Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Huge gains for JP names with EU exposure yesterday looks set to continue as markets rotate out of AI plays.</li>
<li>Sanken Electric went limit up on the news of ON Semi's bid for Allegro, although ALGM trading very wide overnight.</li>
<li>EU mania should be enough to reboot Daikin's heat pump catalyst off stone sold levels.</li>
</ul>


Huge gains for JP names with EU exposure yesterday looks set to continue as markets rotate out of AI plays.
Sanken Electric went limit up on the news of ON Semi's bid for Allegro, although ALGM trading very wide overnight.
EU mania should be enough to reboot Daikin's heat pump catalyst off stone sold levels.


Japan Morning Connection: Tech Out, All Things EU In

<ul>
<li>Semi cap names higher with Trump not mentioning export restrictions on his speech to Congress.</li>
<li>Disco -7% yesterday despite no news could see dip buying as oversold SPE gets bought.</li>
<li>Names such as Daikin and Shimano may also catch a bid on the German spending news.</li>
</ul>


Semi cap names higher with Trump not mentioning export restrictions on his speech to Congress.
Disco -7% yesterday despite no news could see dip buying as oversold SPE gets bought.
Names such as Daikin and Shimano may also catch a bid on the German spending news.


Japan Morning Connection: Names with EU Exposure in Focus After Germany Pulls the Stops on Spending

<ul>
<li>A disastrous election outcome for the LDP may be the end for PM Ishiba</li>
<li>Expect weak yen beneficiaries to gain, but markets overall to be weak as foreigners de-risk on the political instability</li>
<li>Unwitting TSMC exports to Huawei may put the spotlight back on US export restrictions for allies</li>
</ul>


A disastrous election outcome for the LDP may be the end for PM Ishiba
Expect weak yen beneficiaries to gain, but markets overall to be weak as foreigners de-risk on the political instability
Unwitting TSMC exports to Huawei may put the spotlight back on US export restrictions for allies


Japan Morning Connection: Political Bungling Par Excellence

Japan Specialist

Mark Chadwick

<ul>
<li>The Nasdaq led a mixed session on Thursday, rising 0.8%, boosted by Tesla's (TSLA) strong earnings and optimistic sales forecast.</li>
<li>Seven &amp; i Holdings aims to double sales to 30 trillion yen by 2031 and expand to 100,000 stores across 30 countries, up from current 84,652 stores.</li>
<li>Carrier Global’s Q3 results missed expectations, with sales falling short by about 10% and earnings missing by 5%, sending the stock down 9%. Not all bad for Daikin. </li>
</ul>


The Nasdaq led a mixed session on Thursday, rising 0.8%, boosted by Tesla's (TSLA) strong earnings and optimistic sales forecast.
Seven &amp; i Holdings aims to double sales to 30 trillion yen by 2031 and expand to 100,000 stores across 30 countries, up from current 84,652 stores.
Carrier Global’s Q3 results missed expectations, with sales falling short by about 10% and earnings missing by 5%, sending the stock down 9%. Not all bad for Daikin. 


<ul>
<li>Plenty of Ishiba trades to pickup this morning after yesterday's panic.</li>
<li>Defence related saw some initial profit taking after pricing in some gains, but KHI and NEC remain attractive on the long side.</li>
<li>Selective Inbound tourism, domestic revitalization, and China plays should snap back fairly quickly with Ishiba unlikely to upset voters ahead of elections.</li>
</ul>


Plenty of Ishiba trades to pickup this morning after yesterday's panic.
Defence related saw some initial profit taking after pricing in some gains, but KHI and NEC remain attractive on the long side.
Selective Inbound tourism, domestic revitalization, and China plays should snap back fairly quickly with Ishiba unlikely to upset voters ahead of elections.


Japan Morning Connection: Selective Rebound Expected After Yesterday's Panic

Japan

DAIKIN INDUSTRIES, LTD. manufactures air conditioning equipment for household and commercial use.  The Company also produces fluorine chemical products such as fluorinated hydrocarbon gas and shells and warheads for defense industry.

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Daikin Industries (6367 JP)

Japan Morning Connection: Tech Out, All Things EU In

Gains for JP names with EU exposure as markets shift away from AI plays. Sanken Electric limit up on ON Semi's bid for Allegro. Daikin's heat pump...

Andrew Jackson

Japan Morning Connection: Names with EU Exposure in Focus After Germany Pulls the Stops on Spending

Semi cap stocks rise as Trump's speech to Congress omits export restrictions, while oversold SPE sees potential dip buying and German spending...

Andrew Jackson

Japan Morning Connection: Political Bungling Par Excellence

Potential end for PM Ishiba. Expect weak yen beneficiaries to gain but overall market to be weak due to political instability. Unwitting TSMC...

Andrew Jackson

Ohayo Japan | Tesla Soars 22%

Nasdaq rises on Tesla's strong earnings, Seven & i Holdings plans ambitious growth, Carrier Global disappoints in Q3 results.

Mark Chadwick

Japan Morning Connection: Selective Rebound Expected After Yesterday's Panic

Opportunities in Ishiba trades this morning, particularly in defence-related stocks, inbound tourism, domestic revitalization, and China plays.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Tech Out, All Things EU In

Gains for JP names with EU exposure as markets shift away from AI plays. Sanken Electric limit up on ON Semi's bid for Allegro. Daikin's heat pump...

Andrew Jackson

Japan Morning Connection: Names with EU Exposure in Focus After Germany Pulls the Stops on Spending

​Semi cap stocks rise as Trump's speech to Congress omits export restrictions, while oversold SPE sees potential dip buying and German spending...

Andrew Jackson

Japan Morning Connection: Political Bungling Par Excellence

​Potential end for PM Ishiba. Expect weak yen beneficiaries to gain but overall market to be weak due to political instability. Unwitting TSMC...

Andrew Jackson

Ohayo Japan | Tesla Soars 22%

​Nasdaq rises on Tesla's strong earnings, Seven & i Holdings plans ambitious growth, Carrier Global disappoints in Q3 results.

Mark Chadwick

Japan Morning Connection: Selective Rebound Expected After Yesterday's Panic

Opportunities in Ishiba trades this morning, particularly in defence-related stocks, inbound tourism, domestic revitalization, and China plays.

Andrew Jackson

Semi cap stocks rise as Trump's speech to Congress omits export restrictions, while oversold SPE sees potential dip buying and German spending...

Potential end for PM Ishiba. Expect weak yen beneficiaries to gain but overall market to be weak due to political instability. Unwitting TSMC...

Nasdaq rises on Tesla's strong earnings, Seven & i Holdings plans ambitious growth, Carrier Global disappoints in Q3 results.