Samsung Electronics: 1 director

A director at Samsung Electronics bought 1,000 shares at 111,800.000KRW and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...

Vermilion Int'l Compass: Global Equity Strategy

India Finally Showing Signs of Life We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int'l Compass reports all echoing this sentiment. We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 6028-6059 and $125-$126. Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which gene...

PSA Capital Goods / Technology: AI Lifts Automation

PSA’s automation and robotics analyst William Nestuk reviews the performance of automation stocks this year and explains why this month, AI has lit a touchpaper to strong performance by names in the sector.

Vermilion Int'l Compass: Global Equity Strategy

Stick With Global Technology; China Breaking Out We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int'l Compass reports all echoing this sentiment. We will maintain our bullish intermediate-term view as long as market dynamics remain healthy and the SPX and ACWI-US are above 6028-6059 and $125-$126. Our bullish near-term outlook will remain in place as long as the 4+ month uptrend continues on ACWI...

PSA Japan Market Strategy: Market Implications from Takaichi's Suprise...

The Japanese stock market’s take on the surprise victory of Sanae Takaichi in the LDP Presidential race suggested that it wasn’t so much a repeat of the “Koizumi Boom” from 20 years ago, but rather a brand new “Takaichi Boom”, and we saw the Nikkei 225 jump +4.8% to just under 48,000. Pelham Smithers compares and contrasts the impact and flags “Takaichi Stocks”. Importantly, market valuations suggest further upside.

PSA Strategy: Japan Stock Market Quarterly for 2025 Q4

For almost three years the Nikkei 225 has been tracking its performance from the 2003~5 bull market, albeit at levels some 3.3x higher In this report, Pelham Smithers discusses the similarities and asks three key questions: (1) Can we continue to track 2005 through the rest of the year; (2) Whatever happens in Q4, should we fear or be hopeful for 2026? And (3) Who are the upcoming winners and losers.

PSA Capital Goods / Electrical Equipment: Fujikura (5803 JT) – AI Expa...

We see AI data centre expansion continuing throughout the late 2020s, driven by hyperscalers and emerging smaller players such as Oracle. Analyst William Nestuk remains positive on the earnings outlook for Fujikura and suggests a target price of ¥19,000, which is 35% above the current level.

Sterlite Technologies Ltd: 1 director

A director at Sterlite Technologies Ltd bought 340,000 shares at 116.626INR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...

PSA Technology: May Global Semiconductor Shipments +20% YoY to Record ...

Pelham Smithers reviews the May data and notes that the 2025 forecast by WSTS now looks very conservative.

PSA Technology: Japanese AI Stocks Revisited

At first glance, it feels like the Japanese stock market has reacted unusually slowly to the surge in AI infrastructure stocks in the US. Pelham Smithers flags winners on this theme.

PSA Technology: Nvidia Unveils NVLink Fusion

With Nvidia unveiling its NVLink Fusion upgrade to the NVLink data transmission system at the Taiwan’s computer show Computex 2025, Pelham Smithers flags key beneficiaries.

PSA Technology: Memory Prices / MLCC Production Data Series Shows Impr...

Pelham Smithers comments on the continued rise in memory prices and an increase in MLCC production, with a readacross to who might benefit.

PSA Capital Goods / Electrical Equipment: Fujikura (5803 JT) – Record ...

Data centre [DC] demand (top-line) should be largely unfazed by Trump tariffs, writes analyst William Nestuk. This report provides insights in earnings drivers for Fujikura as it enjoys strong pricing power for its high-margin data centre components and significant order backlog.

PSA Information Technology: FY24 Q4 Preview for Big 3 IT Firms

Ahead of results on 28 April, Pelham Smithers previews the outlook for Japan’s Big 3 IT firm’s FY24 and what might impact the FY25 guidance numbers.

PSA Technology / Semiconductors: Amid the Gloom, NAND Prices are Risin...

Tag: Kioxia (285A JT), Samsung Electronics (005930 KS), SK Hynix (000660 KS), Apple (AAPL US) With global markets plummeting, Pelham Smithers flags some good news. NAND prices are rising so should be a positive for Kioxia.

PSA Capital Goods / Electrical Equipment: Fujikura (5803 JT) – AI Them...

AI will continue to drive Fujikura’s OP in FY25, though we expect a pick-up in telecom carrier demand from FY25 Q4 and BEAD / BABA subsidies in the US in FY26. Accordingly, William Nestuk has adjusted his earnings model and suggests that based on his FY26 numbers, the shares are 20~25% undervalued in light of the AI / Telecom themes.

Autos, Industrials, Smartphone and PCs Semis in 2025, a health check

PSA Technology: Semiconductor Industry 2025 Outlook

Following the recent results season where several leading semiconductor and SPE companies globally produced either disappointing results or guidance, we look at where the semiconductor industry is at present, where it looks to be headed in 2025 and identify opportunities in the Japanese IC / SPE space.

Q3 Disappoints, But Consumer Demand Shifts to Affordable Competitors

This report provides an in-depth analysis of Zepp Health Corporation's (NYSE: ZEPP) Q3-2024 performance, highlighting a 4% QoQ revenue increase but a 49% YoY decline due to lower unit sales and product discontinuations. The report examines the launch of the T-Rex 3 smartwatch, supply chain constraints, and Zepp's competitive positioning in the global smartwatch market. It also discusses management's optimistic Q4 guidance, industry trends, and the valuation discrepancy between Zepp's market cap ...

Bible 3Q24 - Smartphones: Sluggish demand; 5G cycle resumes; iPhone mi...

Demand is sluggish, with the 2024 and 2025 outlooks implying slight unit growth after 2022 & 2023 down 13% & 4% respectively. With saturation and elongating replacement cycles, we see that as a best case. The December quarter iPhone guide missed consensus expectations, and we expect further downside. Replacement cycles are elongating, share gains in China have stalled, and recent datapoints support our view (Apple lowering iPhone 16 production plans). Semi revenues are back to secular growth, dr...