Telco/Internet specialist

Kirk Boodry

Redex Research

Thematic (Sector/Industry)

The Nikkei reports the Ministry of Industry Affairs and Communications (MIC, the regulator) will not allow NTT’s local exchange companies to give a wholly owned DoCoMo preferential treatment. This is not surprising and whilst it may modestly impact sentiment in the near-term, the real issue is competition in selling integrated fixed-wireless services to corporate users and that will develop no matter how NTT is regulated.  Meanwhile, a shift in political and regulatory focus away from mobile pricing is good news for everyone and we remain overweight with NTT as our top pick.

The Nikkei reports the Ministry of Industry Affairs and Communications (MIC, the regulator) will not allow NTT’s local exchange companies to give a wholly owned DoCoMo preferential treatment. This is not surprising and whilst it may modestly impact sentiment in the near-term, the real issue is competition in selling integrated fixed-wireless services to corporate users and that will develop no matter how NTT is regulated.  Meanwhile, a shift in political and regulatory focus away from mobile pricing is good news for everyone and we remain overweight with NTT as our top pick.

Japan Telecom Sector - Regulator to Signal Level Playing Field for DoCoMo

KDDI's new pricing is the closest that Japan has come to a pre-pay service since Vodafone bought Japan Telecom in 2001 whilst its Starlink announcement gives all four mobile operators a satellite option.

KDDI's new pricing is the closest that Japan has come to a pre-pay service since Vodafone bought Japan Telecom in 2001 whilst its Starlink announcement gives all four mobile operators a satellite option.

Japan Telecom Sector - Read Across from KDDI’s Pricing and Starlink Announcements

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

In last week's Int'l Compass (Sept. 2), we highlighted emerging markets (EEM-US, Shanghai Comp) and Japan (TOPIX, TOPIX Small) as areas of bullish interest, with short-term bullish inflections suggesting the tide was turning in favor of these markets. This remains the focus in today's report, and especially on Japan; bullish price inflections and breakouts have started to proliferate, which suggests this could be the start of a broad-based rally for Japan in the weeks and months ahead.

In last week's Int'l Compass (Sept. 2), we highlighted emerging markets (EEM-US, Shanghai Comp) and Japan (TOPIX, TOPIX Small) as areas of bullish interest, with short-term bullish inflections suggesting the tide was turning in favor of these markets. This remains the focus in today's report, and especially on Japan; bullish price inflections and breakouts have started to proliferate, which suggests this could be the start of a broad-based rally for Japan in the weeks and months ahead.

Buy Japan On This Breakout ; TOPIX Breaking Out To 21-Year Highs; Actionable Theme: Growth Sectors

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Jul 10th. The aggregated net margin trading position is USD30,748m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in SoftBank, Taiyo Yuden, Fast Retailing, Advantest, Kioxia, Tokyo Electron, Mitsubishi UFJ Financial, Mizuho Financial, Lasertec, Valor.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Jul 10th. The aggregated net margin trading position is USD30,748m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in SoftBank, Taiyo Yuden, Fast Retailing, Advantest, Kioxia, Tokyo Electron, Mitsubishi UFJ Financial, Mizuho Financial, Lasertec, Valor.


JPX Margin Trading Weekly (Jul 10th): SoftBank, Taiyo Yuden, Fast Retailing, Advantest, Kioxia

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Some stock names that look interesting in Japan on weakness or above breakout points. Nintendo, Oriental Land, Toshiba, NTT and McDonalds. Some names are in play due to index deletion/inclusion.The Nikkei is near 30,200 short term resistance and a bit overdone that supports rotation into stocks that have not run or have just cleared key resistance.This webcast runs through buy levels and targets on this group of stocks.

Some stock names that look interesting in Japan on weakness or above breakout points. Nintendo, Oriental Land, Toshiba, NTT and McDonalds. Some names are in play due to index deletion/inclusion.The Nikkei is near 30,200 short term resistance and a bit overdone that supports rotation into stocks that have not run or have just cleared key resistance.This webcast runs through buy levels and targets on this group of stocks.

Japan

Nippon Telegraph and Telephone Corporation provides a variety of telecommunication services, including telephone, telegraph, leased circuits, data communication, terminal equipment sales, and related services. The Company provides both local and long distance telephone services within Japan.

NTT (Nippon Telegraph & Telephone) (9432 JP)

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NTT (Nippon Telegraph & Telephone) (9432 JP)

Japan Telecom Sector - Regulator to Signal Level Playing Field for DoCoMo

The regulator will block preferential pricing for DoCoMo within NTT. This is not surprising. The real issue is competition for enterprise users...

Kirk Boodry

Japan Telecom Sector - Read Across from KDDI’s Pricing and Starlink Announcements

KDDI's new pricing is the closest Japan has come to a pre-pay service since Vodafone bought Japan Telecom in 2001 whilst its Starlink announcement...

Kirk Boodry

Buy Japan On This Breakout ; TOPIX Breaking Out To 21-Year Highs; Actionable Theme: Growth Sectors

Japan (TOPIX, TOPIX Small) was a big focus for us last week, and it remains the focus in today's report; this could be the start of a broad-based...

Vermilion Research

JPX Margin Trading Weekly (Jul 10th): SoftBank, Taiyo Yuden, Fast Retailing, Advantest, Kioxia

We analyzed JPX margin trading positions report for the past week and highlighted SoftBank (9984 JP), Taiyo Yuden (6976 JP), Fast Retailing (9983...

Ke Yan, CFA, FRM

Japan Stocks of Interest

Some stock names that look interesting in Japan on weakness or above breakout points. Nintendo, Oriental Land, Toshiba, NTT and McDonalds. A...

Thomas Schroeder

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)