Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Kioxia Holdings (285A JP) could have a long way to tumble only -18% from its recent highs with almost zero short interest.</li>
<li>Defense doesn’t seem to be reacting to the spectre of increased conflict in Iran with US names weak again setting a poor tone for Japanese names.</li>
<li>Nintendo launches its Super Mario galaxy movie tomorrow so may get a bit of a bid on expectations it does as well as the initial film.</li>
</ul>


Kioxia Holdings (285A JP) could have a long way to tumble only -18% from its recent highs with almost zero short interest.
Defense doesn’t seem to be reacting to the spectre of increased conflict in Iran with US names weak again setting a poor tone for Japanese names.
Nintendo launches its Super Mario galaxy movie tomorrow so may get a bit of a bid on expectations it does as well as the initial film.


Japan Morning Connection: Tech and AI Set for a Rough Open as Quarter End Profit Taking Hits Winners

<ul>
<li>Kioxia looks vulnerable as not far from its ATH's and +720% off its September lows with almost no short interest.</li>
<li>Sony and Nintendo may catch a bid if supply-demand imbalance shows signs of abating.</li>
<li>Fujitsu and NEC likely to do better as the market goes risk-off.</li>
</ul>


Kioxia looks vulnerable as not far from its ATH's and +720% off its September lows with almost no short interest.
Sony and Nintendo may catch a bid if supply-demand imbalance shows signs of abating.
Fujitsu and NEC likely to do better as the market goes risk-off.


Japan Morning Connection: Heavy Selling Expected for SPE as Uncertainty Builds

<ul>
<li>Google research touting a new memory compression technique exacerbated rotation out of memory names with Micron -18% and Sandisk -10% for the week.</li>
<li>Wafer names shrugging off the memory panic with Soitec and Siltronic higher with Sumco and Shin-Etsu set to follow.</li>
<li>SpaceX IPO buzz sent space names surging. QPS, Synspective and Astroscale all set for more upside today.</li>
</ul>


Google research touting a new memory compression technique exacerbated rotation out of memory names with Micron -18% and Sandisk -10% for the week.
Wafer names shrugging off the memory panic with Soitec and Siltronic higher with Sumco and Shin-Etsu set to follow.
SpaceX IPO buzz sent space names surging. QPS, Synspective and Astroscale all set for more upside today.


Japan Morning Connection: Kioxia Running Out of Steam as Memory Rotation Gathers Pace

<ul>
<li>Watch for big dips as an opportunity to buy QD Laser, as sentiment for laser/photonic technology is only going one way.</li>
<li>NTT Global Data Centers announced it is working on 34 projects that will double its capacity which may give  JP SPE names a bit of a boost.</li>
<li>Takaichi in the US and has dinner planned for tonight (JST) with President Trump, so it’s likely that we see outperformance in the heavies and defense plays ahead of this.</li>
</ul>


Watch for big dips as an opportunity to buy QD Laser, as sentiment for laser/photonic technology is only going one way.
NTT Global Data Centers announced it is working on 34 projects that will double its capacity which may give  JP SPE names a bit of a boost.
Takaichi in the US and has dinner planned for tonight (JST) with President Trump, so it’s likely that we see outperformance in the heavies and defense plays ahead of this.


Japan Morning Connection: Micron Blowout Numbers Overshadowed by Capex Concerns

<ul>
<li>AI lower with the US looking to impose global AI chip sales permits, although memory rallied in a general rotation to laggards.</li>
<li>Broadcom CEO throwing cold water on DC optical connectivity 'scale-up', sending Corning, Lumentum and Coherent lower setting a dour tone for JP cable plays.</li>
<li>Kioxia and PPIH make it into the NKY225, which Advantest gets capped as expected. Small surprise for Kioxia, but ADV is low for all.</li>
</ul>


AI lower with the US looking to impose global AI chip sales permits, although memory rallied in a general rotation to laggards.
Broadcom CEO throwing cold water on DC optical connectivity 'scale-up', sending Corning, Lumentum and Coherent lower setting a dour tone for JP cable plays.
Kioxia and PPIH make it into the NKY225, which Advantest gets capped as expected. Small surprise for Kioxia, but ADV is low for all.


Japan Morning Connection: Oil Spike Starting to Bite with Airlines Tumbling on the Outlook for Fuel

Japan

Kioxia Holdings Corporation manufactures semiconductor memory products. The Company develops, produces, and sells flash memory cards, solid state drives, secure digital memory cards, and other products. Kioxia Holdings also operates group management strategy formulation and management.

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Kioxia Holdings (285A JP)

Japan Morning Connection: Tech and AI Set for a Rough Open as Quarter End Profit Taking Hits Winners

Japan's AI names face a brutal open as quarter end selling accelerates. Kioxia an easy pole to slide down with almost no short interest and not far...

Andrew Jackson

Japan Morning Connection: Heavy Selling Expected for SPE as Uncertainty Builds

SPE and optical names face a brutal open as tech melts down overnight. Sony and Nintendo may be the bright spots on easing NAND cost pressures.

Andrew Jackson

Japan Morning Connection: Kioxia Running Out of Steam as Memory Rotation Gathers Pace

Memory rotation deepens as Google's compression research spooks the market. Softbank still has room to run on ARM's AI chip. SpaceX IPO buzz keeps...

Andrew Jackson

Japan Morning Connection: Micron Blowout Numbers Overshadowed by Capex Concerns

The big event overnight was Micron’s numbers after market which were blowout however the stock is selling off -5% in AH trading on the news they...

Andrew Jackson

Japan Morning Connection: Oil Spike Starting to Bite with Airlines Tumbling on the Outlook for Fuel

Shippers were lower globally after a slightly better day in Asia yesterday. Big drops for US airlines. Continues to look good for long 9202 ANA vs...

Andrew Jackson

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