PSA Today July 2: Small caps dumped in flat trade / Should Hitachi have bought ABB's grid biz? / Tesla bigger than Toyota / US auto sales fall in Q2 / Fujifilm's Avigan / GungHo's Ninjala's 2mil+ downloads – Nikkei +0.11%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Thao NguyenNikkei ¥22,145.96 (+¥24.23 / +0.11%); Topix ¥1,542.76 (+¥4.15 / +0.27%); ¥/$107.36
Tags: Hitachi (6501 JT), ABB (ABBN SW), MHI (7011 JT), NEC (6701 JT), GE (GE US), Honeywell (HON US), Schneider (SU FP), Siemens (SIE GY), Toyota Motor (7203 JT), Tesla (TSLA US), Honda (7267 JT), Subaru (7270 JT), Mazda (7261 JT), Fujifilm Holdings (4901 JT), Dr. Reddy’s Laboratories (DRRD IN), Global Response Aid (pvt), Gilead Sciences (GILD US), Zhejiang Hisun Pharmaceutical (600267 CH), Russian Direct Investments Fund, ChemRar (pvt), GungHo Online Entertainment (3765 JT), Nintendo (7974 JT), mixi (2121 JT), DeNA (2432 JT)
Main Points
• Flat market sees heavy sector rotation as small caps dumped
• Should Hitachi have bought ABB’s grid business?
• Tesla’s market cap has overtaken Toyota’s
• US auto sales drop sharply in Q2
• Fujifilm’s Avigan out licensing, and Russian competition
• GungHo’s Ninjala exceeds 2mil downloads
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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