PSA Today Jun 3: 29k regained / SoftBank's 5G govt "Hurry up" / SDP shenanigans / IHI shares strong / TIS share strength – Nikkei +0.35%
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Lindsay WhippNikkei ¥29,048.72 (+¥102.58 / +0.35%); Topix ¥1,958.70 (+¥16.37 / +0.84%); Mothers ¥1,141.45 (+¥5.65 / +0.50%); ¥/$109.78
Tags: Kirin (2503 JT), Ajinomoto (2802 JT), Astellas (4503 JT), Honda (7267 JT), KDDI (9433 JT), Mitsubishi Electric (6503 JT), Thales (HO FP), Hitachi (6501 JT), Eisai (4523 JT), Biogen (BIIB US), Ferrotec (6890 JT), Advantest (6857 JT) Lasertec (6920 JT), Marumae (6264 JT), Nintendo (7974 JT), Internet Initiative Japan (3774 JT), Cyber Security Cloud (4493 JT), Magmag (4059 JT), SoftBank Corp (9434 JT), Apple (AAPL US), Huawei, Rakuten (4755 JT), Anritsu (6754 JT), Keysight (KEYS US), Rohde & Schwartz, NEC (6701 JT), Comsys (1921 JT), Sumitomo Dainippon Pharma (4506 JT), Sumitomo Chemical (4005 JT), Mitsubishi Chemical Holdings (4188 JT), IHI (7013 JT), Boeing (BOE US), Freee KK (4478 JT), TIS Inc (3626 JT), NTT Data (9613 JT)
Main Points
• Nikkei regains 29,000 as market rotates into high- yield stocks
• SoftBank Corp gets 5G “hurry up” order
• Setback for Sumitomo Dainippon Pharma shares
• IHI up 44.9% YTD
• TIS trades close to all-time highs
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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