PSA Today Jan 17: 24k again / Showa Denko's clever SPV / TSMC guidance a boost / Toyota's move into electric sky taxis / Nov machinery orders rise 18% MoM – Nikkei +0.45%
Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and William NestukNikkei ¥24,041.26 (+¥108.13 / +0.45%); Topix ¥1,735.44 (+¥6.72 / +0.39%); ¥/$110.20
Tags: Mazda (7267 JT), Toyota (7203 JT), KDDI (9433 JT), SBI Holdings (8473 JT), GMO Internet (9449 JT), Square Enix (9684 JT), CD Projekt (CDR PW), Sony (6758 JT), Toshiba (6502 JT), NuFlare Technology (6256 JT), Intel (INTC US), Jeol (695I JT), Showa Denko (4004 JT), Hitachi Chemical (4217 JT), Taiwan Semiconductor Mfg. Co. (2330 TT), Huawei (pvt.), Shin-Etsu Chemical (4063 JT), Tokyo Ohka Kogyo (4186 JT), Sumco (3436 JT), Apple (AAPL, US), JSR (4185 JT), Samsung Electronics (005930 KS), DuPont de Nemours (DD US), Joby Aviation (pvt.), Uber (UBER US)
Main Points
• Topix higher on US retail numbers
• Time to reappraise Showa Denko’s acquisition of Hitachi Chemical?
• TSMC guidance positive for suppliers
• Toyota invests in aviation start-up
• One-offs boost November core machinery orders +18% MoM; possible summer recovery?
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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