Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Global defense names continued to trade well which bodes well for the Japanese heavies and shipbuilders.</li>
<li>Airlines failed to catch a bid although global shippers were mixed which points to further uncertainty amid oil volatility.</li>
<li>Broadcom numbers look good with the firm eyeing $100bn in AI chip revenues by next year.</li>
</ul>


Global defense names continued to trade well which bodes well for the Japanese heavies and shipbuilders.
Airlines failed to catch a bid although global shippers were mixed which points to further uncertainty amid oil volatility.
Broadcom numbers look good with the firm eyeing $100bn in AI chip revenues by next year.


Japan Morning Connection: Markets Stage a Cautious Rebound in the US

<ul>
<li>Massive capex numbers from TSMC set to propel JP SPE to new highs today.</li>
<li>Softbank is likely to continue to lag as ARM fails to catch a bid despite being -42% from recent highs.</li>
<li>The hottest momo names in JP last year have cooled, but there should be more upside yet.</li>
</ul>


Massive capex numbers from TSMC set to propel JP SPE to new highs today.
Softbank is likely to continue to lag as ARM fails to catch a bid despite being -42% from recent highs.
The hottest momo names in JP last year have cooled, but there should be more upside yet.


Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

<ul>
<li>Sandisk doubling its 3D NAND for enterprise SSD's yet to be priced in for Kioxia.</li>
<li>Sentiment for the space theme in JP set to improve with Planet Labs inking Swedish deal.</li>
<li>Yaskawa numbers miss mainly on one-offs, but order outlook improvement a positive.</li>
</ul>


Sandisk doubling its 3D NAND for enterprise SSD's yet to be priced in for Kioxia.
Sentiment for the space theme in JP set to improve with Planet Labs inking Swedish deal.
Yaskawa numbers miss mainly on one-offs, but order outlook improvement a positive.


Japan Morning Connection: Japan Set for a Decent Uptick as It Prices in Big US Gains from Friday

<ul>
<li>Big gains for AMD with analysts more upbeat than last weeks reaction to its AI conference suggests.</li>
<li>Advantest 9.6% yesterday on broker comments should see market hunting for laggards such as Kokusai Electric.</li>
<li>Estee lauder seeing an uptick in China may help beleaguered Shiseido and Kose move higher.</li>
</ul>


Big gains for AMD with analysts more upbeat than last weeks reaction to its AI conference suggests.
Advantest 9.6% yesterday on broker comments should see market hunting for laggards such as Kokusai Electric.
Estee lauder seeing an uptick in China may help beleaguered Shiseido and Kose move higher.


Japan Morning Connection: Markets Seeing Iran's Potential Demise as Fuel to Risk-On Fire

Equity Bottom-Up

<ul>
<li>NVDA numbers AH were a beat - but not a blowout...does it even matter? Not really</li>
<li>5803 Fujikura -56% collapse in 5-days makes for a very attractive long reentry given the markets continued excitement over emerging photonic technologies</li>
<li>Buy the Japanese Space names with both hands with the nascent sector set to get a LOT more attention into the SpaceX listing next month</li>
</ul>


NVDA numbers AH were a beat - but not a blowout...does it even matter? Not really
5803 Fujikura -56% collapse in 5-days makes for a very attractive long reentry given the markets continued excitement over emerging photonic technologies
Buy the Japanese Space names with both hands with the nascent sector set to get a LOT more attention into the SpaceX listing next month


SpaceX Dials up Its TAM as the Space-Space Becomes the Next AI Frontier

Japan

Astroscale, the satellite servicing and debris removal company

Price Gauge
52-week Range	0.00 - 0.00
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Astroscale (186A JP)

Japan Morning Connection: Markets Stage a Cautious Rebound in the US

Markets stage a cautious rebound in the US, but there are plenty of opportunities in Japan after the weak price action so far this week.

Andrew Jackson

Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Likely for Kioxia to hit new highs today with memory names trading well. Strong tone for JP SPE after US tarrifs on Taiwan were lowered.

Andrew Jackson

Japan Morning Connection: Japan Set for a Decent Uptick as It Prices in Big US Gains from Friday

Space names may get a lift with defence names in focus. Expect strong gains for Japan SPE after US semi-cap names traded well.

Andrew Jackson

Japan Morning Connection: Markets Seeing Iran's Potential Demise as Fuel to Risk-On Fire

Japan SPE underperformers may catch a bid. Estee Lauder's jump up has positive implications for Japan's Shiseido and Kose.

Andrew Jackson

SpaceX Dials up Its TAM as the Space-Space Becomes the Next AI Frontier

NVDA beat AH numbers, but not a blowout. 5803 Fujikura's 56% drop presents a good reentry opportunity. Japanese Space names are worth buying ahead...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Markets Stage a Cautious Rebound in the US

Markets stage a cautious rebound in the US, but there are plenty of opportunities in Japan after the weak price action so far this week.

Andrew Jackson

Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Likely for Kioxia to hit new highs today with memory names trading well. Strong tone for JP SPE after US tarrifs on Taiwan were lowered.

Andrew Jackson

Japan Morning Connection: Japan Set for a Decent Uptick as It Prices in Big US Gains from Friday

Space names may get a lift with defence names in focus. Expect strong gains for Japan SPE after US semi-cap names traded well.

Andrew Jackson

Japan Morning Connection: Markets Seeing Iran's Potential Demise as Fuel to Risk-On Fire

Japan SPE underperformers may catch a bid. Estee Lauder's jump up has positive implications for Japan's Shiseido and Kose.

Andrew Jackson

SpaceX Dials up Its TAM as the Space-Space Becomes the Next AI Frontier

​NVDA beat AH numbers, but not a blowout. 5803 Fujikura's 56% drop presents a good reentry opportunity. Japanese Space names are worth buying ahead...

Andrew Jackson

NVDA beat AH numbers, but not a blowout. 5803 Fujikura's 56% drop presents a good reentry opportunity. Japanese Space names are worth buying ahead...