Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Kioxia likely to keep moving higher after yesterday's limit-up on its knockout numbers.</li>
<li>Seagate CEO refusing to add production capacity being read as a sign that memory demand may be nearing a top.</li>
<li>QD Laser +23% yesterday on increased adoption of its Retissa Viewclear retinal projection display.</li>
</ul>


Kioxia likely to keep moving higher after yesterday's limit-up on its knockout numbers.
Seagate CEO refusing to add production capacity being read as a sign that memory demand may be nearing a top.
QD Laser +23% yesterday on increased adoption of its Retissa Viewclear retinal projection display.


Japan Morning Connection: Software Rotation Continues with NEC and Fujitsu Set to Outperform

<ul>
<li>Disco, Lasertec and Advantest all trading below recent highs despite reporting this season but set to close the gap on positive news.</li>
<li>Softbank -4.5% Friday but looks attractive after reducing its margin loan from $10bn to $6bn easing overextension concerns.</li>
<li>QD Laser +23% on Friday, a positive for Samco Inc, Seikoh Giken and Santec Corp also on this theme.</li>
</ul>


Disco, Lasertec and Advantest all trading below recent highs despite reporting this season but set to close the gap on positive news.
Softbank -4.5% Friday but looks attractive after reducing its margin loan from $10bn to $6bn easing overextension concerns.
QD Laser +23% on Friday, a positive for Samco Inc, Seikoh Giken and Santec Corp also on this theme.


Japan Morning Connection: Sumco Surges on AI Wafer Demand and SPE Laggards Set for a Rebound

<ul>
<li>Disco, Kokusai and Softbank among the biggest tech laggards set to scramble higher on ceasefire news.</li>
<li>Intel joining Musk's Terafab and generating interest from Google and Amazon a positive for the main Intel suppliers such as Lasertec and Ibiden.</li>
<li>Defensive outperformers set to lose their recent upside momentum on the risk-on shift.</li>
</ul>


Disco, Kokusai and Softbank among the biggest tech laggards set to scramble higher on ceasefire news.
Intel joining Musk's Terafab and generating interest from Google and Amazon a positive for the main Intel suppliers such as Lasertec and Ibiden.
Defensive outperformers set to lose their recent upside momentum on the risk-on shift.


Japan Morning Connection: Ceasefire Set to Send Tech and AI Laggards Surging Higher

<ul>
<li>Japan saw a deep fade off the open for AI related plays but a more sustained bid expected today with US pushing higher.</li>
<li>Micron begins mass production of HBM4 for Rubin chips, positive for Micronics which is -20% off its recent highs.</li>
<li>News from NVDA’s GTC event drove optical interconnect name Lumentum as much as +16.8% off its opening lows.</li>
</ul>


Japan saw a deep fade off the open for AI related plays but a more sustained bid expected today with US pushing higher.
Micron begins mass production of HBM4 for Rubin chips, positive for Micronics which is -20% off its recent highs.
News from NVDA’s GTC event drove optical interconnect name Lumentum as much as +16.8% off its opening lows.


Japan Morning Connection: Optical Names Plunged Then Swung Back on News from NVDA’s GTC Event

<ul>
<li>Brent dropping as much as -25% off the intraday highs sending refiners, shippers and defense lower and sparking a rebound in airlines and AI/Tech.</li>
<li>HPE numbers were inline but the stock is holding up AH, and management expects a memory shortage well into next year.</li>
<li>Expect a rotation out of software and defensive havens into momentum favorites such as Kioxia and Kokusai Elec.</li>
</ul>


Brent dropping as much as -25% off the intraday highs sending refiners, shippers and defense lower and sparking a rebound in airlines and AI/Tech.
HPE numbers were inline but the stock is holding up AH, and management expects a memory shortage well into next year.
Expect a rotation out of software and defensive havens into momentum favorites such as Kioxia and Kokusai Elec.


Japan Morning Connection: Markets Snap Back Sharply with on Trump's Comments on the War Ending

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: Software Rotation Continues with NEC and Fujitsu Set to Outperform

Software rotation continues as tech remains under pressure. Kioxia the lone bright spot as other memory names show no follow through. QD Laser...

Andrew Jackson

Japan Morning Connection: Sumco Surges on AI Wafer Demand and SPE Laggards Set for a Rebound

Intel's Apple deal and Micron's structural shift drive gains, a positive for Japan's SPE laggards Disco, Lasertec and Advantest now set to close...

Andrew Jackson

Japan Morning Connection: Ceasefire Set to Send Tech and AI Laggards Surging Higher

A 2-week ceasefire has been agreed, subject to the straits being reopened, sending oil sharply lower and futures sharply higher. Will be a more...

Andrew Jackson

Japan Morning Connection: Optical Names Plunged Then Swung Back on News from NVDA’s GTC Event

NVDA's mixed messages sent optical names see-sawing. Memory roars to record highs. Kokusai still fails to catch a bid despite good positioning.

Andrew Jackson

Japan Morning Connection: Markets Snap Back Sharply with on Trump's Comments on the War Ending

Markets snap back sharply with Trump commenting the war with Iran is “very complete, pretty much”. It was a mad scramble back into tech and AI...

Andrew Jackson

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