Japan Long Weekend Portfolio Blowout Theme Is Working Quickly
On Thursday we highlighted a number of stock pairs that had seen extreme levels of relative performance dislocations, speculating that this was due...
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What Is Getting Blown Out of Portfolios Before the Long Weekend in Japan?
We previously highlighted the strong skew between names which have a heavy weighting in Topix vs. those which have a heavy weighting in the Nikkei....
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Harmonic Drive – Margin Deterioration Hurts Even LT Story
Almost nine months ago when Harmonic Drive released its ¥1bn OP guidance for the year we said:“That ¥1bn OP estimate may look exceedingly...
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Fanuc – Still the Ugly Duckling
Fanuc’s 3Q results beat consensus as revenue of ¥125.5bn was 1.4% above consensus at ¥123.8bn and OP of ¥19.6bn beat consensus’ ¥16.8bn by 16.7%....
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Yaskawa – No Signs of Recovery
Stock performance and financial performance for Yaskawa continue to diverge. The stock continues to rise in absolute terms though outperformance...
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