The Must Read PSA Weekly Research Round-up (week to 05 Jan)
REPORTS: The PSA Japan Perspective 2024 / CUC (9158 JT) / Park24 (4666 JT) / EV Markets in Trouble / INDUSTRY INSIGHTS: Video games round-up / US auto sales recover in 2023; little growth expected in 2024 / Japan auto sales recover, but pre-Covid level still not reached / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: AI set to dominate CES2024 / Silent Hill 2 firmed up for 2024 / The Finals tops 10mil players / Dave the Diver sales hit 3mil / NEC has success in enterprise-use AI system trial / Resonac touts cheminformatics tool / MISCELLANEOUS, MARKET & MACRO: Ishiba calls for interest rate normalization / Japan looks to draft anti-monopoly law targeting smartphone systems / Nov job vacancies – 3.3% YoY / Wage talk survey indicates 5% wage growth agreement ahead / A tale of two PMIs / Economic data out next week
The Weekly Comment by Pelham Smithers
Japan’s day traders have a reputation for looking to make money out of disaster. However, there’s a case being made that the recent Noto Peninsula Earthquake, while altogether regrettable in terms of human loss of life and injury, may just be what Japan’s economy needs
Reports / Flash Notes Published This Week: Headlines at a Glance
1. The PSA Japan Perspective 2024
2. CUC (9158 JT) Initiation – Earnings Entering Positive Phase
3. Park24 (4666 JT) Update – Strong Unit Price for Car Sharing to Boost FY24 Q1 Earnings
4. EV Markets in Trouble – Have the Japanese Been Vindicated?
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Games Round Up
2. Japan Looks to Draft Anti-Monopoly Law Targeting Smartphone Systems
3. AI Set to Dominate CES2024
4. Nexon’s (3659 JT) The Finals Tops 10mil Players
5. Dave the Diver Sales Hit 3mil
6. Silent Hill 2 Firmed Up for 2024
7. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
8. NEC (6701 JT): Success in Enterprise-Use AI System Trial
9. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
10. Resonac’s (4004 JT) Cheminformatics Tool
11. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
12. US Auto Sales Recover in 2023, but Little Growth Expected for 2024
Auto Parts / Machinery
13. HCM (6305 JT) and the Noto Peninsula Earthquake
Internet / eCommerce
14. Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
15. NRI (4307 JT) Launches GenAI Security Testing Service Application
16. Cybozu (4776 JT) Tweaks its FY23 Forecast Again
Telecom
17. Telecom-Related News & Moves That Caught Our Eye
Pharma
18. Pharma-Related News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
19. Kyoritsu Maintenance (9616 JT) and the Noto Peninsula Earthquake
Market / Macro / Miscellaneous / Strategy
20. Might MBOs be the Story of Japan’s Stock Market in 2024?
21. Ishiba Calls for Interest Rate Normalization
22. Nov Job Vacancies Decline -3.3% YoY
23. Wage Talk Survey Indicates Wage Growth Agreement of +5% Ahead
24. Wage Hike News to the Fore
25. A Tale of Two PMIs
26. Key Economic Data Out Next Week
27. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: Park24 (4666 JT), Hamee (3134 JT), Daifuku (6383 JT), KHI (7012 JT)
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