The Must Read PSA Weekly Research Round-up (week to 14 Jun)

REPORTS: TIS (3626 JT); 5G in the UK – Who Benefits?; IHI 7013 JT); SBI Holdings (8473 JT); Mazda (7261 JT); / MACRO: April Machinery Orders Possibly Misleading but Still Small Positive; / Plus 22 INDUSTRY & COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

Pelham Smithers reviews his strategy and identifies industries / companies where he expects to see top-line growth and those that are likely to struggle in the current environment.

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

1. IHI (7013 JT) – Reloading
2. 5G in the UK – Who Stands to Benefit?
3. TIS (3626 JT) – A Bit of a Bargain
4. Mazda (7261 JT) – Skyactiv X Finally on the Horizon
5. SBI Holdings (8473 JT) – Update after FY18 Results

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics / Gaming

1. Breaking Up Sony (6758 JT) (Revisited [Again])
2. Battle of the Consoles
3. Square Enix (9684 JT) Announce FF7 / Avengers
4. Nintendo (7974 JT) Direct @ E3
5. Feedback from Meeting with GungHo Entertainment (3765 JT)

Technology: Telecom Equipment

6. 5G in the UK

Chemicals / Materials

7. Toray (3402 JT) Makes Progress in Cancer Screening
8. Miraial (4238 JT) Produces a Strong Q1
9. Asahi Kasei (3407 JT) to Acquire Major Defibrillator Supplier

Autos

10. China Supports FCV Commercialisation
11. New Partnerships and Divorces in the Autonomous Drive Industry
12. Huawei Working on Self-Driving Car Technology
13. France Indicates It Could Lower Renault Stake to Appease Nissan
14. Mazda (7261 JT) Opens Orders for Skyactiv-X in Europe
15. Solid State Batteries for EVs: The Race Is On

Auto Parts / Machinery

16. MHI (7011 JT) Risk & Reward with Bombardier (BBD/B CN)
17. B777X Aircraft Delay to Help IHI (7013 JT) FY20
18. HCM (6305 JT) Gains Amid a Weak June 13 Market
19. April Machinery Orders Possibly Misleading but Still Small Positive

Enterprise Software

20. Poletowin Pitcrew (3657 JT) Announces Robust Q1
21. TIS Inc (3626 JT) Successfully Tests Next-Generation Video-Sharing Technology6
22. Heroz (4382 JT): Shares Surge Following Strong Earnings

PSA Company Visits, Tours and Interviews

• Visited: Shin-Etsu Chemical (4063 JT), Teijin (3401 JT), Tokyo Ohka Kogyo (4186 JT), GungHo Online Entertainment (3765 JT)
• Attended earnings meetings / participated in earnings calls at: Ohara Inc (521 JT)
• Attended strategy / mid-term plan announcement meetings at: Konica Minolta (4902 JT)
• Interviewed / Conference Call with: Daifuku (6383 JT), Yokohama Rubber (5101 JT), IHI (7013 JT), TIS (3626 JT)

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