- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Nia Dokova
- Pelham Smithers
- William Nestuk
The PSA Weekly Research Round up for the Week to 30 August 2024
Weekly Comment SummaryWe revisit the gaping mismatch between the share price performance of a peer group of small- and medium-sized enterprise software companies (bad) and their earnings performance – both historic and consensus estimates for future growth (really good).
Analyst Lindsay Whipp considers the market (liquidity) and macro factors (corporate software spending) that come into play to conclude that while some stocks have justifiably bounced back, there are several stocks that still deserve a re-evaluation.
PSA Company Visits, Tours and Interviews
• Visited: Fujita Kanko (9722 JT), Anicom Holdings (8715 JT), Sunwels (9229 JT), UBE Corp (4208 JT), NOK (7240JT), Nabtesco (6268 JT), Yaskawa Electric (6506 JT)
• Had 1:1 Calls with: Insource (6200 JT)
• Presentations at: Adeka (4401 JT)
PSA Weekly Contents at a Glance
Reports / Flash Notes Summaries
1. Kawasaki Heavy Industries (7012 JT): Aerospace & Powersports Expand
2. JMDC (4483 JT): Shares Turning a Corner?
3. Olympus (7733 JT) Update Post FY24 Q1 Results
4. Open Up Group (2154 JT): We Expect Sale of UK Business to Follow with Share Buy Back
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Video Game Sector Round-up 6
2. Bandai Namco / Toho in Tie-Up 7
3. PS5 Pro Launch Chatter Heats Up 8
4. Nintendo Direct Disappointing, as Expected 9
5. Bandai Namco to Pull the Plug on FTP MMORPG Blue Protocol in Jan 2025
6. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
7. Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
8. Chemical / Materials-Related News & Moves That Caught Our Eye
Autos / New Mobility
9. July Global Auto Production Shows Mixed Picture
10. Toyota Tests 9,000-Ton Giga Press
11. Toyota to Supply BMW with Fuel Cell Components
12. Other News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
13. Yen Sensitives Pull Back – Considering Daikin
14. NOK Shares Firm on Upgrade
15. Fujikura Hits Another Listing High
Enterprise Software / IT Services
16. TSE Requires Enechange To Produce Internal Controls Improvement Report
Pharma / Healthcare
17. Nxera Schizophrenia Drug Disappoints vs Rival
18. Other News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
19. Mixed Message from Economic Data
20. Tokyo Metro IPO Pushed Back to Oct
21. Other News & Moves That Caught Our Eye
List of Recently Published PSA Reports
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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