PSA Today Jun 3: Many hopes / Daiichi Sankyo and the pharma sector / US auto sales contraction eased in May / IT spending trends / Banks, telcos and the cashless society push – Nikkei +1.29%
Japan Market Comment by Pelham Smithers, Julie Boote and Lindsay WhippNikkei ¥22,613.76 (+¥288.15 / +1.29%); Topix ¥1,599.08 (+¥11.40 / +0.72%); ¥/$108.73
Tags: Nissan Motor (7201 JT), Mazda (7261 JT), Toyo Seikan (5901 JT), Nexon (3659 JT), Daiichi Sankyo (4568 JT), Chugai Pharmaceutical (4519 JT), Takeda Pharmaceutical (4502 JT), Eisai (4523 JT), Otsuka Holdings (4578 JT), Shionogi (4507 JT), Volvo, Geely Automobile (175 HK), Hertz (HTZ US), Avis Budget (CAR US), Toyota (7203 JT), Honda (7267 JT), Subaru (7270 JT), Cybozu (4776 JT), Freee KK (4478 JT), Money Forward (3994 JT), Sansan Inc (4443 JT), DeCurret (pvt), Internet Initiative Japan (3774 JT), Mizuho Financial Group (8411 JT), Mitsubishi UFJ Financial Group (8306 JT), Sumitomo Mitsui Banking Corp (8316 JT), NTT Group (9432 JT), KDDI (9433 JT), East Japan Railway, (9020 JT), NTT Data (9613 JT)
Main Points
• Nikkei higher on US / China car sales, global recovery hopes
• Daiichi Sankyo’s problem is not dosage, but finely tuned valuation
• US auto sales contraction easing in May
• Survey shows company IT spending plans Remain Robust despite Covid-19
• Japanese Megabanks Study Digital Currency Expansion
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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