Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Amazon down -11% AH after its capex guidance seen as unjustified in light of earnings.</li>
<li>ARM makes a surprise turn around on DC upside...watch Softbank.</li>
<li>Estee lauder -19% with numbers not good enough to justify rally. -ve Kose and Shiseido.</li>
</ul>


Amazon down -11% AH after its capex guidance seen as unjustified in light of earnings.
ARM makes a surprise turn around on DC upside...watch Softbank.
Estee lauder -19% with numbers not good enough to justify rally. -ve Kose and Shiseido.


Japan Morning Connection: Risk-Off Mood Continues, but Semi-Caps Pick up After Google Capex Surprise

<ul>
<li>Nintendo numbers missed although firm doesn't see impact from higher memory prices this year.</li>
<li>Ibiden to invest Y500bn in new production facilities to capture AI demand.</li>
<li>Defense names should rally after US shoots down an Iranian drone.</li>
</ul>


Nintendo numbers missed although firm doesn't see impact from higher memory prices this year.
Ibiden to invest Y500bn in new production facilities to capture AI demand.
Defense names should rally after US shoots down an Iranian drone.


Japan Morning Connection: Rotation Out of Tech Although AH Mixed with Lumentum up AMD Down

<ul>
<li>Intel CEO points to 14A gaining traction positive for JP suppliers Ibiden, TEL and Lasertec.</li>
<li>PM Takaichi snap election sends JGB yields to highest since late 90's and yen tumbling to intervention zone.</li>
<li>Nintendo sell off on memory concerns looks overdone with several mild upside catalysts in the next months.</li>
</ul>


Intel CEO points to 14A gaining traction positive for JP suppliers Ibiden, TEL and Lasertec.
PM Takaichi snap election sends JGB yields to highest since late 90's and yen tumbling to intervention zone.
Nintendo sell off on memory concerns looks overdone with several mild upside catalysts in the next months.


Japan Morning Connection: Software Takes a Hit with AI Worries Resurfacing

<ul>
<li>Lam Research beat, but with 43% of revs still coming from China the market reaction is muted.</li>
<li>Japan's newly minted PM calls for defence spending 2-years ahead of schedule.</li>
<li>Samsung and S&amp;S Tech filing patents for EUV mask blanks the end for Hoya?</li>
</ul>


Lam Research beat, but with 43% of revs still coming from China the market reaction is muted.
Japan's newly minted PM calls for defence spending 2-years ahead of schedule.
Samsung and S&amp;S Tech filing patents for EUV mask blanks the end for Hoya?


Japan Morning Connection: Tesla Front Loading and IBM's Red Hat Failing to Impress Markets

<ul>
<li>ADP jobs paints a rosy picture for rate cuts despite the lack of official data this Friday.</li>
<li>Memory melted higher again, while INTC lines up AMD as a potential Fab customer.</li>
<li>Softbank will jump after Qualcomm announced use of ARM v9 in its latest PC and smartphone chips.</li>
</ul>


ADP jobs paints a rosy picture for rate cuts despite the lack of official data this Friday.
Memory melted higher again, while INTC lines up AMD as a potential Fab customer.
Softbank will jump after Qualcomm announced use of ARM v9 in its latest PC and smartphone chips.


Japan Morning Connection: No Hoots Given as Market Beelines for Hyper Risk-On as Govt. Shuts Down

Japan

Fujitsu Ltd manufactures semiconductor, computer, and communication equipment. The Company provides comprehensive information technology, network and telecommunication solutions, and Internet services.

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Fujitsu Ltd (6702 JP)

Japan Morning Connection: Risk-Off Mood Continues, but Semi-Caps Pick up After Google Capex Surprise

The market has been quick to punish lavish spending on AI. Qualcomm's statement about the shortage of memory chips will be negative for names...

Andrew Jackson

Japan Morning Connection: Rotation Out of Tech Although AH Mixed with Lumentum up AMD Down

Software-related weak after Anthropic announced an AI tool that could fully replace existing products. Excessive weakness of Nintendo offers a...

Andrew Jackson

Japan Morning Connection: Software Takes a Hit with AI Worries Resurfacing

Excessive sell-off of Nintendo may pose an opportunity to buy. Sumitomo Forestry expected to push higher after Mizuho upgraded to buy overnight.

Andrew Jackson

Japan Morning Connection: Tesla Front Loading and IBM's Red Hat Failing to Impress Markets

Foreign Minister Moteigi's comments may lift drone companies. IBM falling after earnings may dent sentiment for the likes of Fujitsu and NEC.

Andrew Jackson

Japan Morning Connection: No Hoots Given as Market Beelines for Hyper Risk-On as Govt. Shuts Down

Expect the squeeze for pharma to continue off the open. Dell's jump up may help the likes of Fujitsu and NEC. Lam Research sets a more positive...

Andrew Jackson

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