PSA Today May 17: Sony buyback / Sony and MSFT in cloud gaming / US headaches for the automakers / No visibility says SMC / Nikkei puff piece on Daifuku / Kakaku.com steady but valuations rich – Nikkei +0.89%
Japan Market Comment by Pelham Smithers, Thao Nguyen and Lindsay WhippNikkei ¥21,250.09 (+¥187.11 / +0.89%); Topix ¥1,554.25 (¥16.70 / +1.09%); ¥/$109.63
Tags: Sony (6758 JT), Microsoft (MSFT US), Square Enix (9684 JT), Konami (9766 JT), Capcom (9697 JT) Huawei (pvt.), Taiyo Yuden (6976 JT), TDK (6762 JT), Murata (6981 JT), Toshiba (6502 JT), Western Digital (WDC US), Samsung (005930 KS), CyberAgent (4751 JT), Nintendo (7974 JT), Bandai Namco (7832 JT), Honda (7267 JT), Daimler (DAI GR), Hyundai Motor (005380 KS), Toyota (7203 JT), Mazda (7261 JT), SMC (6273 JT), Daifuku (6383 JT), Fast Retailing (9983 JT), Amazon (AMZN US), Alibaba (BABA US), Kakaku.com (2371 JT)
Main Points
• Sony buyback spurs cash cow stocks higher
• Sony and Microsoft in cloud gaming move.
• US give automakers headaches
• SMC doesn’t know (or do they?)
• Daifuku: Nikkei puff piece
• Kakaku.com’s steady progress but unattractive valuations
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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