TOPIX Rebalance: Flows at the Close
The second tranche of the FFW methodology change for the TOPIX Index will be implemented at the close of trading today. One way flow is ~JPY 745bn...
812 Views
Nikkei 225 Methodology Change. Again. This Time Better But Still Not Good Enough
The Nikkei proposes changes to the Nikkei 225 methodology. There is a cap, a cap re-mark, and a move to twice-annual reviews. And there is also a...
839 Views
TEL – Margin Disappointment
While TEL's momentum matched other WFE peers margins looked disappointing and we believe there is material downside to valuations as we approach...
420 Views
Tokyo Electron (8035) | Fundamentals Don’t Matter...for Now
Despite favorable industry conditions and strong outlook for wafer fab equipment, we think that the stock could continue to de-rate.
377 Views
Tokyo Electron (8035 JP): Delays and Uncertainty
Management sees 20% potential sales growth this year, but that looks over-optimistic. Demand shows signs of leveling off and margin expansion...
578 Views