Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Lasertec, TEL, Screen and TOK to benefit from Intel's strong earnings.</li>
<li>Disco's guidance miss may present a chance to buy the dip.</li>
<li>Power-Semi’s may be under the pump after STMicro tanked -17.7% in EU and -18.7% in US trading from earnings disappointment. </li>
</ul>


Lasertec, TEL, Screen and TOK to benefit from Intel's strong earnings.
Disco's guidance miss may present a chance to buy the dip.
Power-Semi’s may be under the pump after STMicro tanked -17.7% in EU and -18.7% in US trading from earnings disappointment. 


Japan Morning Connection: Intel's Big Beat and Capex Guidance Raise Set to Lift JP Suppliers and SPE

<ul>
<li>Can expect more from the likes of Rakus Co Ltd, Shift Inc, NEC Corp and Fujitsu Ltd which all traded well yesterday on the rotation away from frontline AI plays.</li>
<li>It would make sense to see interest in physical AI FA plays such as Yaskawa Electric, Mitsubishi Electric, Keyence Corp and Fanuc Corp as alternative exposure to the AI theme.</li>
<li>The power semis such as Fuji Electric, ROHM Co Ltd and Renesas Electronics should hold up after a strong day for the sector in the US.</li>
</ul>


Can expect more from the likes of Rakus Co Ltd, Shift Inc, NEC Corp and Fujitsu Ltd which all traded well yesterday on the rotation away from frontline AI plays.
It would make sense to see interest in physical AI FA plays such as Yaskawa Electric, Mitsubishi Electric, Keyence Corp and Fanuc Corp as alternative exposure to the AI theme.
The power semis such as Fuji Electric, ROHM Co Ltd and Renesas Electronics should hold up after a strong day for the sector in the US.


Japan Morning Connection: Physical AI FA Plays May Draw Fresh Interest as Alternative AI Exposure

<ul>
<li>SOX up ~80% this quarter, one of its biggest ever gains, making quarter-end profit-taking a real risk for high-flying AI names over the next two sessions.</li>
<li>Rohm, Fuji Elec, Renesas and Sanken likely to open weak after Onsemi -24% taken as a warning that there isn’t much upside for power/industrial makers in the DC arena.</li>
<li>European heatwave puts Daikin, Mitsubishi Electric and Panasonic A/C names in focus as a potential distraction from AI volatility into quarter end.</li>
</ul>


SOX up ~80% this quarter, one of its biggest ever gains, making quarter-end profit-taking a real risk for high-flying AI names over the next two sessions.
Rohm, Fuji Elec, Renesas and Sanken likely to open weak after Onsemi -24% taken as a warning that there isn’t much upside for power/industrial makers in the DC arena.
European heatwave puts Daikin, Mitsubishi Electric and Panasonic A/C names in focus as a potential distraction from AI volatility into quarter end.


Japan Morning Connection: AI Names Increasingly Volatile with SOX Reversal and Quarter-End Pressure

<ul>
<li>Kioxia set for a strong day as Micron signs strategic partnership with Anthropic and BofA hikes TP pulling memory names higher.</li>
<li>Power semis Fuji Electric, Rohm and Renesas set for a good day after Onsemi +8.2% and broader industrial semi strength overnight.</li>
<li>SWCC may catch a bid after being upgraded to buy by Mizuho overnight.</li>
</ul>


Kioxia set for a strong day as Micron signs strategic partnership with Anthropic and BofA hikes TP pulling memory names higher.
Power semis Fuji Electric, Rohm and Renesas set for a good day after Onsemi +8.2% and broader industrial semi strength overnight.
SWCC may catch a bid after being upgraded to buy by Mizuho overnight.


Japan Morning Connection: QD Laser Set to Continue Gains as Details Emerge on Partnership with TDK

<ul>
<li>Fujikura raises FY OP guidance by 47% on strong optical component orders.</li>
<li>Intel suppliers Lasertec +40%, Ibiden +41% and TEL +20% over last 5 days set for further gains on Intel Apple deal news.</li>
<li>Rohm, Renesas and Fuji Electric set for further upside after Wolfspeed jumps on datacentre demand comments.</li>
</ul>


Fujikura raises FY OP guidance by 47% on strong optical component orders.
Intel suppliers Lasertec +40%, Ibiden +41% and TEL +20% over last 5 days set for further gains on Intel Apple deal news.
Rohm, Renesas and Fuji Electric set for further upside after Wolfspeed jumps on datacentre demand comments.


Japan Morning Connection: War End and Intel Apple Deal Send Optical and Semi Names Surging

Japan

ROHM COMPANY LIMITED manufactures custom linear integrated circuits and semiconductor devices for use primarily in consumer electronics.  The Company has plants and sales offices worldwide.  Rohm's subsidiaries include Wako Electric and Apollo Electronics.

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ROHM Co Ltd (6963 JP)

Japan Morning Connection: Intel's Big Beat and Capex Guidance Raise Set to Lift JP Suppliers and SPE

Intel's strong earnings will benefit Lasertec, TEL, Screen, and TOK. Disco's guidance miss could be a buying opportunity. Power-Semi's may face...

Andrew Jackson

Japan Morning Connection: Physical AI FA Plays May Draw Fresh Interest as Alternative AI Exposure

Expect a continuation of the shift away from frontline AI plays. Interest in physical AI FA plays may see an increase as alternative exposure to...

Andrew Jackson

Japan Morning Connection: AI Names Increasingly Volatile with SOX Reversal and Quarter-End Pressure

Japanese AI and semi names face a rocky quarter end with power/industrial stocks, memory names and Softbank all under pressure, while A/C names may...

Andrew Jackson

Japan Morning Connection: QD Laser Set to Continue Gains as Details Emerge on Partnership with TDK

QD Laser limit up yesterday and set to build on gains as TDK XR glasses partnership details emerge and Retissa Viewclear featured on TV Tokyo.

Andrew Jackson

Japan Morning Connection: War End and Intel Apple Deal Send Optical and Semi Names Surging

War end and oil falling to send Japan's optical and semi names surging higher. Memory hits new ATHs while Intel suppliers set for even more gains...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Intel's Big Beat and Capex Guidance Raise Set to Lift JP Suppliers and SPE

​Intel's strong earnings will benefit Lasertec, TEL, Screen, and TOK. Disco's guidance miss could be a buying opportunity. Power-Semi's may face...

Andrew Jackson

Japan Morning Connection: Physical AI FA Plays May Draw Fresh Interest as Alternative AI Exposure

Expect a continuation of the shift away from frontline AI plays. Interest in physical AI FA plays may see an increase as alternative exposure to...

Andrew Jackson

Japan Morning Connection: AI Names Increasingly Volatile with SOX Reversal and Quarter-End Pressure

Japanese AI and semi names face a rocky quarter end with power/industrial stocks, memory names and Softbank all under pressure, while A/C names may...

Andrew Jackson

Japan Morning Connection: QD Laser Set to Continue Gains as Details Emerge on Partnership with TDK

QD Laser limit up yesterday and set to build on gains as TDK XR glasses partnership details emerge and Retissa Viewclear featured on TV Tokyo.

Andrew Jackson

Japan Morning Connection: War End and Intel Apple Deal Send Optical and Semi Names Surging

War end and oil falling to send Japan's optical and semi names surging higher. Memory hits new ATHs while Intel suppliers set for even more gains...

Andrew Jackson

Intel's strong earnings will benefit Lasertec, TEL, Screen, and TOK. Disco's guidance miss could be a buying opportunity. Power-Semi's may face...