PSA Today Mar 31: Covid cases rising, yen down / Hitachi paying Y1tri for GlobalLogic / Biden infrastructure plan tomorrow / TIS and NTT Data – Nikkei -0.86%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Lindsay WhippNikkei ¥29,178.80 (-¥253.90 / -0.86%); Topix ¥1,954.00 (-¥23.86 / -1.21%); ¥/$110.68
Tags: Toyota Motor (7203 JT), Renesas (6723 JT), Sony (6758 JT), Tokyo Electron (8035 JT), Shinko Electric, Nintendo (7974 JT), Nikon (7731 JT), Canon (7751 JT), Hoya (7741 JT), Hitachi (6501 JT), GlobalLogic, BASE Inc (4477 JT), Freee (4478 JT), Medley (4480 JT), ABB (ABB US), Shin-Etsu Chemical (4063 JT), Mitsubishi Materials (5711 JT), Renova Inc (9519 JT), NPC Inc (6255 JT), West Holdings Corporation (1407 JT), TIS Inc (3626 JT), NTT Data (9613 JT), Nomura Research Institute (4307 JT), NTT (9432 JT)
Main Points
• Rising Covid cases and strong dollar
• Hitachi to acquire GlobalLogic for ¥1tril
• Expectations for President Biden’s Infrastructure plan
• TIS Inc and NTT Data shares buck the enterprise software correction trend
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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