Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>New CEO positive for Intel plays such as Ibiden. SPE favourites to rally off lows.</li>
<li>Apple and related suppliers failing to catch a bid with analysts bearish over AI delay.</li>
<li>Sandisk down but Micron up...still room for NAND plays to run on price hike expectations?</li>
</ul>


New CEO positive for Intel plays such as Ibiden. SPE favourites to rally off lows.
Apple and related suppliers failing to catch a bid with analysts bearish over AI delay.
Sandisk down but Micron up...still room for NAND plays to run on price hike expectations?


Japan Morning Connection: Relief Rally for Tech and High-Beta Laggards After Macro Data

<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>TSMC higher on news from the day before it is investing heavily in US fab capacity.</li>
<li>Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.</li>
<li>All eyes on Trumps speech to congress this morning, although markets should be firm off the open.</li>
</ul>


TSMC higher on news from the day before it is investing heavily in US fab capacity.
Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.
All eyes on Trumps speech to congress this morning, although markets should be firm off the open.


Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

<ul>
<li>US broke the Tech rout on Friday while the Trump/Zelensky spat points to higher EU defense spending.</li>
<li>ON Semi is reported to be making a play for Allegro signalling a potential liquidity event for Sanken.</li>
<li>JP SPE was heavily sold on Fri so expect a sharp rebound to start.</li>
</ul>


US broke the Tech rout on Friday while the Trump/Zelensky spat points to higher EU defense spending.
ON Semi is reported to be making a play for Allegro signalling a potential liquidity event for Sanken.
JP SPE was heavily sold on Fri so expect a sharp rebound to start.


Japan Morning Connection: Japan Set to Rebound Led by Tech and Defence

Japan Specialist

Mark Chadwick

<ul>
<li>Japanese markets experienced significant pressure this week, with the Nikkei 225 falling 4.2% and the Topix declining 2%</li>
<li>The week was dominated by escalating global trade tensions as U.S. President Donald Trump announced multiple tariff initiatives.</li>
<li>Technology stocks bore the brunt of the selling pressure, particularly chip and AI-related companies including Disco (-19%), Tokyo Electron (-12%), and Advantest (-15%).</li>
</ul>


Japanese markets experienced significant pressure this week, with the Nikkei 225 falling 4.2% and the Topix declining 2%
The week was dominated by escalating global trade tensions as U.S. President Donald Trump announced multiple tariff initiatives.
Technology stocks bore the brunt of the selling pressure, particularly chip and AI-related companies including Disco (-19%), Tokyo Electron (-12%), and Advantest (-15%).


Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

Japan

DISCO CORPORATION manufactures abrasive and precision industrial machinery for cutting and grinding purposes.  The Company's products are applied in the semiconductor, electronics, and construction industries to produce consumer goods such as personal computers, digital cameras, video game systems, and Digital Video Disc (DVD) players.

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DISCO Corp (6146 JP)

Japan Morning Connection: Relief Rally for Tech and High-Beta Laggards After Macro Data

New Intel CEO a positive for related plays such as Ibiden. Apple struggles with AI delay. NAND plays may still have room to run on price hike...

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: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Andrew Jackson

Japan Morning Connection: Japan Set to Rebound Led by Tech and Defence

Potential for increased EU defense spending post Trump/Zelensky spat, ON Semi eyeing Allegro for acquisition, expect sharp rebound for JP SPE.

Andrew Jackson

Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Relief Rally for Tech and High-Beta Laggards After Macro Data

​New Intel CEO a positive for related plays such as Ibiden. Apple struggles with AI delay. NAND plays may still have room to run on price hike...

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: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

​TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Andrew Jackson

Japan Morning Connection: Japan Set to Rebound Led by Tech and Defence

Potential for increased EU defense spending post Trump/Zelensky spat, ON Semi eyeing Allegro for acquisition, expect sharp rebound for JP SPE.

Andrew Jackson

Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

​Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Mark Chadwick

New Intel CEO a positive for related plays such as Ibiden. Apple struggles with AI delay. NAND plays may still have room to run on price hike...

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

TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...