The Must Read PSA Weekly Research Round-up (week to DD MMM)
REPORTS: Daifuku (6383 JT) / Mazda (7261 JT) / GA Technologies (3491 JT) /
MACRO: Oct industrial production and job offers: applicants / INDUSTRY INSIGHTS: Mobile game revenues continue to impress / Japan to phase out ICEs, Toyota’s dominance set to increase / COMPANY INSIGHTS: NEC starts offering 5G as a service / Update on Nanobridge / Plus additional COMPANY & INDUSTRY INSIGHTS
The Weekly Comment by Pelham Smithers
Arguably the biggest surprise about the PS5 is the genre of games which are available at launch, says Pelham.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Daifuku (6383 JT) – Margins Jump in FY22
2. Mazda (7261 JT) – Opportunities and Risks
3. GA Technologies (3491 JT) – FY20 Preview
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Mobile Game Revenues Continue to Impress
2. Gaming Moves that Caught Our Eye
Technology: Industrial Electronics and Electronic Components
3. NEC (6701 JT) Starts Offering 5G as a Service
4. Update on Nanobridge
Chemicals / Materials
5. Wafer Player Moves
6. Being No.2 in Silicon Wafers May be Overrated
Autos
7. US November Sales: Toyota Outperforms
8. Japan to Phase Out ICEs: Toyota’s Dominance Set to Increase
9. Toyota Presents Second Generation Mirai in Europe
Auto Parts / Machinery
10. Automation Still Rising to New Listing Highs
11. Denso (6902 JT) / Koito (7276 JT) Hit 2-Year Highs on EV Theme
Internet / eCommerce
12. Recruit’s (6098 JT) International Secondary Offering and Buyback / Sell-off Continues
13. Mixi (2121 JT) Sold Off on a Broker Downgrade
Enterprise Software
14. Stacking Up Against Slack: SaaS Valuations in the Japanese Context
15. Sansan (4443 JT) Invests in Fringe81’s (6550 JT) P2P Collaboration Platform
Miscellaneous
16. Other Moves & News That Caught Our Eye
Macro
17. Japan’s Industrial Prod’n / Retail Sales / Jobs: Applicants / China’s Manufacturing PMI
PSA Company Visits, Tours and Interviews
• Visited: Shin-Etsu Chemical (4063 JT)
• Conference Calls / Email Q&As with: Asahi Kasei (3407 JT), Sumitomo Chemical (4005 JT), Minebea-Mitsumi (6479 JT), Koito (7276 JT), Daifuku (6383 JT), Denso (6902 JT), Sansan (4443 JT)
*If you would like access to the full weekly the reports highlighted, or the full Weekly (which includes the full comment) and if you would like to see the list of reports produced YTD, please contact our sales team.
You can also find PSA research on FactSet, Thomson Reuters (Reuters Knowledge, Thomson One Analytics, Starmine), Capital IQ, Bloomberg (under PSAZ < GO> or by typing in the < stock code> equity CN PSA), Research Exchange and ResearchPool.
