The Japanese stock market is in an interesting phase where the Bank of Japan is supporting the bond market rather than the stock market. While this phase lasts, the dollar should remain above ¥120/$ and perhaps strengthen further against the yen. This report looks at what this phase might mean for the Japanese stock market as a whole, and for stock selection. The PSA Focus List has also been updated.
The independent financial analyst theScreener just awarded an improved star rating to NISSHA (JP), active in the Business Support Services industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date March 4, 2022, ...
Although the Japanese economy, politics and stock market seem to be where they were this time last year, there is a seismic shift going on in the way the Japanese stock market behaves that could make investing in Japan in 2022 quite different to previous years. We look at how and why this shift has taken place and what it means for investing in Japan in the coming year.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Nissha’s long-term vision would shift the company’s portfolio from IT-devices toward medical markets, in particular growing its medical device CDMO [Contract Design / Development Manufacturing Organization] business. Joel Scheiman considers whether Nissha might undergo a rerating similar to that experienced by Fujifilm Holdings (4901 JT) as it developed its bio-CDMO business.
Pelham Smithers presents his strategy for Q3 2021 and the changes to PSA's stock Focus List Table of Contents Overview 3 Background 4 Valuations & Value 5 The Case for “Muddle Through” 6 Consumer Spending 7 The Labour Market 7 The Currency and the Carry Trade 8 The BoJ and Policy 9 Japan’s Stuttering Economy 10 Stock Performance and Earnings Expectations 12 Catalysts: Digital Transformation, Semiconductors, Price Hikes ...
Main Points • Confidence in Nissha’s earnings recovery should become more established in FY18 if it can execute on its plans. We estimate OP will exceed ¥15bil for the first time in a decade. • Devices are poised to be the primary driver. Shipments of film touch sensors for smartphones could expand by three times, supported not only by new OLED model introductions, but also their likely inclusion in LCD panels. Margins should expand too as the latest generation product moves farther along...
Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Thao NguyenNikkei ¥21,970.81(+¥45.71/ +0.21%); Topix ¥1,761.61(-¥0.84 / -0.05%); ¥/$107.81Tags: Universal (6425 JP), Japan Cash Machine (6418 JP), Capcom (9697 JP), Konami (9766 JP), Nintendo (7974 JP), Nissha (7915 JP), Hodogaya (4112 JP), V Technology (7717 JP), Toyota (7203 JP), Zeon Corp (4205 JP), Apple (AAPL US), Daifuku (6383 JP), Yaskawa (6506 JP), SHI (6302 JP), CyberAgent (4751 JP) Main Points at a ...
Apple iPhone Demand and OutlookTags: Apple (AAPL US), Hon Hai (2317 TT), Samsung Electronics (005930 KS), Japan Display (6740 JP), Nissha (7915 JP), Nitto Denko (6988 JP), Zeon Corp (4205 JP), Sumitomo Chemical (4005 JP)In the December quarter (2017) Apple (AAPL US) sold 77.3mil iPhones, which was down slightly on the 78.3mil sold a year earlier. This was below our expectation of 80mil units and we were probably mid-range (having been below consensus originally). However, ASPs came in higher tha...
Japan Market Comment by Pelham Smithers, Julie Boote and William Nestuk Nikkei ¥21,925.10 -¥224.11/ -1.01%); Topix ¥1,762.45(-¥12.70 / -0.72%); ¥/$106.84 Tags: Nissha (7915 JP), Hodogaya (4112 JP), Ulvac (6728 JP), Chugai Pharmaceutical (4519 JP), Tokyo Steel (5423), Fujitsu (6702 JP), Japan Cash Machine (6418 JP), Universal Entertainment (6425 JP), Sony (6758 JP), Checker Cab, Daiwa Motor Transportation (9082 JP), Uber, Daiichi Koutsu Sangyo (9035 JP), Alphabet (GOOG US), Apple (AAPL US), Mit...
The PSA Japan Research Round-Up for the week ending February 16, 2018 Contents at a Glanceï¶ The Weekly Comment by Pelham Smithers: Surf’s up: Pelham Smithers considers whether we are starting to see a break in the link between the yen and the Japanese stock market.ï¶ Reports / Flash Notes Summaries 1. Mitsubishi Electric (6503 JP): FA and Infrastructure Upturn 2. Sony (6758 JP): FY17 Outlook and SoTP5ï¶ Company / Sector / Thematic Comments 1. Sony (6758 JP) Surprises, Irritates with Peter Ra...
PSA Today Feb 15: Japan Market Comment by Pelham Smithers, Joel Scheiman and Thao Nguyen Nikkei ¥21,464.98 (+¥310.81/ +1.47%); Topix ¥1,719.27 (+¥16.55/ +0.97%); ¥/$106.56Tags: Remixpoint (3825 JP), SBI Holdings (8473 JP), mixi (2121 JP), Kirin (2503 JP), Sony (6758 JP), Facebook (FB US), Apple (AAPL US), Netflix (NFLX US), Capcom (9697 JP), Bandai Namco (7832 JP), Sumitomo Dainippon Pharma (4506 JP), Nitto Denko (6988 JP), Tokyo Ohka Kogyo (4186 JP), Nissha (7915 JP), Showa Denko (SDK, 4004 JP)...
PSA Today Jan 30: Japan Market Comment by Pelham Smithers, Joel Scheiman, Thao Nguyen and William Nestuk Nikkei ¥23,291.97 (-¥337.37 / -1.43%); Topix ¥1,858.13 (-¥22.32/ -1.19%); ¥/$108.61Tags: Apple (AAPL US), Nissha (7915 JP), TDK (6762 JP), Nitto Denko (6998 JP), Shin-Etsu Chemical (4063 JP), Sumitomo Chemical (4005 JP), Sumitomo Chemical (4005 JP), Murata (6981 JP), NOK (7240 JP), Dexerials (4980 JP), Hitachi Construction Machinery (6305 JP), Canon (7751 JP), Capcom (9697 JP), SBI Holdings (...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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