Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Good Morning Japan: A detailed look at the overnight news and market moves that will impact the trading day in Japan</li>
<li>US rally overnight on mixed employment and hopes of easing of China Covid-19 restrictions. China officials pour cold water these hopes - look for reversal  </li>
<li>Daikin Nikkei Preview - looks weak; Defense stocks likely gets support; SMBC takes that axe to SMBC Nikko CEO  - harsh. </li>
</ul>


Good Morning Japan: A detailed look at the overnight news and market moves that will impact the trading day in Japan
US rally overnight on mixed employment and hopes of easing of China Covid-19 restrictions. China officials pour cold water these hopes - look for reversal  
Daikin Nikkei Preview - looks weak; Defense stocks likely gets support; SMBC takes that axe to SMBC Nikko CEO  - harsh. 


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 Jul 31st. The aggregated net margin trading position is USD26,908m.</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, Advantest, Mitsubishi UFJ Financial, Nintendo, Tokyo Electron, Sumitomo Mitsui Trust, Mizuho Financial, Disco, Toyota Motor, Sumitomo Mitsui Financial.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Jul 31st. The aggregated net margin trading position is USD26,908m.
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, Advantest, Mitsubishi UFJ Financial, Nintendo, Tokyo Electron, Sumitomo Mitsui Trust, Mizuho Financial, Disco, Toyota Motor, Sumitomo Mitsui Financial.


JPX Margin Trading Weekly (Jul 31st): Kioxia, Advantest, Mitsubishi UFJ Financial, Nintendo, Disco

<ul>
<li>Inflation is impacting everything, from the price of pints to the cost of funerals</li>
<li>The BOJ wants more of it, but the weak yen is now officially a problem</li>
<li>What to do? If you believe we are in for a decade of inflation, then Buy Value - this week that means Japan Steel Works, MHI and Iwatani</li>
</ul>


Inflation is impacting everything, from the price of pints to the cost of funerals
The BOJ wants more of it, but the weak yen is now officially a problem
What to do? If you believe we are in for a decade of inflation, then Buy Value - this week that means Japan Steel Works, MHI and Iwatani


Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Equity Bottom-Up

<ul>
<li>We follow up our original piece after the release of full-year results and the annual IR day.</li>
<li>Some decent outperformance from the stock despite AI disruption fears.</li>
<li>Stock is cheap if the medium-term plan is achieved with Q1 results, the first scorecard.</li>
</ul>


We follow up our original piece after the release of full-year results and the annual IR day.
Some decent outperformance from the stock despite AI disruption fears.
Stock is cheap if the medium-term plan is achieved with Q1 results, the first scorecard.


NEC (6701.T) – Thesis Playing Out, Market Not Fully Convinced

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Jul 24th. The aggregated net margin trading position is USD27,589m.</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, Disco, Advantest, Mizuho Financial, Fast Retailing, Mitsubishi Heavy Industries, Tokyo Electron, Ferrotec, Dai-ichi Life, Nintendo.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Jul 24th. The aggregated net margin trading position is USD27,589m.
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, Disco, Advantest, Mizuho Financial, Fast Retailing, Mitsubishi Heavy Industries, Tokyo Electron, Ferrotec, Dai-ichi Life, Nintendo.


JPX Margin Trading Weekly (Jul 24th): Kioxia, Disco, Advantest, Mizuho Financial, Fast Retailing

Japan

Mitsubishi Heavy Industries, Ltd. is a comprehensive heavy machinery maker. The Company manufactures machinery, ships, turbines and engines, prime movers, aircrafts, and machine parts for military and commercial use.  Mitsubishi Heavy Industries also researches and develops nuclear power plants.

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Mitsubishi Heavy Industries (7011 JP)

Good Morning Japan (November 7, 2022)

The way to start your Japan trading day. "Good Morning Japan" is a detailed look at the overnight news and market moves that will impact the...

Mark Chadwick

JPX Margin Trading Weekly (Jul 31st): Kioxia, Advantest, Mitsubishi UFJ Financial, Nintendo, Disco

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

Ke Yan, CFA, FRM

Japan Weekly | Inflation Is the Story

If you believe we are in for a decade of inflation, then Buy Value - this week that means Japan Steel Works, MHI and Iwatani

Mark Chadwick

NEC (6701.T) – Thesis Playing Out, Market Not Fully Convinced

+6% after Q1results. revenue +14.5% to ¥819.8bn; non-GAAP OP +¥34.7bn to ¥74.7bn. FY OP guidance raised ¥10bn to ¥430bn (revenue +¥40bn to...

Rikki Malik

JPX Margin Trading Weekly (Jul 24th): Kioxia, Disco, Advantest, Mizuho Financial, Fast Retailing

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), Disco (6146 JP), Advantest (6857 JP), Mizuho...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)