The Must Read PSA Weekly Research Round-up (week to 13 Sep)

REPORTS: From Micro Hybrid to Full EV – The Five Degrees of Electrification / MACROS: Japanese Q2 GDP Revised / Japan’s Well-timed Public Spending Boom / Are we Too Pessimistic about the Macro, or not Pessimistic Enough? / Plus 12 INDUSTRY & COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

Pelham discusses the latest iPhones, the firm’s aggressive pricing strategy and raises concerns on a shift to commoditization. One of the few winners of the current line-up should be battery supplier TDK (6762 JT)

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

1. From Micro Hybrid to Full EV – The Five Degrees of Electrification

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Apple (AAPL US) “Solves” its Pricing Problem

Technology: Industrial Electronics / SPE / Components / Precision

2. TDK (6762 JT) Likely to Benefit from the new iPhone
3. Video Game Stocks Kick Off the Week with Good Moves Ahead of TGS
4. Mirrorless Cameras Still Struggling

Chemicals / Materials

5. Why Shin-Etsu Chemical (4063 JT) Shares are Recovering
6. Miraial (4238 JT) Issues Weak Guidance, Cuts Dividend

Autos

7. Auto Stocks Outperform on Weak Yen; Nissan CEO Saikawa Resignation

Telecom

8. The Japan Telcos’ Unique Strategy

Internet

9. Nexon (3659 JT) Acquires a Stake in Wonder Holdings; Announces Buyback
10. Rakuten’s (4755 JT) Rakuten Pay to be Available at 7-Eleven Stores

Enterprise Software

11. transcosmos (9715 JT) to Buy Majority Stake in Toshiba HR Subsidiary

Pharma

12. Fears of Aggressive Drug Pricing

Macro

13. Japanese Q2 GDP Revised Down
14. Japan’s Well-timed Public Spending Boom
15. Are we Too Pessimistic about the Macro, or not Pessimistic Enough?

PSA Company Visits, Tours and Interviews

• Visited: Shin-Etsu Chemical (4063 JT)
• Interviewed / Conference Call with:
• Results meeting: Miraial (4238 JT), Ohara (5218 JT), SAMCO (6387 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.