Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>AI back in focus with NVDA's Jensen set to deliver his keynote tomorrow.</li>
<li>Intel jumping with the new CEO looking to shake up its AI lineup and further trim the fat.</li>
<li>Buffet increasing stakes in the Trading Houses extremely well flagged so don't expect much surprise.</li>
</ul>


AI back in focus with NVDA's Jensen set to deliver his keynote tomorrow.
Intel jumping with the new CEO looking to shake up its AI lineup and further trim the fat.
Buffet increasing stakes in the Trading Houses extremely well flagged so don't expect much surprise.


Japan Morning Connection: Tech Shrugging off Megacap Weakness as Quantum Shines

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Sep 11th. The aggregated net margin trading position is USD30,193m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec, Nintendo, Japan Airport Terminal, Tokyo Electron, Disco, Sumitomo Mitsui Financial.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Sep 11th. The aggregated net margin trading position is USD30,193m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec, Nintendo, Japan Airport Terminal, Tokyo Electron, Disco, Sumitomo Mitsui Financial.


JPX Margin Trading Weekly (Sep 11th): Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec

<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>Sandisk +9.7% on reports it will be hiking NAND prices by 10% in April. More to go for Kioxia and Kokusai Electric?</li>
<li>Allegro running out of oomph but I would keep adding Sanken despite the jump.</li>
<li>Nintendo -9.2% Friday on tariff concerns excessive ahead of upcoming Switch2 announcement in April.</li>
</ul>


Sandisk +9.7% on reports it will be hiking NAND prices by 10% in April. More to go for Kioxia and Kokusai Electric?
Allegro running out of oomph but I would keep adding Sanken despite the jump.
Nintendo -9.2% Friday on tariff concerns excessive ahead of upcoming Switch2 announcement in April.


Japan Morning Connection: US Dip Buying for Tech Should See Dip Buying in Japan to Start.

<ul>
<li>NVDA, SMCI and Dell investigated by Singaporean authorities over chip leaks into China.</li>
<li>Allegro +15% in the US following on from Sanken limit-up yesterday as ON circles.</li>
<li>IHI, MHI, KHI, NEC all higher yesterday but should follow EU defense peers much higher.</li>
</ul>


NVDA, SMCI and Dell investigated by Singaporean authorities over chip leaks into China.
Allegro +15% in the US following on from Sanken limit-up yesterday as ON circles.
IHI, MHI, KHI, NEC all higher yesterday but should follow EU defense peers much higher.


Japan Morning Connection: Japan Tech to Follow the US Lower, but Defense Should Have Further to Run

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Kioxia Holdings (285A JP)

Japan Morning Connection: Tech Shrugging off Megacap Weakness as Quantum Shines

AI is back in focus as NVDA GTC developers conference. Intel's new CEO aims to shake up its AI lineup. Buffet's increased stakes in Trading Houses...

Andrew Jackson

JPX Margin Trading Weekly (Sep 11th): Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), SoftBank (9984 JP), Advantest (6857 JP),...

Ke Yan, CFA, FRM

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: US Dip Buying for Tech Should See Dip Buying in Japan to Start.

Sandisk report on hiked NAND prices may cause peers Kioxia and Kokusai Elec to rally. Nintendo drops on excessive tarrif concerns. Sanken may have...

Andrew Jackson

Japan Morning Connection: Japan Tech to Follow the US Lower, but Defense Should Have Further to Run

Singaporean authorities investigate NVDA, SMCI, and Dell for chip leaks to China. Allegro takeover disscussion leading to Sanken limit-up. JP...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Tech Shrugging off Megacap Weakness as Quantum Shines

​AI is back in focus as NVDA GTC developers conference. Intel's new CEO aims to shake up its AI lineup. Buffet's increased stakes in Trading Houses...

Andrew Jackson

JPX Margin Trading Weekly (Sep 11th): Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), SoftBank (9984 JP), Advantest (6857 JP),...

Ke Yan, CFA, FRM

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: US Dip Buying for Tech Should See Dip Buying in Japan to Start.

​Sandisk report on hiked NAND prices may cause peers Kioxia and Kokusai Elec to rally. Nintendo drops on excessive tarrif concerns. Sanken may have...

Andrew Jackson

Japan Morning Connection: Japan Tech to Follow the US Lower, but Defense Should Have Further to Run

​Singaporean authorities investigate NVDA, SMCI, and Dell for chip leaks to China. Allegro takeover disscussion leading to Sanken limit-up. JP...

Andrew Jackson

AI is back in focus as NVDA GTC developers conference. Intel's new CEO aims to shake up its AI lineup. Buffet's increased stakes in Trading Houses...

Sandisk report on hiked NAND prices may cause peers Kioxia and Kokusai Elec to rally. Nintendo drops on excessive tarrif concerns. Sanken may have...

Singaporean authorities investigate NVDA, SMCI, and Dell for chip leaks to China. Allegro takeover disscussion leading to Sanken limit-up. JP...