PSA Today Oct 28: On hold / Canon's 3Q OP -44% / Lasertec's 1Q / Fanuc's Q2 / NRI raises forecast – Nikkei +0.30%
Japan Market Comment by Pelham Smithers, William Nestuk, and Lindsay WhippNikkei ¥22,867.27 (+¥67.46 / +0.30%); Topix ¥1,648.43 (-¥0.01 / +0.00%); ¥/$108.73
Tags: Intel (INTC US), Tokyo Electron (8035 JT), Advantest (6857 JT), Disco (6146 JT), Shin-Etsu Chemical (4063 JT), Nomura Research Institute (4307 JT), Canon (7751 JT), Lasertec (6920 JT), Samsung Electronics (005930 KS), TSMC (2330 TT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Nomura Holdings (8604 JT), Seven & i Holdings (3382 JT)
Main Points
• Wait-and-see attitude continues as results season unfolds
• Canon 3Q FY19 OP down 44% YoY, cuts forecasts
• Lasertec 1Q OP +47%, well below consensus
• Fanuc – Robotics firm (as we forecast) but FA Sales below 2009 Post-Lehman
• NRI raises OP forecast, to retire 15.2% of shares
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.