September 2018 – Pelham Smithers

Sept 28

Sept 28

PSA2018-10-19T13:20:05+00:00

Highlights this week: BIG PICTURE: Spotlight back on EV and LiBs / NAND / DRAM prices continue to fall / Trade talks / Suga going after Pachinko / A slew of positive macro data / COMPANY INSIGHTS: Pelham Smithers discusses the impact of Sony conceding on cross play for Fortnite / Mura’s new MLCC factory is seen as a positive step in supplying high-capacitance MLCCs for xEV industry / Softbank (9984 JP) – Japan’s new internet darling / Thao Nguyen notes Recruit (6098 JP) continues to benefit from Japan’s tight labour market

Sept 28PSA2018-10-19T13:20:05+00:00

Sept 21

Sept 21

PSA2018-09-28T13:28:45+00:00

Highlights this week: Square Enix (9684 JP) / BIG PICTURE: The latest Apple launch & implications for suppliers and the hanset market overall / Chinese tariffs from a Japanese viewpoint / e-mobility for truck makers / COMPANY INSIGHTS: Asahi Kasei drug may have a role for Alzheimer treatment / Panasonic’s exciting tie-up for in-flightainment / Implications for Panasonic as we discuss Tesla’s Model 3 production levels

Sept 21PSA2018-09-28T13:28:45+00:00

Sept 14

Sept 14

PSA2018-09-21T12:15:50+00:00

Highlights this week: 2018 Smartphone & Smartphone Components / LINE (3938 JP) – We revise our earnings estimates downwards / BIG PICTURE: Pelham Smithers reviews the tech market for small speed reducers / Julie Boote looks at the threat to Japan’s auto exporters / COMPANY INSIGHTS: Thao Nguyen’s ZOZO Suit arrives … at last / Extremely negative reaction to Aug sales at Rohm / Joel Scheiman discusses Sumco’s weakness and trade issues

Sept 14PSA2018-09-21T12:15:50+00:00

Sept 7

Sept 7

PSA2018-09-14T13:34:14+00:00

Highlights this week: Japan Market Strategy / Ichikoh (7244 JP) / US Auto Sales for August / BIG PICTURE: Pelham Smithers looks at steel stocks / BoJ’s stealth tapering / New Energy Vehicles (NEVs) quotas in China: Geely (175 HK) to cooperate with Toyota on hybrid technology / COMPANY INSIGHTS: Nidec (6594 JP) continues its extensive M&A program / LINE (3938 JP) launches its first cryptocurrency / Takeda (4502 JP) & Shire (SHP LN) deal looking likely / The sell-off in Start Today (3092 JP) presents an opportunity

Sept 7PSA2018-09-14T13:34:14+00:00