The Must Read PSA Weekly Research Round-up (week to 24 Feb)

Reports / Flash Notes: Headlines at a Glance

1. Nissan (7201): Carlos Ghosn Steps Down as CEO – What Are the Main Risks?
2. CyberAgent (4751) – Risk-Reward Remains Attractive

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics / Gaming

1. Sony (6758): Limiting PS Now to PS4, PC / Sony Pictures and Anime
2. Capcom (9697): Resident Evil 7 Shipments Hit 3mil
3. Square Enix’s (9684)’s Nier Automata well reviewed
4. Mixed Views on Casino Development in Japan

Technology: Industrial Electronics / Electronic Components

5. TDK (6762) will supply Tab S3 – Yonhap
6. SAW filter market to grow 6.9% pa through 2024: TDK (6762), Murata (6981)
7. Toshiba (6502): … the Saga rolls on
8. Fujitsu (6702): Lenovo (992 HK) Deal Almost Finalized…But Maybe Not a Great Deal

Chemicals / Electronic Materials

9. Sumco (3436): The Conundrum of Leading-edge Wafers

Telecom

10. SoftBank (9984): Sprint / T-Mobile Back in Play, Vision Fund

Internet

11. GREE (3632): Encouraging Developments in the Non-Game Business
12. Implications for Recruit Holdings (6098) as Companies Battle a Tight Labour Market
13. Rakuten (4755): Share Buyback Temporarily Downplays the Unexciting Earnings Prospects
14. LINE (3938) strengthens tie with Snow to catch up with Snap

Transportation

15. Power Shift Between Parcel Handlers and e-Commerce at Last?

Auto Parts / Machinery

16. Short-Sell Target SMC (6273) et al. Shrug off Concerns Expressed in 2016; NOK Optimism

Pharma

17. Snippets on Cellseed (7776), Chugai (4519), Otsuka (4578), DSK (4568)

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