Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Risk-On names leading gainers in tech, while consumer disc weak after poor airlines and retailer guidance.</li>
<li>More outlets reporting on NAND hikes are on the way...look for upside for Kioxia and Kokusai Electric.</li>
<li>Puma -10.7% and a weak consumer outlook enough to take the shine off Asics?</li>
</ul>


Risk-On names leading gainers in tech, while consumer disc weak after poor airlines and retailer guidance.
More outlets reporting on NAND hikes are on the way...look for upside for Kioxia and Kokusai Electric.
Puma -10.7% and a weak consumer outlook enough to take the shine off Asics?


Japan Morning Connection: US Respite and UKR News Should Be Enough for JP Upside

<ul>
<li>Japan's SPE rebound yesterday led by Lasertec -10% may be short lived.</li>
<li>However, NVDA's week-long developers conference from Monday may act as dip buying catalyst.</li>
<li>Still room for EU related plays to gain with many related names inherently defensive.</li>
</ul>


Japan's SPE rebound yesterday led by Lasertec -10% may be short lived.
However, NVDA's week-long developers conference from Monday may act as dip buying catalyst.
Still room for EU related plays to gain with many related names inherently defensive.


Japan Morning Connection: Bloodbath for Tech and Continued Pivot from Growth to Value

Japan Specialist

Mark Chadwick

<ul>
<li>Japanese markets experienced significant pressure this week, with the Nikkei 225 falling 4.2% and the Topix declining 2%</li>
<li>The week was dominated by escalating global trade tensions as U.S. President Donald Trump announced multiple tariff initiatives.</li>
<li>Technology stocks bore the brunt of the selling pressure, particularly chip and AI-related companies including Disco (-19%), Tokyo Electron (-12%), and Advantest (-15%).</li>
</ul>


Japanese markets experienced significant pressure this week, with the Nikkei 225 falling 4.2% and the Topix declining 2%
The week was dominated by escalating global trade tensions as U.S. President Donald Trump announced multiple tariff initiatives.
Technology stocks bore the brunt of the selling pressure, particularly chip and AI-related companies including Disco (-19%), Tokyo Electron (-12%), and Advantest (-15%).


Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

<ul>
<li>INTC +16% on the potential for a breakup should see TEL, Lasertec and Ibiden higher.</li>
<li>Micron's new SSD' offering helping memory plays up, possibly lifting Micronics even more.</li>
<li>Kokusai Electric's short interest continues to grow despite the on going squeeze...now &gt;10 dtc.</li>
</ul>


INTC +16% on the potential for a breakup should see TEL, Lasertec and Ibiden higher.
Micron's new SSD' offering helping memory plays up, possibly lifting Micronics even more.
Kokusai Electric's short interest continues to grow despite the on going squeeze...now &gt;10 dtc.


Japan Morning Connection: SPX at the ATH's and Semi-Cap Plays Looking Strong to Start

<ul>
<li>Weak tape for tech over mixed signalling out of White House.</li>
<li>Kyocera earnings missed but management seem to be pulling the right levers (finally) on the restructuring front.</li>
<li>Ibiden tarred by the Shinko brush, but what about its NVDA exposure?</li>
</ul>


Weak tape for tech over mixed signalling out of White House.
Kyocera earnings missed but management seem to be pulling the right levers (finally) on the restructuring front.
Ibiden tarred by the Shinko brush, but what about its NVDA exposure?


Japan Morning Connection: Trump Tariff U-Turn Will Help Markets Start Better

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.

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Ibiden Co Ltd (4062 JP)

Japan Morning Connection: US Respite and UKR News Should Be Enough for JP Upside

Consumer discretionary struggling due to poor guidance from airlines and retailers. NAND price hikes expected to benefit Kioxia and Kokusai Electric.

Andrew Jackson

Japan Morning Connection: Bloodbath for Tech and Continued Pivot from Growth to Value

Japan's SPE rebound may be short-lived, but NVDA's conference could boost AI related names. EU-related plays still have room to gain with pivot...

Andrew Jackson

Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Mark Chadwick

Japan Morning Connection: SPX at the ATH's and Semi-Cap Plays Looking Strong to Start

INTC +16% on potential for breakup should send JP suppliers higher, Micronics may get a further lift, Kokusai Electric short interest ontinues to...

Andrew Jackson

Japan Morning Connection: Trump Tariff U-Turn Will Help Markets Start Better

Tech stocks weak over mixed signals from the White House, Kyocera making good restructuring efforts despite earnings miss, Ibiden suffered from...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: US Respite and UKR News Should Be Enough for JP Upside

Consumer discretionary struggling due to poor guidance from airlines and retailers. NAND price hikes expected to benefit Kioxia and Kokusai Electric.

Andrew Jackson

Japan Morning Connection: Bloodbath for Tech and Continued Pivot from Growth to Value

​Japan's SPE rebound may be short-lived, but NVDA's conference could boost AI related names. EU-related plays still have room to gain with pivot...

Andrew Jackson

Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

​Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Mark Chadwick

Japan Morning Connection: SPX at the ATH's and Semi-Cap Plays Looking Strong to Start

INTC +16% on potential for breakup should send JP suppliers higher, Micronics may get a further lift, Kokusai Electric short interest ontinues to...

Andrew Jackson

Japan Morning Connection: Trump Tariff U-Turn Will Help Markets Start Better

​Tech stocks weak over mixed signals from the White House, Kyocera making good restructuring efforts despite earnings miss, Ibiden suffered from...

Andrew Jackson

Japan's SPE rebound may be short-lived, but NVDA's conference could boost AI related names. EU-related plays still have room to gain with pivot...

Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Tech stocks weak over mixed signals from the White House, Kyocera making good restructuring efforts despite earnings miss, Ibiden suffered from...