PSA Today Mar 23: Slump / A case for Kepco / Ricoh's loss / Aeon Fantasy Revises up /The MLCC market's good news/ Auto weakness / Trade and materials suppliers / Huawei gets US cold shoulder/ CyberAgent & Istyle Meeting Feedback Nikkei -4.
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Thao NguyenNikkei ¥20,617.86 (-¥974.13 / -4.51%); Topix ¥1,664.94 (-¥62.45/ -3.62%); ¥/$104.80
Tags: Kansai Electric (9503 JP), Japan Tobacco (2914 JP), Ricoh (7752 JP), Mindshift (pvt), Aeon Fantasy (4343 JP), Capcom (9697 JP), Bandai Namco (7832 JP), Square Enix (9684 JP), Sega Sammy (6460 JP), Murata (6981 JP), Yageo (2327 TT), Apple (AAPL US), TDK (6762 JP), Subaru (7270 JP), Honda (7267 JP), Nissan (7201 JP), Nippon Steel & Sumitomo Metal Corp (5401 JP), JFE Holdings (5411 JP), Kobe Steel (5406 JP), Sumitomo Metal Mining (5713 JP), Sumitomo Chemical (4005 JP), Qualcomm (QCOM US), Best Buy (BBY US), Huawei (priv.) ZTE Corp (000063 CH), Japan Display (6740 JP), CyberAgent (4751 JP), Hakuhodo DY Holdings (2433 JP), mixi (2121 JP), GungHo (3765 JP), TV Asahi (9409 JP), Istyle (3660 JP)
Main Points at a Glance
• Market slumps on growing trade friction
• Kepco and JT to the fore as defensives move to the top
• Ricoh forecasts US$1.6bil loss
• Aeon Fantasy revises up
• MLCC market improved substantially in 2H 2017
• Auto sector hurt by currency, trade fears
• Trade policy shifts complicate life for materials suppliers
• Huawei gets a cold shoulder in the US
• CyberAgent visit feedback confirms our positive view
• Istyle: Continued success expected
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.