Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>QD Laser, Seiko Giken and Santec may see gains after Lumentum's strong beat lifted optical peers.</li>
<li>Kioxia is set for more of a rebound as memory rallied overnight, with the stock still forming a base after a 68% drawdown from June highs.</li>
<li>From its May highs.Astroscale may see some recovery after SpaceX's +9.6% overnight gain, with the stock still down 57% from its May highs.</li>
</ul>


QD Laser, Seiko Giken and Santec may see gains after Lumentum's strong beat lifted optical peers.
Kioxia is set for more of a rebound as memory rallied overnight, with the stock still forming a base after a 68% drawdown from June highs.
From its May highs.Astroscale may see some recovery after SpaceX's +9.6% overnight gain, with the stock still down 57% from its May highs.


Japan Morning Connection: QD Laser May Recover From Earnings Miss on Positive Lumentum Read-Through

<ul>
<li>SEI, Furukawa and Fujikura, all reporting this week, may see gains with a stronger optical connectivity tape overnight and recent selloff leaving the risk/reward tilted higher into this week's earnings.</li>
<li>QPS, Astroscale and Synspective may see gains tracking Sidus, Redwire and Rocket Lab overnight, though SpaceX's earnings and lockup expiry this week warrant caution.</li>
<li>Fuji Elec and Rohm may see support from Onsemi's beat and raised AI data center sales guidance.</li>
</ul>


SEI, Furukawa and Fujikura, all reporting this week, may see gains with a stronger optical connectivity tape overnight and recent selloff leaving the risk/reward tilted higher into this week's earnings.
QPS, Astroscale and Synspective may see gains tracking Sidus, Redwire and Rocket Lab overnight, though SpaceX's earnings and lockup expiry this week warrant caution.
Fuji Elec and Rohm may see support from Onsemi's beat and raised AI data center sales guidance.


Japan Morning Connection: SEI, Furukawa, Fujikura May See Support as Optical Names Rally Overnight

<ul>
<li>Rigaku worth watching as a play on the shift to 2D and more complex transistors requiring X-ray/metrology capabilities.</li>
<li>Photonics names QD Laser, Seiko Giken, Santec and Samco back on the menu for believers in co-packaged optics and photonic-driven AI scale-up.</li>
<li>Japanese space names finally looking more attractive after &gt;50% corrections from recent highs.</li>
</ul>


Rigaku worth watching as a play on the shift to 2D and more complex transistors requiring X-ray/metrology capabilities.
Photonics names QD Laser, Seiko Giken, Santec and Samco back on the menu for believers in co-packaged optics and photonic-driven AI scale-up.
Japanese space names finally looking more attractive after &gt;50% corrections from recent highs.


Japan Morning Connection: Broadening AI Rally Should Increase Photonics and Glass Substrate Focus

<ul>
<li>Kioxia set for a strong day as Micron signs strategic partnership with Anthropic and BofA hikes TP pulling memory names higher.</li>
<li>Power semis Fuji Electric, Rohm and Renesas set for a good day after Onsemi +8.2% and broader industrial semi strength overnight.</li>
<li>SWCC may catch a bid after being upgraded to buy by Mizuho overnight.</li>
</ul>


Kioxia set for a strong day as Micron signs strategic partnership with Anthropic and BofA hikes TP pulling memory names higher.
Power semis Fuji Electric, Rohm and Renesas set for a good day after Onsemi +8.2% and broader industrial semi strength overnight.
SWCC may catch a bid after being upgraded to buy by Mizuho overnight.


Japan Morning Connection: QD Laser Set to Continue Gains as Details Emerge on Partnership with TDK

<ul>
<li>Kokusai +25% last week and JX Metals +25.6% likely reversal targets at the open.</li>
<li>TeraDrone is pivoting from industrial drones to defense after consolidating two Ukrainian combat drone companies, an interesting thematic to get behind.</li>
<li>Astroscale continued to drop -8.6% yesterday after its earnings showed increasing losses but still an interesting name given its focus on space-junk removal and orbital services.</li>
</ul>


Kokusai +25% last week and JX Metals +25.6% likely reversal targets at the open.
TeraDrone is pivoting from industrial drones to defense after consolidating two Ukrainian combat drone companies, an interesting thematic to get behind.
Astroscale continued to drop -8.6% yesterday after its earnings showed increasing losses but still an interesting name given its focus on space-junk removal and orbital services.


Japan Morning Connection: AI Related Names Set to Slide Following SOX's Skittish Retreat from Highs

Japan

Astroscale, the satellite servicing and debris removal company

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Astroscale (186A JP)

Japan Morning Connection: QD Laser May Recover From Earnings Miss on Positive Lumentum Read-Through

QD Laser may recover from its earnings miss on a strong Lumentum read-through, after Lumentum's blowout guidance lifted optical peers Ciena, Cisco...

Andrew Jackson

Japan Morning Connection: SEI, Furukawa, Fujikura May See Support as Optical Names Rally Overnight

SEI, Furukawa, Fujikura may see gains with strong optical connectivity tape and recent selloff. Fuji Elec, Rohm may see support from Onsemi's beat...

Andrew Jackson

Japan Morning Connection: Broadening AI Rally Should Increase Photonics and Glass Substrate Focus

Japanese SPEs continue to benefit from Korean tailwinds while photonics and glass substrate names should be increasingly back on the menu as...

Andrew Jackson

Japan Morning Connection: QD Laser Set to Continue Gains as Details Emerge on Partnership with TDK

QD Laser limit up yesterday and set to build on gains as TDK XR glasses partnership details emerge and Retissa Viewclear featured on TV Tokyo.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: QD Laser May Recover From Earnings Miss on Positive Lumentum Read-Through

QD Laser may recover from its earnings miss on a strong Lumentum read-through, after Lumentum's blowout guidance lifted optical peers Ciena, Cisco...

Andrew Jackson

Japan Morning Connection: SEI, Furukawa, Fujikura May See Support as Optical Names Rally Overnight

​SEI, Furukawa, Fujikura may see gains with strong optical connectivity tape and recent selloff. Fuji Elec, Rohm may see support from Onsemi's beat...

Andrew Jackson

Japan Morning Connection: Broadening AI Rally Should Increase Photonics and Glass Substrate Focus

Japanese SPEs continue to benefit from Korean tailwinds while photonics and glass substrate names should be increasingly back on the menu as...

Andrew Jackson

Japan Morning Connection: QD Laser Set to Continue Gains as Details Emerge on Partnership with TDK

QD Laser limit up yesterday and set to build on gains as TDK XR glasses partnership details emerge and Retissa Viewclear featured on TV Tokyo.

Andrew Jackson

Japan Morning Connection: AI Related Names Set to Slide Following SOX's Skittish Retreat from Highs

AI trade cracks under its own weight but big dips likely buying opportunities. Kokusai and JX Metals likely reversal targets.

Andrew Jackson

SEI, Furukawa, Fujikura may see gains with strong optical connectivity tape and recent selloff. Fuji Elec, Rohm may see support from Onsemi's beat...