Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Lutnick floating the idea that US defense companies may be targets for the US Govt to take stakes in.</li>
<li>Good results for Eli Lily's obesity drug will be a positive for Chugai Pharma.</li>
<li>EssilorLuxottica looking to raise its stake in Nikon to 20% from the current 9%. Expect a big squeeze</li>
</ul>


Lutnick floating the idea that US defense companies may be targets for the US Govt to take stakes in.
Good results for Eli Lily's obesity drug will be a positive for Chugai Pharma.
EssilorLuxottica looking to raise its stake in Nikon to 20% from the current 9%. Expect a big squeeze


Japan Morning Connection: Tech up Ahead of NVDA Numbers with Sentiment Solid Despite China Concerns

<ul>
<li>Meta taking a $3.5bn stake in Essilor Luxottica now gives them exposure to both Nikon and Paris Miki.</li>
<li>Further positive broker rhetoric for power-semis should continues to lift Rohm, while WOLF gains positive for Renesas.</li>
<li>Intel announcing plans to sell Mobileye stake may be seen as positive for foundry expansion plans.</li>
</ul>


Meta taking a $3.5bn stake in Essilor Luxottica now gives them exposure to both Nikon and Paris Miki.
Further positive broker rhetoric for power-semis should continues to lift Rohm, while WOLF gains positive for Renesas.
Intel announcing plans to sell Mobileye stake may be seen as positive for foundry expansion plans.


Japan Morning Connection: Pharma Set for Rough Start on Trump Threats

<ul>
<li>Coherent, SMCI, Entegris all posting solid gains, while Skyworks priced in its poor outlook for its Apple biz.</li>
<li>Monolithic as much as +19% post market setting a better tone for power/analog semi related. Renesas +12.6% yesterday also.</li>
<li>Tokyo Electron numbers mixed but positive overall and any weakness at the open a good chance for dip buying.</li>
</ul>


Coherent, SMCI, Entegris all posting solid gains, while Skyworks priced in its poor outlook for its Apple biz.
Monolithic as much as +19% post market setting a better tone for power/analog semi related. Renesas +12.6% yesterday also.
Tokyo Electron numbers mixed but positive overall and any weakness at the open a good chance for dip buying.


Japan Morning Connection: Mixed Read from the US but Direction Pointing Higher

<ul>
<li>Micron named as memory supplier for NVDA GPU's sent Micronics 12% yesterday.</li>
<li>Ibiden continues to look like a big Blackwell winner with momentum increasing off recent low.</li>
<li>Big outstanding short interest for Nikon making it a squeeze ready take-over target.</li>
</ul>


Micron named as memory supplier for NVDA GPU's sent Micronics 12% yesterday.
Ibiden continues to look like a big Blackwell winner with momentum increasing off recent low.
Big outstanding short interest for Nikon making it a squeeze ready take-over target.


Big Tech Fades on NVDA While Micron, Apple Supplies Gain

<ul>
<li>US semi-cap names continuing to jump on looser US restrictions than expected.</li>
<li>See attached table for short interest levels for Japan SPE plays.</li>
<li>Gelsinger out and uncertainty up, although JP suppliers will see minimal reaction.</li>
</ul>


US semi-cap names continuing to jump on looser US restrictions than expected.
See attached table for short interest levels for Japan SPE plays.
Gelsinger out and uncertainty up, although JP suppliers will see minimal reaction.


Japan Morning Connection: Brief Respite for SPE Before Trump Likely Ratchets Higher from Jan

Japan

NIKON CORPORATION manufactures and sells cameras, lenses, semiconductor-related equipment, eyeglasses, microscopes, and measuring instruments.

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Nikon Corp (7731 JP)

Japan Morning Connection: Tech up Ahead of NVDA Numbers with Sentiment Solid Despite China Concerns

Chugai Pharma may get a lift from Eli Lily's obesity pill news, EL announced they are looking to raise their stake in Nikon which might help spark...

Andrew Jackson

Japan Morning Connection: Pharma Set for Rough Start on Trump Threats

Meta announces stake in Essilor Luxottica, with aims for AI smart glasses. A good tone set for power semis, particularly Renesas. Pharma names...

Andrew Jackson

Japan Morning Connection: Mixed Read from the US but Direction Pointing Higher

Skyworks priced in poor outlook for its Apple business. Market sets a better tone for power/anolog semi related. Any weakness in Tokyo Electron a...

Andrew Jackson

Big Tech Fades on NVDA While Micron, Apple Supplies Gain

Micron's partnership with NVDA boosts stock, Ibiden gains momentum, Nikon a potential takeover target due to high short interest.

Andrew Jackson

Japan Morning Connection: Brief Respite for SPE Before Trump Likely Ratchets Higher from Jan

US semi-cap names continue to jump on looser restrictions. Uncertainty up with Gelsinger out, but minimal impact expected on JP suppliers. See...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Tech up Ahead of NVDA Numbers with Sentiment Solid Despite China Concerns

Chugai Pharma may get a lift from Eli Lily's obesity pill news, EL announced they are looking to raise their stake in Nikon which might help spark...

Andrew Jackson

Japan Morning Connection: Pharma Set for Rough Start on Trump Threats

​Meta announces stake in Essilor Luxottica, with aims for AI smart glasses. A good tone set for power semis, particularly Renesas. Pharma names...

Andrew Jackson

Japan Morning Connection: Mixed Read from the US but Direction Pointing Higher

Skyworks priced in poor outlook for its Apple business. Market sets a better tone for power/anolog semi related. Any weakness in Tokyo Electron a...

Andrew Jackson

Big Tech Fades on NVDA While Micron, Apple Supplies Gain

​Micron's partnership with NVDA boosts stock, Ibiden gains momentum, Nikon a potential takeover target due to high short interest.

Andrew Jackson

Japan Morning Connection: Brief Respite for SPE Before Trump Likely Ratchets Higher from Jan

​US semi-cap names continue to jump on looser restrictions. Uncertainty up with Gelsinger out, but minimal impact expected on JP suppliers. See...

Andrew Jackson

Meta announces stake in Essilor Luxottica, with aims for AI smart glasses. A good tone set for power semis, particularly Renesas. Pharma names...

Micron's partnership with NVDA boosts stock, Ibiden gains momentum, Nikon a potential takeover target due to high short interest.

US semi-cap names continue to jump on looser restrictions. Uncertainty up with Gelsinger out, but minimal impact expected on JP suppliers. See...