Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>OVERSEAS.  SPX -1.4% post hot PPI print;  Fed's Meister looking at 50bp hike; Tesla: Model Y sells out but Co issues big vehicle recall; AMAT after hours- looks good !</li>
<li>JAPAN.  NKY Futs -0.7% vs Cash; USDJPY 133.95;  Japan set to give up yesterday's gains but equities look good; Bridgestone earnings-solid; Good AMAT = Good TEL; Citi cuts Fujitsu</li>
<li>DAILY NUGGET. Future looks bright for Panasonic, supplier of batteries to Tesla in the US. As the IRA takes effect, Tesla's sales are going through the roof. </li>
</ul>


OVERSEAS.  SPX -1.4% post hot PPI print;  Fed's Meister looking at 50bp hike; Tesla: Model Y sells out but Co issues big vehicle recall; AMAT after hours- looks good !
JAPAN.  NKY Futs -0.7% vs Cash; USDJPY 133.95;  Japan set to give up yesterday's gains but equities look good; Bridgestone earnings-solid; Good AMAT = Good TEL; Citi cuts Fujitsu
DAILY NUGGET. Future looks bright for Panasonic, supplier of batteries to Tesla in the US. As the IRA takes effect, Tesla's sales are going through the roof. 


Good Morning Japan |Equities Waver on Hot PPI Print/Higher Rates; Telsa: Good Vs Bad; ARM IPO Risk?

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

<ul>
<li>The semiconductor revenue decline took a short break in October.</li>
<li>Spot market prices for DRAM and NAND flash have slowed their decrease.</li>
<li>These are signs that the current market collapse is slowing, although we haven't hit bottom yet.</li>
</ul>


The semiconductor revenue decline took a short break in October.
Spot market prices for DRAM and NAND flash have slowed their decrease.
These are signs that the current market collapse is slowing, although we haven't hit bottom yet.


<ul>
<li>OVERSEAS: SPX down 3 in a Row as  Fed Hawks out in force; Oil bucks trend ;  P&amp;G see weak sales; Musk makes it up on TESLA's self driving</li>
<li>JAPAN: Kishida Cabinet approval at record lows;  Activist ValueAct tgts S&amp;i(3382); Spate of Street upgrades to BUY incl General Contractors at MS; Japan CPI on tap.</li>
<li>DAILY NUGGET: Could be Nothing Burger but the costs of US default is rising as Debt Limit hit.</li>
</ul>


OVERSEAS: SPX down 3 in a Row as  Fed Hawks out in force; Oil bucks trend ;  P&amp;G see weak sales; Musk makes it up on TESLA's self driving
JAPAN: Kishida Cabinet approval at record lows;  Activist ValueAct tgts S&amp;i(3382); Spate of Street upgrades to BUY incl General Contractors at MS; Japan CPI on tap.
DAILY NUGGET: Could be Nothing Burger but the costs of US default is rising as Debt Limit hit.


Good Morning Japan |Fed Hawks Return; Earnings Weigh; ValueAct Tgts S&I(3382); Spate of JP BUY U/Gs

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Equity Bottom-Up

<ul>
<li>We follow up our original piece after the release of full-year results and the annual IR day.</li>
<li>Some decent outperformance from the stock despite AI disruption fears.</li>
<li>Stock is cheap if the medium-term plan is achieved with Q1 results, the first scorecard.</li>
</ul>


We follow up our original piece after the release of full-year results and the annual IR day.
Some decent outperformance from the stock despite AI disruption fears.
Stock is cheap if the medium-term plan is achieved with Q1 results, the first scorecard.


NEC (6701.T) – Thesis Playing Out, Market Not Fully Convinced

<ul>
<li>The SIA commented today on the impact to US semiconductor makers of sanctions against Russia</li>
<li>Russia accounts for negligible consumption of technology products, so embargos should not materially impact chip sales</li>
<li>The SIA believes that there are sufficient alternate sources of supply that the absence of Russian raw materials should not pose an immediate risk</li>
</ul>


The SIA commented today on the impact to US semiconductor makers of sanctions against Russia
Russia accounts for negligible consumption of technology products, so embargos should not materially impact chip sales
The SIA believes that there are sufficient alternate sources of supply that the absence of Russian raw materials should not pose an immediate risk


Japan

Fujitsu Ltd manufactures semiconductor, computer, and communication equipment. The Company provides comprehensive information technology, network and telecommunication solutions, and Internet services.

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Fujitsu Ltd (6702 JP)

Good Morning Japan |Equities Waver on Hot PPI Print/Higher Rates; Telsa: Good Vs Bad; ARM IPO Risk?

Japan likely to start low post US sell off overnight. The NKY is still up 6.1% YTD, so shedding off 100bps isn't a biggie. PM Kishida still in the...

Mark Chadwick

Is The Semiconductor Collapse Slowing?

One week before most chip companies report revenues, the semiconductor market seems to be slowing its decline. Although the market hasn't yet hit...

Jim Handy

Good Morning Japan |Fed Hawks Return; Earnings Weigh; ValueAct Tgts S&I(3382); Spate of JP BUY U/Gs

Fed Hawks out in full force; Kishida Cabinet approval at record lows; Activist tgts S&i(3382); Spate of Street upgrades to BUY incl General...

Mark Chadwick

NEC (6701.T) – Thesis Playing Out, Market Not Fully Convinced

+6% after Q1results. revenue +14.5% to ¥819.8bn; non-GAAP OP +¥34.7bn to ¥74.7bn. FY OP guidance raised ¥10bn to ¥430bn (revenue +¥40bn to...

Rikki Malik

Ukraine Invasion's Semiconductor Impact

How will the chip market be impacted by sanctions against Russia? The SIA expects a negligible demand decrease and no short-term impact tot he...

Jim Handy

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