The Must Read PSA Weekly Research Round-up (week to 02 June)

Report Title

The Weekly Comment by Pelham Smithers

The Nikkei is back above 20,000 for the first time since 2015. Pelham Smithers comments.

Reports / Flash Notes Published This Week: Headlines at a Glance

1. Autos: Honda (7267) FY17 Outlook – Relative Position to Improve under Challenging Market Conditions
2. Autos: US Auto Sales April 2017 – Light Truck Sales Expansion Comes to a Halt

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics / Gaming / Components / Industrial Electronics

1. Video Game Stocks: The Game is Definitely Still in Play
2. Nintendo (7974): Switch Data / 3rd-Pary Publishers / Enough NAND? / Online Services Launched
3. AR / VR Headset Shipments in 1Q 2017 Surge 70% YoY
4. Sony (6758): To Reboot the Resident Evil Movie Series – Read-across to Capcom
5. Square Enix (9684): Who Owns the Old Eidos IP?
6. Which companies are ‘Fit and Proper’ to Run a Casino in Japan?
7. Panasonic (6752): Positive Investor Day / LiB Deliveries to Tesla
8. PanaHome (1924) Rejects Bid by Oasis
9. Samsung to Build a 2nd Line at its 3D NAND Facility; Read-across to TEL, Ferrotec, Nidec
10. Is Samsung Set to Deliver 180mil OLED Screens in 2018?
11. Toshiba (6502): The Bidding Continues

Chemicals / Electronic Materials

12. Sekisui Chemical May Play Key Role in PeptiDream’s Production Plans
13. LiB Demand to Accelerate in Europe around 2019
14. Ho-hum Medium-Term Meetings, but Controversy Over Carbon Fiber
Autos / Auto Parts / Machinery
15. Trump, Paris, and the Auto Assemblers
16. Japan Auto Sales Rise 12.4% in May: Boosted by Emission Data Scandal Base Effect
17. Diesel Emission Scandal: Have Fiat Chrysler and General Motors Been Cheating as Well? Potentially good news for VW and Japanese OEMs
18. SPE / FA Plays Continue to Hit Highs

Internet / Telecoms

19. SoftBank (9984): Intelsat Bond Deal Falls Through
20. Digital Garage (4819): The Change of Strategy Makes Sense to Us


21. The HIV Cartel: Gilead, Shionogi and GSK

PSA Company Visits, Tours and Interviews Record:

• Results meetings for Sumitomo Chemical (4005, small meeting) and Kyoritsu Maintenance (9616)
• Results and strategy meetings for Mitsui Chemicals (4183), Asahi Kasei (3407) and Sumitomo Chemical (4005)
• Visited Shin-Etsu Chemical (4063) and Clarion (6796)

List of PSA Published Reports Since Q2 2017 to Date

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