Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Kioxia +650% YTD, and the most crowded name on the TSE, likely to face sharp selling at the open.</li>
<li>Optical fiber names Furukawa, SEI and Fujikura all in the firing line along with MLCC plays Taiyo Yuden, Murata and TDK.</li>
<li>Expect a sharp rotation back to domestic defensives and the software plays.</li>
</ul>


Kioxia +650% YTD, and the most crowded name on the TSE, likely to face sharp selling at the open.
Optical fiber names Furukawa, SEI and Fujikura all in the firing line along with MLCC plays Taiyo Yuden, Murata and TDK.
Expect a sharp rotation back to domestic defensives and the software plays.


Japan Morning Connection: AI Rally Faces a Correction After SOX Has Biggest Drop in 6 Years

<ul>
<li>Shin Etsu likely to catch up today after Sumco's +19.23% move on Nomura TP raise from AI wafer demand.</li>
<li>Fuji Electric may get more attention after plans to launch a new liquid cooling product for servers which could reduce power by as much as 85%.</li>
<li>A surge in the US for software should help NEC, Fujitsu, OBIC which are all not far from their lows.</li>
</ul>


Shin Etsu likely to catch up today after Sumco's +19.23% move on Nomura TP raise from AI wafer demand.
Fuji Electric may get more attention after plans to launch a new liquid cooling product for servers which could reduce power by as much as 85%.
A surge in the US for software should help NEC, Fujitsu, OBIC which are all not far from their lows.


Japan Morning Connection: Blue Origin Blast Will Only Add to SpaceX IPO Excitement

<ul>
<li>NVDA numbers hard to fault to expect continued strength in Japan SPE, and I would watch for a rebound from Ibiden after yesterday's dip.</li>
<li>Software rebounded so watch NEC Hitachi and Fujitsu, although Salesforce weakness AH may take the shine off.</li>
<li>SMCI's C-Node X AI infrastructure stack in partnership with Vast and NVDA may help Nidec catch a bid.</li>
</ul>


NVDA numbers hard to fault to expect continued strength in Japan SPE, and I would watch for a rebound from Ibiden after yesterday's dip.
Software rebounded so watch NEC Hitachi and Fujitsu, although Salesforce weakness AH may take the shine off.
SMCI's C-Node X AI infrastructure stack in partnership with Vast and NVDA may help Nidec catch a bid.


Japan Morning Connection: Navitas Semi Numbers Show Increased Adoption of GaN/SiC Power Components

<ul>
<li>Markets reacting to a dystopian Citrini Research report highlighting the danger AI poses to the consumer driven economy.</li>
<li>Software takes another hit with IBM posting its biggest loses since 2000 on fears AI eats into its mainframe biz.</li>
<li>Semi-Caps are outperformers ahead of the NVDA numbers on Wednesday.</li>
</ul>


Markets reacting to a dystopian Citrini Research report highlighting the danger AI poses to the consumer driven economy.
Software takes another hit with IBM posting its biggest loses since 2000 on fears AI eats into its mainframe biz.
Semi-Caps are outperformers ahead of the NVDA numbers on Wednesday.


Japan Morning Connection: AI Fears Spread with Financials and Insurance Down Sharply

<ul>
<li>SMCI strong after showcasing its latest server products, while BESI drops -7.5% with its earnings beat not big enough.</li>
<li>AI plays in unlikely places: Oji Paper and Toto emerging from the bathroom to the cleanroom.</li>
<li>JSW +9.2% yesterday on US infrastructure potential, but likely we see more upside for Heavies as further conflict in the Middle East looms.</li>
</ul>


SMCI strong after showcasing its latest server products, while BESI drops -7.5% with its earnings beat not big enough.
AI plays in unlikely places: Oji Paper and Toto emerging from the bathroom to the cleanroom.
JSW +9.2% yesterday on US infrastructure potential, but likely we see more upside for Heavies as further conflict in the Middle East looms.


Japan Morning Connection: Markets Spooked by the Specter of Attacks on Iran

Japan

Hitachi, Ltd. manufactures communications and electronic equipment, heavy electrical and industrial machinery, and consumer electronics.  The Company's diverse product line ranges from nuclear power systems to kitchen appliances. Hitachi also operates subsidiaries in the wire and cable, metal, and chemical industries.

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Hitachi Ltd (6501 JP)

Japan Morning Connection: AI Rally Faces a Correction After SOX Has Biggest Drop in 6 Years

SOX worst day in 6 years leaves Japan's AI names facing a tough open. Expect a sharp rotation back to domestic defensives and the software plays.

Andrew Jackson

Japan Morning Connection: Blue Origin Blast Will Only Add to SpaceX IPO Excitement

Space names Axelspace, QPS, Synspective and Astroscale all sold off Friday on Blue Origin explosion but unlikely to wallow long with SpaceX IPO...

Andrew Jackson

Japan Morning Connection: Navitas Semi Numbers Show Increased Adoption of GaN/SiC Power Components

Expectations missed after President's speech yesterday, negative for Sumitomo Forestry which been volatile since announcing new acquisition. Bain...

Andrew Jackson

Japan Morning Connection: AI Fears Spread with Financials and Insurance Down Sharply

The US banking sector took a hit after a bearish AI dystopian report from Citrini Research focused on ‘the human intelligence displacement spiral’.

Andrew Jackson

Japan Morning Connection: Markets Spooked by the Specter of Attacks on Iran

Markets spooked by the specter of attacks on Iran as Trump looks for ways to force a deal. Power and industrial semi’s underperformed while Tech...

Andrew Jackson

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