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The Must Read PSA Weekly (to Feb 03): Report Summaries on Global Auto Outlook for 2017 / TEL (8035) / US Auto Sales in Jan and Results Galore

PSA Japan weekly research round-up for the week ending Feb 3rd:
Reports/Flash Notes: Headlines at a Glance (full reports available upon request):
1. Autos: Global Automobile Sector Outlook – Growth to Slow Down in 2017
2. SPE: Tokyo Electron (8035): FY16 Q3 Orders Near Record High
3. Autos: US Auto Sales in January: Strong Performance for the Japanese OEMs – Except for Toyota
Company/Sector/Thematic Comments at a Glance (full comments available upon request):
Technology: Consumer Electronics / Games
1. Sony (6758): The Scalpel is Out but Will Hirai Address the Shortage of IP / Q3 Results
2. Panasonic (6752): Upward Revision for the Full Year Still Looks Conservative
3. Nintendo (7974): Positive Takeaways from Q3 Results but Mixed Overall
4. Capcom (9697): FY16 Targets Now Look Tough
5. Colopl (3668) Needs to Stop the Rot
Technology: Industrial Electronics / Electronic Components / Precision
6. Hitachi (6501): A Value Play Now That Hitachi Capital (8586) is Offloaded

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