Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Tension between China and Japan look set to rise further with talks failing to ease frictions.</li>
<li>Travel names remain vulnerable despite Govt. run tour groups having less clout than they used to.</li>
<li>Medtech may do better on defensive bid and Medtronic, but Sysmex continues to slide.</li>
</ul>


Tension between China and Japan look set to rise further with talks failing to ease frictions.
Travel names remain vulnerable despite Govt. run tour groups having less clout than they used to.
Medtech may do better on defensive bid and Medtronic, but Sysmex continues to slide.


Japan Morning Connection: More AI and Tech Pain Ahead of NVDA Tomorrow

<ul>
<li>MS downgrades PC makers on risk high memory prices eat into margins.</li>
<li>China angst against Takaichi TW comments will cause JP rails, hotels etc. to fall further.</li>
<li>Advantest CEO meeting yesterday unlikely enough to appease investor demands after huge run.</li>
</ul>


MS downgrades PC makers on risk high memory prices eat into margins.
China angst against Takaichi TW comments will cause JP rails, hotels etc. to fall further.
Advantest CEO meeting yesterday unlikely enough to appease investor demands after huge run.


Japan Morning Connection: Tech Skittish Ahead of NVDA but Memory Continues to Run

<ul>
<li>NAND memory spot prices surge another 17% WoW on worsening S/D dynamics.</li>
<li>No take-over for Trend Micro, but an accelerated buyback will be enough for a short-term squeeze.</li>
<li>Sanken may be back in focus given its deep disc NAV as sentiment rises for power and industrial names.</li>
</ul>


NAND memory spot prices surge another 17% WoW on worsening S/D dynamics.
No take-over for Trend Micro, but an accelerated buyback will be enough for a short-term squeeze.
Sanken may be back in focus given its deep disc NAV as sentiment rises for power and industrial names.


Japan Morning Connection: Power and Industrial Semis in Focus After Infineon Big Beat on AI

<ul>
<li>Bullish growth estimates from AMD will help alleviate negativity to start.</li>
<li>Yesterday saw some disappointing SPE/semi results from Kokusai Elec, Sumco and JX Advanced metals.</li>
<li>Sony surprised to the upside with a flurry of analysts weighing in with TP hikes overnight.</li>
</ul>


Bullish growth estimates from AMD will help alleviate negativity to start.
Yesterday saw some disappointing SPE/semi results from Kokusai Elec, Sumco and JX Advanced metals.
Sony surprised to the upside with a flurry of analysts weighing in with TP hikes overnight.


Japan Morning Connection: Softbank Numbers Smash Estimates, but Selling NVDA Sours Market Overall

<ul>
<li>SMCI (bad)and AMD (good) numbers failing to lift the mood AH with CEO’s of GS, MS, Capital Group calling for a correction.</li>
<li>Lasertec, Advantest, TEL and Kokusai likely to wobble at the open, but it may be too early for dip-buying yet.</li>
<li>Nintendo posts impressive numbers and guidance looks obviously conservative with the NSW2 set to be their best selling console ever.</li>
</ul>


SMCI (bad)and AMD (good) numbers failing to lift the mood AH with CEO’s of GS, MS, Capital Group calling for a correction.
Lasertec, Advantest, TEL and Kokusai likely to wobble at the open, but it may be too early for dip-buying yet.
Nintendo posts impressive numbers and guidance looks obviously conservative with the NSW2 set to be their best selling console ever.


Japan Morning Connection: AI Takes a Hit Overnight on Renewed Calls that the AI Market Is Overheated

Japan

Kokusai Electric Corporation manufactures and distributes semiconductor manufacturing systems. The Company produces batch processing systems, single wafer processing systems, and other systems. Kokusai Electric also operates advanced thermal process technology development, training, and other businesses.

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Kokusai Electric (6525 JP)

Japan Morning Connection: More AI and Tech Pain Ahead of NVDA Tomorrow

Some big moves down for SPE and AI related. Diplomatic tensions continue between Japan and China. JP Medtech names may get a lift from Medtronic's...

Andrew Jackson

Japan Morning Connection: Tech Skittish Ahead of NVDA but Memory Continues to Run

JP SPE rebound momentum likely to drop out following the shaky lead overnight. JR rails and hotel names may trade down following tensions with...

Andrew Jackson

Japan Morning Connection: Power and Industrial Semis in Focus After Infineon Big Beat on AI

Slight tech rebound led by power semis. Smaller NAND buyers not having access to wholesale suppliers, buying from spot market and driving up...

Andrew Jackson

Japan Morning Connection: Softbank Numbers Smash Estimates, but Selling NVDA Sours Market Overall

NVDA spooked by Softbank selling its stake to pay for AI investments. Coreweave's reduced sales guidance contributed to the widespread weakness.

Andrew Jackson

Japan Morning Connection: AI Takes a Hit Overnight on Renewed Calls that the AI Market Is Overheated

Nintendo guidance looks conservative, with CEO comments that the NSW2 could surpass the Nintendo DS as the best selling console ever. SMCI -10% in...

Andrew Jackson

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