The Must Read PSA Weekly Research Round-up (week to 03 Dec)

REPORTS: Ferrotec (6890 JT) / INDUSTRY INSIGHTS: Is the Metaverse for work or play? / PC build prices continue to rise / First signs of improvement on the auto chip front / US November auto sales fall on chip supply shortage / Miserable for IT Services / Is the smartphone boom over? / MACRO: Economic data remains mixed / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS Zoom sues Zoom / Sony’s acquisition spree continues / Mitsubishi Chemical to exit petrochemicals / Nissan presents electrification plan / Toyota’s electrification plans: new models, new pledges

The Weekly Comment by Pelham Smithers

In a week which has seen Japan’s weighting in the MSCI World index further diminished, Pelham Smithers emphasises how active, informed investment is the key to successful investment in Japan.

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

1. Ferrotec (6890 JT) – Semiconductor Earnings Leading FY21 and FY22 OP

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Is the Metaverse for Work or Play?
2. Is the Smartphone Boom Over?
3. Zoom (6694 JT) Sues Zoom (ZM US)
4. Sony’s (6758 JT) Acquisition Spree Continues
5. Koei Tecmo (3635 JT) Announces CB and Buyback
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. PC Build Prices Continue to Rise
7. Other Tech-Related Moves & News That Caught Our Eye

Chemicals / Materials

8. Mitsubishi Chemical (4188 JT) to Exit Petrochemicals


9. Nissan (7201 JT) Presents its Electrification Plan
10. First Signs of Improvement on the Auto Chip Front
11. US November Auto Sales Fall on Chip Supply Shortage

Internet / eCommerce

12. Z Holdings (4689 JT) Issues PayPay Card
13. Giftee (4449 JT) Issues a CB and New Shares
14. GA Technologies’ (3491 JT) Share Exchange with DL Holdings
15. Other Internet / eCommerce Moves & News That Caught Our Eye

Enterprise Software

16. Enechange (4169 JT) Plunges Following New Share Issuance Plans
17. Money Forward (3994 JT) to Buy AI Chatbot Firm / Revised Down FY21 Target
18. Miserable Day for IT Services


19. Concerns on Alibaba (BABA US) Losing its US ADR Sends SoftBank Group (9984 JT) Lower


20. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

21. Economic Data Remains Mixed

PSA Company Visits, Tours and Interviews

• Visited: Fujifilm Holdings (4901 JT), Asahi Kasei (3407 JT), Nabtesco (6268 JT), Daikin (6367 JT), Daifuku (6383 JT)
• Presentations at: Mitsubishi Chemical Holdings (4188 JT), Asahi Kasei (3407 JT), Mitsui Chemicals (4183 JT), Sakai Chemical (4078 JT)

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