Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>AI and tech took a backseat, although momentum significantly outperformed value which is likely to be reflected in JP.</li>
<li>Trend Micro may be in focus after analyst pushes cyber security as biggest tech trade this year.</li>
<li>KHI looking to release its own humanoid, but Harmonic joints are out of favor and worth another look after steep decline.</li>
</ul>


AI and tech took a backseat, although momentum significantly outperformed value which is likely to be reflected in JP.
Trend Micro may be in focus after analyst pushes cyber security as biggest tech trade this year.
KHI looking to release its own humanoid, but Harmonic joints are out of favor and worth another look after steep decline.


Japan Morning Connection: Oil Down and Defense up as Trump Rails at Putin and Sends More Patriots

Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlights: Currently seven pair trade opportunities persist across three markets and four sectors.
</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlights: Currently seven pair trade opportunities persist across three markets and four sectors.


Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (21 Sep 2026)

Japanese Turnaround Situations, Short-Ideas, Azabu Research

Michael Allen

Japanese Turnaround Situations, Short-Ideas

Azabu Research

Azabu Research is a publishing and consulting firm focused on distressed equities in the Japanese market. We specialize in turnaround strategies, corporate combinations, divestitures, and restructuring.

Publisher of the Tokyo Turnaround Letter, which conducts the most thorough research possible of publicly available information, including forensic tests for fraudulent overstatement of assets and understatement of liabilities, as well as rigorous market and industry analysis to assess the underlying strengths of the company’s products or services, the appropriateness of the company’s turnaround strategy, and the skill of its current management team. The average length of a report exceeds 25 pages of text and tables, excluding any disclosures or executive summaries.

We have more than 30 years of experience in applying this process to distressed equities in Japan. Additionally, subscribers have free access to detailed, yet easily navigated earnings models for the target company as well as the top five comparable companies, and unlimited access to the analyst for follow-up questions.

Azabu Research also conducts be-spoke research on a project basis, and provides consulting services to companies looking to restructure, divest, make acquisitions, go public, or improve investor sentiment toward their stock.

Independent Research and Consulting Firm

<ul>
<li>Japan is sending a delegation of top trade negotiators to the U.S, but both sides are making the same mistakes that led to WWII.</li>
<li>I asked Grok to use game theory to map out the most likely scenarios for how Japanese and U.S. governments might avoid the worst-case scenario. </li>
<li>According to Grok, both sides have a strong motivation to delay any agreement no matter what the other side offers.</li>
</ul>


Japan is sending a delegation of top trade negotiators to the U.S, but both sides are making the same mistakes that led to WWII.
I asked Grok to use game theory to map out the most likely scenarios for how Japanese and U.S. governments might avoid the worst-case scenario. 
According to Grok, both sides have a strong motivation to delay any agreement no matter what the other side offers.


Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>The logic behind the tariff is not just a slap in the face for a lot of other nations but also net imports over exports. </li>
<li>Companies benefitting from the globalization will suffer, and the ones with domestic-centric businesses with real assets in proximity may be less hurt. </li>
<li>This could accelerate the forming of new trading bloc that may change the current world order. </li>
</ul>


The logic behind the tariff is not just a slap in the face for a lot of other nations but also net imports over exports. 
Companies benefitting from the globalization will suffer, and the ones with domestic-centric businesses with real assets in proximity may be less hurt. 
This could accelerate the forming of new trading bloc that may change the current world order. 


Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262 points.</li><li>In the medium term, the index remains in a downtrend within a rounding-top pattern, within a range of 1,220-1,506 points.</li><li>Investment strategy: Sell on strength until a new technical buy signal emerges.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262 points.In the medium term, the index remains in a downtrend within a rounding-top pattern, within a range of 1,220-1,506 points.Investment strategy: Sell on strength until a new technical buy signal emerges.

Japan

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business. Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand.

Price Gauge
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Honda Motor (7267 JP)

Japan Morning Connection: Oil Down and Defense up as Trump Rails at Putin and Sends More Patriots

JP autos look ripe for a squeeze if better than expected tarrif outcome. Musk convinced by his humanoid robots despite setbacks. JP heavies should...

Andrew Jackson

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (21 Sep 2026)

Discover seven pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Will Japan's Trade-War Gamble Pay Off?

Japan's top trade negotiators are on their way to Washington, but both sides are at risk of repeating WWII mistakes. I asked Grok to use game...

Michael Allen

Tariff: New World Order?

Tariffs could shift global trade dynamics, favoring domestic-focused companies and potentially leading to the formation of new trading blocs.

Henry Soediarko

World Market Summary

Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Oil Down and Defense up as Trump Rails at Putin and Sends More Patriots

JP autos look ripe for a squeeze if better than expected tarrif outcome. Musk convinced by his humanoid robots despite setbacks. JP heavies should...

Andrew Jackson

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (21 Sep 2026)

​Discover seven pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Will Japan's Trade-War Gamble Pay Off?

​Japan's top trade negotiators are on their way to Washington, but both sides are at risk of repeating WWII mistakes. I asked Grok to use game...

Michael Allen

Tariff: New World Order?

​Tariffs could shift global trade dynamics, favoring domestic-focused companies and potentially leading to the formation of new trading blocs.

Henry Soediarko

World Market Summary

Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262...

Krungthai XSpring

Discover seven pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Japan's top trade negotiators are on their way to Washington, but both sides are at risk of repeating WWII mistakes. I asked Grok to use game...

Tariffs could shift global trade dynamics, favoring domestic-focused companies and potentially leading to the formation of new trading blocs.