PSA Today Nov 12: Righting / Strategy comments post quarterly reports / Isuzu hurt in Asia / Daifuku's 4-month high / HDS and SMC downgrade - Nikkei +0.81%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥23,520.01 (+¥188.17 / +0.81%); Topix ¥1,709.67 (+¥5.64 / +0.33%); ¥/$109.20
Tags: Daifuku (6383 JT), IHI (7013 JT), SBI Holdings (8473 JT), Digital Garage (4819 JT), KH Neochem (4189 JT), Euglena (2931 JT), Sansan (4443 JT), DTS Corp (9682 JT), Mitsui Mining & Smelting (5706 JT), V Technology (7717 JT), Taiyo Yuden (6976 JT), Toshiba (6502 JT), Mitsui E&S (7003 JT), Isuzu Motors (7202 JT), Harmonic Drive Systems (6324 JT), SMC (6273 JT)
Main Points
• Nikkei higher once HK fears dissipate
• What sort of earnings season was this and what does it suggest for the market going forward?
• Isuzu Q2 earnings hurt by weak Asia sales
• Daifuku hits 4-month high on FY20 prospects
• HDS and SMC both downgrade full-year guidance
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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