 TT), Applied Materials (AMAT US), Nikon (7731 JT), Ulvac (6728 JT), Canon (7751 JT), ASML (ASML NA), Toyota (7203 JT), Sumitomo Chemical (4005 JT), Showa Denko (4004 JT), Mitsubishi Chemical Holdings (4188 JT) Rabigh Refining & Petrochemical Company (PETROR AB), Cybozu (4776 JT), Meidensha (6508 JT)
Main Points
• Japan slides as sentiment worsens on analyst downgrades
• Japan, China economies slowing (update)
• Stabilisation of residual values in the US
• Outlook for 10.5G capex
• Sumitomo Chemical’s revision not surprising
• Cybozu shares on a tear after strong January sales, OP figures
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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