Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>Kioxia set for inclusion in the Nikkei Semiconductor Index next week, alongside JX Advanced Metals, less than one day's average daily volume in passive inflow at the close.</li>
<li>Kioxia's Q2 2025 results show an accelerating QoQ recovery and solid Q3 2025 forecasts, driven by high demand from data center and smart device products, confirming effective business structure reform.</li>
<li>Stock is fairly valued after 2025 rally, potential weaknesses being value metrics such as P/E alongside execution of margin and product pipeline targets.</li>
</ul>


Kioxia set for inclusion in the Nikkei Semiconductor Index next week, alongside JX Advanced Metals, less than one day's average daily volume in passive inflow at the close.
Kioxia's Q2 2025 results show an accelerating QoQ recovery and solid Q3 2025 forecasts, driven by high demand from data center and smart device products, confirming effective business structure reform.
Stock is fairly valued after 2025 rally, potential weaknesses being value metrics such as P/E alongside execution of margin and product pipeline targets.


The Nikkei Semiconductor Index Rebalance, Kioxia, Nikkei Volatility Hedge

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<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

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>12 months on from the Tender Offer which changed the shape of the shareholder register, <a href="https://www.smartkarma.com/entities/sun-corp" target="_blank" data-smartkarma-citation="entities:10803:1" rel="noopener">Sun Corp (6736 JP)</a> is up small and its main asset Cellebrite is -10%.</li>
<li>The value of the rest of Sun Corp has probably increased to cover that 10% through new business earnings, but the main value is still Cellebrite. An exit still awaited.</li>
<li>Now Cellebrite is lower, and SunCorp is lower (but recently rising) and SunCorp has announced a buyback which accounts for a big chunk of Real World Float. Hmmm...</li>
</ul>


12 months on from the Tender Offer which changed the shape of the shareholder register, Sun Corp (6736 JP) is up small and its main asset Cellebrite is -10%.
The value of the rest of Sun Corp has probably increased to cover that 10% through new business earnings, but the main value is still Cellebrite. An exit still awaited.
Now Cellebrite is lower, and SunCorp is lower (but recently rising) and SunCorp has announced a buyback which accounts for a big chunk of Real World Float. Hmmm...


Sun Corp (6736) - CLBT Has Round-Tripped, But Now Better ParentCo and a Buyback so Set-Up Is Better

<ul>
<li>Oracle order for millions of homes worth of power consumption sends DC and server related higher.</li>
<li>Power semis also up as analysts continue to take a more constructive view.</li>
<li>Gaming names may bounce after yesterdays dip given they are seen as 'tariff proof' ahead of deadline.</li>
</ul>


Oracle order for millions of homes worth of power consumption sends DC and server related higher.
Power semis also up as analysts continue to take a more constructive view.
Gaming names may bounce after yesterdays dip given they are seen as 'tariff proof' ahead of deadline.


Japan Morning Connection: AI and Tech Snaps Back with SOX at Recent Highs

<ul>
<li>Comments from STMicro CEO reflect a similar positiveness from Onsemi management for auto and industrial chips.</li>
<li>Memory plays strong but still limited follow through for Japanese HDD component makers.</li>
<li>Plant Labs strong earnings highlights the importance of satellite images...positive IQPS, Synspective and Sky perfect.</li>
</ul>


Comments from STMicro CEO reflect a similar positiveness from Onsemi management for auto and industrial chips.
Memory plays strong but still limited follow through for Japanese HDD component makers.
Plant Labs strong earnings highlights the importance of satellite images...positive IQPS, Synspective and Sky perfect.


Japan Morning Connection: Power/Analog Semi Names Leading Tech Higher once Again

Japan

Sanken Electric Co., Ltd. manufactures and sells discrete semiconductors such as diodes and transistors, and analog integrated circuits.  The Company also manufactures various kinds of adapters and surge/transient protectors.

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Sanken Electric (6707 JP)

The Nikkei Semiconductor Index Rebalance, Kioxia, Nikkei Volatility Hedge

Kioxia to be added to Nikkei Semiconductor Index after positive Q2 results and optimistic Q3 forecasts, but potential concerns over valuation and...

Jay Cameron

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

Sun Corp (6736) - CLBT Has Round-Tripped, But Now Better ParentCo and a Buyback so Set-Up Is Better

Since I wrote 3 weeks ago, CLBT is up 20%, Sun Corp is up 10%, the discount is wider. US domestic political stress will only increase the demand...

Travis Lundy

Japan Morning Connection: AI and Tech Snaps Back with SOX at Recent Highs

DC and server-related stocks boosted by Oracle's deal, while power semiconductors rise with positive outlook. Gaming stocks may rebound after a...

Andrew Jackson

Japan Morning Connection: Power/Analog Semi Names Leading Tech Higher once Again

Onsemi +6.1% setting a good tone for JP peers. Japaenese satallite names performing well ahead of Japan's MoD announcement.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Nikkei Semiconductor Index Rebalance, Kioxia, Nikkei Volatility Hedge

​Kioxia to be added to Nikkei Semiconductor Index after positive Q2 results and optimistic Q3 forecasts, but potential concerns over valuation and...

Jay Cameron

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

Sun Corp (6736) - CLBT Has Round-Tripped, But Now Better ParentCo and a Buyback so Set-Up Is Better

Since I wrote 3 weeks ago, CLBT is up 20%, Sun Corp is up 10%, the discount is wider. US domestic political stress will only increase the demand...

Travis Lundy

Japan Morning Connection: AI and Tech Snaps Back with SOX at Recent Highs

DC and server-related stocks boosted by Oracle's deal, while power semiconductors rise with positive outlook. Gaming stocks may rebound after a...

Andrew Jackson

Japan Morning Connection: Power/Analog Semi Names Leading Tech Higher once Again

Onsemi +6.1% setting a good tone for JP peers. Japaenese satallite names performing well ahead of Japan's MoD announcement.

Andrew Jackson

Kioxia to be added to Nikkei Semiconductor Index after positive Q2 results and optimistic Q3 forecasts, but potential concerns over valuation and...