The Must Read PSA Weekly Research Round-up (week to 13 April)

The Must Read PSA Pre-Easter Weekly

The Weekly Comment by Pelham Smithers

(available upon request)

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

1. Pharma: Peptidream (4587) and the Deal with J&J
2. Technology: Bullish Outlook on HDDs from Seagate’s CEO – Read Across to Supply Chain
3. Pharma: Sumitomo Dainippon Pharma (4506): Engineering a Recovery – Never as Easy as Falling Off a Cliff

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics / Industrial Electronics / Gaming

1. Sony (6758): Hopes for Enterprise Solutions with New ePaper Tablet
2. Square Enix (9684): DQXI Release Date – 29th July – Should Be a Very Nice Earner for FY17
3. Nintendo (7974): Announces Line-up for Switch
4. Ricoh (7752) Exits Cameras…But There are Bigger Problems to Consider
5. Toshiba (6502): High Noon / Is there a readthrough to the rest of Japan Inc?…
6. New Bid from Sasaki-san for Solekia (9867): Your Turn, Fujitsu (6702)
7. Apple (APPL US) Getting Tougher on IC IP Providers

Chemicals / Electronic Materials

8. Seagate’s (STX US) CEO Bullish on HDDs: Consider the Source / Read-Across to Supply Chain
9. Asahi Kasei (3407): March Housing Orders are Disappointing

Autos / Auto Parts

10. Toyota (7203): Trump Claims Kentucky Plant $1.33bil Spend as His Win – We Won’t Tell
11. Geopolitical Concerns Affects the Currency and Likely FY17 Forecasts for the Automakers
12. Aisin Seiki (7259): At Important ¥5,000 Technical Level

Telecom

13. SoftBank (9984): Pushing for Snapdeal / FlipKart deal

Internet

14. Thoughts from our Call with Yahoo Japan (4689) on its Delivery System

Pharma

15. Hisamitsu (4530): Forecasts Decline in OP on Prescription Volume Limits
16. Chugai (4519): ALEX Trials for Alecensa a Success
17. Transdermal Medrx (4586): Might be on to a Winner with Cipla Deal

PSA Company Visits, Tours and Interviews

This week we attended Asahi Kasei’s (3407) R&D meeting, Mitsui Chemicals’ (4183) Polyolefins Technology Seminar and the earnings meeting for Ryohin Keikaku (7453). We also conducted a telephone interview with Yahoo Japan.

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