The Must Read PSA Weekly Research Round-up (week to 15 Dec)
REPORTS: Moriya Transportation Engineering & Mfg. (6226 JT) / Daikin (6367 JT) / INDUSTRY INSIGHTS: Video game industry round-up / MISCELLANEOUS, MARKET & MACRO: Importance of 2023 Q4 Tankan heightened by upcoming BoJ board meeting / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Sony PS5 has strong Nov in UK / Sony PS5 Pro specs “leaked” / Nexon’s The Finals launches to decent numbers, erratic feedback / Ushio, AMAT unveil new packaging litho technology / Murata announces strategy shift as end markets go ex-growth / Nissan buys back 5%-stake held by Renault / Mazda to use Toyota’s software platform / Lintec, others, target higher market share in semiconductor materials
The Weekly Comment by Pelham Smithers
A quick look at the top-performing sectors in Japan in 2023 suggests that you needed to be in cyclicals. However, a quick look at the top-performing stocks in the Topix 100 suggests that you needed to be in tech. What’s the story? Pelham Smithers investigates.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Moriya Transportation Engineering & Manufacturing (6226 JT) – Blue Ocean Market
2. Daikin (6367 JT) Update – Volumes Falling, but Cost Improvement from FY24
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Nexon’s (3659 JT) The Finals Launches to Decent Numbers, Erratic Feedback
2. Sony’s (6758 JT) Nov UK PS5 Sales Strong
3. Sony PS5 Pro Specs “Leaked”
4. Video Game Industry Round-up
5. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Ushio (6925 JT), AMAT Unveil New Packaging Litho Technology
7. Murata (6981 JT) Announces Strategy Shift as End Markets Go Ex-Growth
8. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
9. Firms Seeking Higher Market Share in Semiconductor Materials
10. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
11. Mazda (7261 JT) to Use Toyota’s (7203 JT) Software Platform
12. Nissan (7201 JT) Buys Back Its 5% Stake Held by Renault (RNO FP)
13. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
14. KHI’s (7012 JT) 2030 Vision Meeting; Neutral but Detailed
Internet / eCommerce
15. GA Technologies (3491 JT) Sold off Despite an Earnings Beat
16. Smaregi (4431 JT) Revises Up FY24 Guidance
17. Anycolor (5032 JT) Keeps FY24 Guidance Unchanged, Again
18. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
19. Visional (4194 JT) Surges Following Robust Start to FY24
Small- / Mid-Cap Insights
20. Park 24 (4666 JT) Announces FY23 Q4 Results / Analyst Meeting Feedback
21. Other Small- / Mid-Cap News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
22. Importance of 2023 Q4 Tankan Heightened by Upcoming BoJ Board Meeting
23. Other Data Releases:
24. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: Kaneka (4118 JT)
Presentations at: Fujifilm Holdings (4901 JT), Resonac (4004 JT), Mitsui Chemicals (4183 JT), Ohara Inc. (5218 JT), Nisshinbo Holdings (3105 JT)
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