Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>NVDA opening its AI ecosystem to the likes of Fujitsu and Qualcomm.</li>
<li>Intel's make-or-break 18A process Panther lake seems to be well received at first look.</li>
<li>Toyota announces Y3trn worth of loans for its Y6trn Industries acquisition, removing concerns for raise.</li>
</ul>


NVDA opening its AI ecosystem to the likes of Fujitsu and Qualcomm.
Intel's make-or-break 18A process Panther lake seems to be well received at first look.
Toyota announces Y3trn worth of loans for its Y6trn Industries acquisition, removing concerns for raise.


Japan Morning Connection: Computex Fails to Excite, but Dip Buyers Stepping in OTD

<ul>
<li>Power/Analog semi names were buoyed by Microchip Tech comments for a downcycle inflection.</li>
<li>JP Heavies MHI and KHI both failed to impress on Friday, but MHI may see interest on news for possible jet export.</li>
<li>Trump looking to cut pharma costs by 30-80% will add to the uncertainty for JP pharma with high medicare and medicaid exposure.</li>
</ul>


Power/Analog semi names were buoyed by Microchip Tech comments for a downcycle inflection.
JP Heavies MHI and KHI both failed to impress on Friday, but MHI may see interest on news for possible jet export.
Trump looking to cut pharma costs by 30-80% will add to the uncertainty for JP pharma with high medicare and medicaid exposure.


Japan Morning Connection: US-China Talks End on Positive Note Adding to the Bullish Tone to Start

Japan Specialist

Mark Chadwick

<ul>
<li>Japanese equities advanced in a holiday-shortened week, buoyed by global risk-on sentiment and a weaker yen</li>
<li>Strangely, Services PMI rose to 52.4 in April, showing continued expansion with stronger new orders despite falling business confidence and other lead indicators</li>
<li>NTT Data Corp (9613 JP)  stock surged +41% this week following the announcement that parent company NTT will launch a tender offer to acquire all remaining shares</li>
</ul>


Japanese equities advanced in a holiday-shortened week, buoyed by global risk-on sentiment and a weaker yen
Strangely, Services PMI rose to 52.4 in April, showing continued expansion with stronger new orders despite falling business confidence and other lead indicators
NTT Data Corp (9613 JP)  stock surged +41% this week following the announcement that parent company NTT will launch a tender offer to acquire all remaining shares


<ul>
<li>UK deal and anticipation of a positive outcome to China talks lifting positioning into risk assets.</li>
<li>Quantum computing names flying after D-wave numbers may lift Socionext.</li>
<li>Nintendo numbers obviously conservative, while Ibiden points to a bigger NVDA product mix + index upside.</li>
</ul>


UK deal and anticipation of a positive outcome to China talks lifting positioning into risk assets.
Quantum computing names flying after D-wave numbers may lift Socionext.
Nintendo numbers obviously conservative, while Ibiden points to a bigger NVDA product mix + index upside.


Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

<ul>
<li>Intel jumping on plans to cut its bloated workforce and streamline management.</li>
<li>EV plays should pick up after Tesla held after mkt gains from yesterday.</li>
<li>Boeing numbers will help the heavies with better FCF and production outlooks.</li>
</ul>


Intel jumping on plans to cut its bloated workforce and streamline management.
EV plays should pick up after Tesla held after mkt gains from yesterday.
Boeing numbers will help the heavies with better FCF and production outlooks.


Japan Morning Connction: Tech Surging with Trump Signalling Zero China Tariffs on a Trade Deal

Japan

IBIDEN CO, LTD. develops, produces, and markets ceramics, housing materials, and electronics.  The Company's products include printed circuit boards (PCB), graphite specialties, integrated circuit (IC) packages, ceramic fibers, melamine decorative high-pressure laminates, and pre-cut structural materials.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ibiden Co Ltd (4062 JP)

Japan Morning Connection: Computex Fails to Excite, but Dip Buyers Stepping in OTD

May be further upside for Fujitsu following NVDA NVLink announcement, Intel's new product recieves positive feedback, Toyota discussing loan for...

Andrew Jackson

Japan Morning Connection: US-China Talks End on Positive Note Adding to the Bullish Tone to Start

Tech names outperformed the market led by analog/MPU/power semiconductor manufacturer Microchip Technology. Uncertainty for JP Pharma as Trump...

Andrew Jackson

Japan Strategy Weekly | Tariff Relief

Japanese equities rose due to global risk-on sentiment and a weaker yen, Services PMI increased despite falling business confidence, and NTT Data...

Mark Chadwick

Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

Positioning into risk assets with UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Andrew Jackson

Japan Morning Connction: Tech Surging with Trump Signalling Zero China Tariffs on a Trade Deal

Intel plans to cut workforce and streamline management, EV plays may continue to rise after Tesla's gains, Boeing's improved numbers to benefit...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Computex Fails to Excite, but Dip Buyers Stepping in OTD

May be further upside for Fujitsu following NVDA NVLink announcement, Intel's new product recieves positive feedback, Toyota discussing loan for...

Andrew Jackson

Japan Morning Connection: US-China Talks End on Positive Note Adding to the Bullish Tone to Start

Tech names outperformed the market led by analog/MPU/power semiconductor manufacturer Microchip Technology. Uncertainty for JP Pharma as Trump...

Andrew Jackson

Japan Strategy Weekly | Tariff Relief

​Japanese equities rose due to global risk-on sentiment and a weaker yen, Services PMI increased despite falling business confidence, and NTT Data...

Mark Chadwick

Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

Positioning into risk assets with ​UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Andrew Jackson

Japan Morning Connction: Tech Surging with Trump Signalling Zero China Tariffs on a Trade Deal

​Intel plans to cut workforce and streamline management, EV plays may continue to rise after Tesla's gains, Boeing's improved numbers to benefit...

Andrew Jackson

Japanese equities rose due to global risk-on sentiment and a weaker yen, Services PMI increased despite falling business confidence, and NTT Data...

Positioning into risk assets with UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Intel plans to cut workforce and streamline management, EV plays may continue to rise after Tesla's gains, Boeing's improved numbers to benefit...