Samsung Electronics: 1 director

A director at Samsung Electronics bought 10,000 shares at 50,600.000KRW and the significance rating of the trade was 89/100. 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...

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 ...

PSA Technology / Semiconductors: Ishiba Unveils ¥10tril (US$65bil) Chi...

Prime Minister Shigeru Ishiba set out the first plan of his administration, which is to spend ¥10tril through FY30 further revitalizing Japan’s one-time globally dominant chip industry. The move comes after a ¥2tril package was announced last year and is seen as party of a ¥50tril private-public investment in Japanese chipmaking over the next decade. Pelham Smithers discusses beneficiaries.

PSA Technology: Read across to Chip Sector from Samsung Electronics' (...

Samsung’s poor performance comes after the strong numbers (and stronger-than-expected) guidance from Micron (MU US). It underscores the complicated nature of the chip sector in the AI chip era – something that was further outlined by the latest global chip market data. Pelham Smithers discusses.

PSA Technology: Potential for Further Printer / Copier Industry Consol...

Pelham Smithers discusses Lexmark’s potential sale and suggests this could revive interest in further consolidation in the Printer / Copier Industry.

PSA Technology / Telco Equipment: Optical Fibre Sensing Starts Post-5G...

Pelham Smithers discusses technological developments in the Innovative Optical & Wireless Network All-Photonics Network.

PSA Technology / Semiconductors: Micron and the AI Bubble

Micron’s FY24 results are a reminder that the chip industry is still doing well. Pelham Smithers considers what is reflected in the shares price of the wafer fab equipment makers and highlights two Japanese plays that offer undemanding valuations.

Japan Display Inc - Company Profile and SWOT Analysis

Summary Japan Display Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Japan Display Inc (JDI) is an electrical and electronic manufacturing company. The company manufactures and sells small and medium-size displays and related products in Japan and other markets. Its pr...

NSR Tech Policy: Google and the Antitrust State of Play

Last week and this week there was and will be significant activity in two antitrust cases against Google. In this note, we provide an update of what happened, what will happen, various outcomes investors should be thinking about and other cases involving Google and Antitrust.

PSA Industrials / Capital Goods: Fujikura (5803 JT) Riding the AI Them...

Fujikura’s share price performance has been impressive, surging three-old YTD, boosted by AI-related data centre demand. Analyst William Nestuk reviews the FY24 Q1 performance, flags where there is upside but also notes capacity contraints.

PSA Information Technology / Consumer Electronics: Apple iPhone 16 Rev...

Pelham Smithers previews the iPhone 16 and offers a readthrough for Japanese suppliers if the design is as expected.

Memory: Rigorous supply/demand discipline driving rapid gross margin r...

Memory COGS (demand) in 2025 will exceed 2022 by >50% while capex will likely only be 20% above. We summarise our thoughts and the implications for the industry in a single slide.

Bible 2Q24 – Memory: COGS up, inventories down, gross margins up. Cycl...

Today, we are publishing the Memory section of our 24th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Automotive, Cloud Infrastructure, Telecom Equipment, Industrials, PCs, Enterprise IT, Ride sharing & Delivery, Foundry, and Semicap Equipment. Industry gross m...

Konka Group Co Ltd - Company Profile and SWOT Analysis

Summary Konka Group Co Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Konka Group Co Ltd (Konka) is a developer, manufacturer, and marketer of a consumer electronics and home appliances. The company’s product portfolio comprise of television, refrigerator, air conditio...

Bible 4Q23 – Memory: manufacturer inventories are the last piece of th...

Today, we are publishing the Memory section of our 22nd Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 130 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Automotive, Cloud Infrastructure, Telecom Equipment, Industrials, PCs, Enterprise IT, Ride sharing & Delivery, Foundry, and Semicap Equipment. The recovery is...

The future of mobility and convergence – Day Two

We just wrapped up the second day of the BCG and New Street Research Future Series conference, which this year was focused on the Future of Mobility and Convergence in the Era of AI . The second day featured discussions with over 30 companies, including AT&T, British Telecom, Deutsche Telekom, Frontier, Globalstar, Liberty Global, Omnispace, Recon Analytics, Samsung, Telecom Italia, and Vodacom.

Consensus gets something wrong about memory. Expect major beats in the...

With AI cluster deployments, we have showed overall datacenter spending will be very strong in the next 5 years, and drivers of increase in memory intensity are, if anything, getting stronger. In that context, we expect memory COGS, which is the only metric reflecting the actual deployment of memory content, to grow ~20% p.a. in coming years. Our analysis this frontally conflicts with consensus expectations, and we anticipate significant and steady revisions of expectations and record valuatio...

Bible 2Q23 – Memory: bottom confirmed, but recovery will take time.

Today, we are publishing the Memory section of our 20th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 130 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Smartphones, Automotive, Cloud Infrastructure, Telecom Equipment, Industrials, PCs, Enterprise IT, Ride sharing & Delivery, Foundry, and Semicap Equipment. Mem...

Samsung 2Q23: Bottom confirmed for memory; hybrid bonding adoption con...

Samsung reported 2Q23 overnight.

SK Hynix & Samsung 1Q23: Memory industry bottoming