- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Jan 29: Recovery / Apple, Huawei consequences / Xilinx effect / Trusting NEC / Resilient Shin-Etsu / Q3s for Fanuc, HCM / CyberAgent's good FY20 start / Obic Q3, NRI Q3 preview - Nikkei +0.71%
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥23,379.40 (+¥163.69 / +0.71%); Topix ¥1,699.95 (+¥7.67 / +0.45%); ¥/$109.15
Tags: Shin-Etsu Chemical (4063 JT), Canon Marketing (8060 JT), M3 Inc (2413 JT), Hitachi (6501 JT), Showa Denko (4004 JT), Hitachi Chemical (4217 JT), Apple (AAPL US), Xilinx (XLNX US), Huawei (pvt.), TDK (6762 JT), Sony (6758 JT), NEC (6701 JT), Anritsu (6754 JT), GA Technologies (3491 JT), SRE Holdings (2980 JT), Canon (7751 JT), Alps Alpine (6770 JT), Murata (6981 JT), Sprint (S US), T-Mobile (TMUS US), Ericsson (ERICB SS), Nokia (Nokia FH), Shintech (pvt.), Fanuc (6954 JT), Hitachi Construction Machinery (6305 JT), CyberAgent (4751 JT), Obic (4684 JT), Oracle Japan (4716 JT), Nomura Research Institute (4307 JT), KDDI (9433 JT), Nomura Holdings (8604 JT)
Main Points
• Market rebounds as HK opens better than feared
• Readthrough for Japanese firms from Apple results and UK Huawei decision
• Are Xilinx’s problems specific to US firms or should Japanese investors worry?
• NEC – Issue of Trust
• Shin-Etsu Chemical’s resilient trend
• Fanuc’s FY19 Q3: order weakness
• HCM’s FY19 Q3: Sudden Europe / US weakness
• CyberAgent’s good FY20 start
• Obic misses market estimates for FY19 Q3 but raises dividends
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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