Pelham Smithers Associates Ltd - PSA Today Jan 5: Rally continues/Canon to up stepper production/Toshiba sells Westinghouse/Sprint gets new CFO/ SMMs boost from gold/Threat to Shokubai/Daikin/Automation notes/CyberAgent - Nikkei +0.89%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today Jan 5: Rally continues/Canon to up stepper production/Toshiba sells Westinghouse/Sprint gets new CFO/ SMM's boost from gold/Threat to Shokubai/Daikin/Automation notes/CyberAgent - Nikkei +0.89%

PSA Today Jan 5: Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Thao Nguyen
Nikkei ¥23,714.53 (+¥208.20 / +0.89%); Topix ¥1,880.34 (+¥16.52 / +0.89%); ¥/$113.00
Tags: Rheon Automatic (6272), Tocalo (3433), Goldwin (8111), SBI Holdings (8473), Solxyz (4284), Canon (7751), Toshiba (6502), Shibaura Mechatronics (6590), Toda Kogyo (4098), SoftBank (9984), Sprint (S US), Vodafone (VOD LN), Nokia (NOKIA FH), Altice (ATC NA), T Mobile (TMUS US), Alibaba (BABA US), Sumitomo Metal Mining (5713), Tesla (TSLA US), Nippon Shokubai (4114), LG Chemical (051910 KS), PTT Global Chemical Public Company Ltd. (PTTGC TB), Daikin (6367), Fanuc (6954), Daifuku (6383) , Mitsubishi Electric (6503), SMC (6273), Yaskawa (6506), CyberAgent (4751)
Main Points
• Nikkei continues to rally led by high-beta names and exporters
• Canon (7751) to up IC stepper production in 2H 2018
• Toshiba (6502) sells Westinghouse for US$4.6bil
• Sprint (S US) gets new CFO
• Sumitomo Metal Mining (5713) gets a boost from gold
• Nippon Shokubai (4114) threatened again by LG Chemical (051910 KS)
• Exuberance from Daikin’s (6367) share performance
• Automation notes
• CyberAgent (4751) continues to blossom

05/01/2018 6 EN

Provider

Pelham Smithers Associates Ltd

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.

See profile

Analysts

Joel Scheiman

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today Jan 5: Rally continues/Canon to up stepper production/Toshiba sells Westinghouse/Sprint gets new CFO/ SMM's boost from gold/Threat to Shokubai/Daikin/Automation notes/CyberAgent - Nikkei +0.89%

PSA Capital Goods: Moriya Transportation Engineering & Maintenance (6226 JT) – Market Missing GPM Improvement

PSA Today 13 Aug: Rally extends / PPI July / Nexon Q2 / TOY in NA / iStyle FY25 / ExaWizards first ever Q1 OP – Nikkei 225 +1.30% | ¥$147.84

PSA Today 12 Aug: Soaring Nikkei 225 and Topix, ATHs / Ishiba on the ropes / Video game round-up / Automation / Q1s for Cover Corp, SRE / Previews Appier Q2, PKSHA Q3 / Amvis results release delay – Nikkei 225 +2.15 % | ¥$148.26

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