PSA Machinery: SMC (6273 JT) Update
William Nestuk expects SMC sales deterioration to continue into the Q4. He has revised his earnings down for FY18 and FY19.SMC and its subsidiaries are engaged in the manufacture and sale of pneumatic control equipment and other automatic control equipment. Co.'s principal products are directional control valves, such as air-operated valves, hand valves, power valves and solenoid valves; actuators, such as air cylinders, guided actuators and air grippers; air preparation equipment, such as air dryers, air mist separators, aftercoolers and air tanks; and air line equipment, such as air filters, air filter regulators, lubricators, modular filter regulator lubricator units, electro-pneumatic regulators, sensors and switches. In addition, Co., through its subsidiaries, is engaged in the warehousing business.
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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