Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>MLCC names Taiyo Yuden +22.6% and Murata +17.6% to new highs on bullish comments from Alethia.</li>
<li>Smaller photonic/optical names remain incredibly interesting with QD Laser and Hamamatsu Photonics Kk well below recent highs.</li>
<li>Softbank still -20% from early June highs despite yesterday's +10% move.</li>
</ul>


MLCC names Taiyo Yuden +22.6% and Murata +17.6% to new highs on bullish comments from Alethia.
Smaller photonic/optical names remain incredibly interesting with QD Laser and Hamamatsu Photonics Kk well below recent highs.
Softbank still -20% from early June highs despite yesterday's +10% move.


Japan Morning Connection: Riskier Momentum Trades Back in Play Post SpaceX IPO Nerves

<ul>
<li>Fuji Electric's Ejector Cooling Machine said to cut server cooling power by 85%. Not getting anywhere near the attention it deserves at current levels. </li>
<li>Fuji Electric a big underperformer vs it's closest peer Rohm with the 6504-6963 ratio at 2.58 (2.2std dev LTM) and lows not seen since the start of 2024.</li>
<li>New Glenn explosion continuing to weigh on Space sentiment, as well as the upcoming SpaceX launch.</li>
</ul>


Fuji Electric's Ejector Cooling Machine said to cut server cooling power by 85%. Not getting anywhere near the attention it deserves at current levels. 
Fuji Electric a big underperformer vs it's closest peer Rohm with the 6504-6963 ratio at 2.58 (2.2std dev LTM) and lows not seen since the start of 2024.
New Glenn explosion continuing to weigh on Space sentiment, as well as the upcoming SpaceX launch.


Japan Morning Connection: Fuji Electric's Cooling System Launch Set to Put the Stock in Focus

<ul>
<li>Fuji Electric rolling out new server cooling technology this month cutting power consumption by 85% — worth picking up after yesterday's -5.6% dip.</li>
<li>QD Laser still -17% over the last week despite TDK partnership, after collateral requirements were tightened for Japanese retail.</li>
<li>With Space names rebounding overnight, the big selling for Japanese peers should abates after big corrections over the last week.</li>
</ul>


Fuji Electric rolling out new server cooling technology this month cutting power consumption by 85% — worth picking up after yesterday's -5.6% dip.
QD Laser still -17% over the last week despite TDK partnership, after collateral requirements were tightened for Japanese retail.
With Space names rebounding overnight, the big selling for Japanese peers should abates after big corrections over the last week.


Japan Morning Connection: ASIC Names Surge on Huang's Endorsement as HPE Numbers Fuel AI Infra Plays

<ul>
<li>MLCC names have exploded higher recently but are very vulnerable to trends outside of the AI thematic.</li>
<li>Space names Astroscale, Synspective, Axelspace and QPS had a very strong day Friday with more gains set to follow.</li>
<li>Power/Automative semi's Rohm, Fuji Electric and Renesas set to catch a bid after Qualcomm expands Stellantis deal</li>
</ul>


MLCC names have exploded higher recently but are very vulnerable to trends outside of the AI thematic.
Space names Astroscale, Synspective, Axelspace and QPS had a very strong day Friday with more gains set to follow.
Power/Automative semi's Rohm, Fuji Electric and Renesas set to catch a bid after Qualcomm expands Stellantis deal


Japan Morning Connection: MLCC Names Seem Stretched While Server Sentiment to Lift NEC and Fujitsu

<ul>
<li>Even a slight disappointment from NVDA could trigger a big correction in Japanese SPE names who have already started to waver in the last few days post-earnings. </li>
<li>Lasertec, Disco and Advantest retreating but merely a blip on their 1-year charts with room for more profit taking.</li>
<li>Space names Synspective and Axelspace still look attractive ahead of SpaceX pricing in 3 weeks.</li>
</ul>


Even a slight disappointment from NVDA could trigger a big correction in Japanese SPE names who have already started to waver in the last few days post-earnings. 
Lasertec, Disco and Advantest retreating but merely a blip on their 1-year charts with room for more profit taking.
Space names Synspective and Axelspace still look attractive ahead of SpaceX pricing in 3 weeks.


Japan Morning Connection: NVDA Numbers Tomorrow Loom Over Already Wavering SPE Names

Japan

Astroscale, the satellite servicing and debris removal company

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Astroscale (186A JP)

Japan Morning Connection: Riskier Momentum Trades Back in Play Post SpaceX IPO Nerves

With Iran deal signed and SpaceX IPO complete, riskier momentum trades are in focus with optical and space names offering entry points after heavy...

Andrew Jackson

Japan Morning Connection: Fuji Electric's Cooling System Launch Set to Put the Stock in Focus

Fuji Electric's server cooling launch not getting the attention it deserves with the stock -17% from ATHs. Space related names continue to suffer...

Andrew Jackson

Japan Morning Connection: ASIC Names Surge on Huang's Endorsement as HPE Numbers Fuel AI Infra Plays

ASIC names surge on Huang's trillion dollar Marvell endorsement. HP enterprise up as much as 36% on bumper numbers. A strong focus on all things...

Andrew Jackson

Japan Morning Connection: MLCC Names Seem Stretched While Server Sentiment to Lift NEC and Fujitsu

MLCC names have been surging but are vulnerable to non-AI trends. Space names and power/automotive semiconductors are poised for gains.

Andrew Jackson

Japan Morning Connection: NVDA Numbers Tomorrow Loom Over Already Wavering SPE Names

SPE names brace for NVDA numbers tomorrow after already wavering post earnings. Market remains gun-shy on mainstay AI plays making it likely for...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Riskier Momentum Trades Back in Play Post SpaceX IPO Nerves

With Iran deal signed and SpaceX IPO complete, riskier momentum trades are in focus with optical and space names offering entry points after heavy...

Andrew Jackson

Japan Morning Connection: Fuji Electric's Cooling System Launch Set to Put the Stock in Focus

Fuji Electric's server cooling launch not getting the attention it deserves with the stock -17% from ATHs. Space related names continue to suffer...

Andrew Jackson

Japan Morning Connection: ASIC Names Surge on Huang's Endorsement as HPE Numbers Fuel AI Infra Plays

ASIC names surge on Huang's trillion dollar Marvell endorsement. HP enterprise up as much as 36% on bumper numbers. A strong focus on all things...

Andrew Jackson

Japan Morning Connection: MLCC Names Seem Stretched While Server Sentiment to Lift NEC and Fujitsu

​MLCC names have been surging but are vulnerable to non-AI trends. Space names and power/automotive semiconductors are poised for gains.

Andrew Jackson

Japan Morning Connection: NVDA Numbers Tomorrow Loom Over Already Wavering SPE Names

SPE names brace for NVDA numbers tomorrow after already wavering post earnings. Market remains gun-shy on mainstay AI plays making it likely for...

Andrew Jackson

MLCC names have been surging but are vulnerable to non-AI trends. Space names and power/automotive semiconductors are poised for gains.