Revisiting the Topix-Nikkei Skew Trade
Early last year we suggested trading this skew which would have generated 10-12% pure alpha within four trading days. This trade is starting to...
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SMC – OP Beat Incoming but so Is the Downcycle
SMC's 2Q was a nice beat but cyclical patterns suggest a revenue downturn is incoming at a time when valuations are extremely stretched.
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MicroPort MedBot IPO Trading - Decent Demand But Upside Is Limited from the Top-End
Shanghai MicroPort MedBot Group (MM), a surgical robot company, raised around US$200m in its Hong Kong IPO. In this note we will talk about the...
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Fanuc – Whoomp! There It Is
On Friday we warned that Fanuc might come through with a surprise downgrade as a result of weakness in its Robomachine division. They did.
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Fanuc – Could There Be a Shock Downgrade?
The FA sector has enjoyed a few strong quarters as COVID helped kickstart an earnings upcycle but while peer Yaskawa upgraded its earnings guidance...
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