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>Alphabet revealed plans to spend aggressively on AI computing capacity, a positive for semi-caps and Japan’s SPE firms.</li>
<li>A mild negative for Harmonic Drive after Musk flagged that scaling Optimus production will be tough to scale.</li>
<li>News that SK Hynix is being considered as a partner to run Intel's Ohio campus is a positive for SPE names in Intel's supply chain and memory-related names.</li>
</ul>


Alphabet revealed plans to spend aggressively on AI computing capacity, a positive for semi-caps and Japan’s SPE firms.
A mild negative for Harmonic Drive after Musk flagged that scaling Optimus production will be tough to scale.
News that SK Hynix is being considered as a partner to run Intel's Ohio campus is a positive for SPE names in Intel's supply chain and memory-related names.


Japan Morning Connection: Intel Supply Chain in Focus as SK Hynix Eyed for Ohio Campus Role

<ul>
<li>QD Laser and other optical names may see a small lift after Barclays upgraded Lumentum to overweight on the optical hardware outlook.</li>
<li>TEL, Lasertec and Screen worth watching this week ahead of Intel earnings, with capex spending expected to come in above estimates.</li>
<li>Kioxia may catch a bid ahead of CXMT's listing on July 27, with the institutional tranche reportedly 570x oversubscribed.</li>
</ul>


QD Laser and other optical names may see a small lift after Barclays upgraded Lumentum to overweight on the optical hardware outlook.
TEL, Lasertec and Screen worth watching this week ahead of Intel earnings, with capex spending expected to come in above estimates.
Kioxia may catch a bid ahead of CXMT's listing on July 27, with the institutional tranche reportedly 570x oversubscribed.


Japan Morning Connection: AI Setup Remains Tepid but Kioxia May Catch a Bid with CXMT Oversubscribed

<ul>
<li>After a selloff yesterday, AI names are set to recover as NVDA's Kyber roadmap fears ease.</li>
<li>Likely we see a break for NEC Corp which has been trading better recently with flows moving out of SPE.</li>
<li>Interesting to see GS upgrade Nitto Boseki to buy on the expectation that the supply-demand balance for T-glass used in chip packaging will remain significantly tighter than previous assumptions.</li>
</ul>


After a selloff yesterday, AI names are set to recover as NVDA's Kyber roadmap fears ease.
Likely we see a break for NEC Corp which has been trading better recently with flows moving out of SPE.
Interesting to see GS upgrade Nitto Boseki to buy on the expectation that the supply-demand balance for T-glass used in chip packaging will remain significantly tighter than previous assumptions.


Japan Morning Connection: TDK Lags as Peers with More MLCC Exposure Capture AI-Driven Gains

<ul>
<li>Recent SPE winners Kokusai, Screen and TEL set to open weak but excessive drops may offer an opportunity to add.</li>
<li>A positive for Softbank if the potentially less competitive marketplace for frontier models is seen as positive for OpenAI.</li>
<li>Fujitsu and NEC may offer a safe haven after strong overnight moves for software names following Guggenheim upgrades.</li>
</ul>


Recent SPE winners Kokusai, Screen and TEL set to open weak but excessive drops may offer an opportunity to add.
A positive for Softbank if the potentially less competitive marketplace for frontier models is seen as positive for OpenAI.
Fujitsu and NEC may offer a safe haven after strong overnight moves for software names following Guggenheim upgrades.


Japan Morning Connection: SPEs Face Pullback as Meta Enters Cloud Infrastructure

Japan

SCREEN Holdings Co Ltd.  manufactures and sell semiconductors, FPD devices, commercial printing and printed circuit boards(PCB). The company also provides additional services for its products.

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SCREEN Holdings (7735 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: Intel Supply Chain in Focus as SK Hynix Eyed for Ohio Campus Role

News that SK Hynix is being considered as a partner to run Intel's Ohio campus is a positive for SPE names in Intel's supply chain and memory...

Andrew Jackson

Japan Morning Connection: AI Setup Remains Tepid but Kioxia May Catch a Bid with CXMT Oversubscribed

Kioxia may catch a bid on CXMT's oversubscribed IPO. TEL, Lasertec and Screen worth watching this week ahead of Intel earnings. Optical names may...

Andrew Jackson

Japan Morning Connection: TDK Lags as Peers with More MLCC Exposure Capture AI-Driven Gains

AI names set for a relief rally as NVDA roadmap fears ease. MLCC exposed plays Murata and Taiyo Yuden outperform TDK while it is weighed down by...

Andrew Jackson

Japan Morning Connection: SPEs Face Pullback as Meta Enters Cloud Infrastructure

Japanese SPEs may give back some recent gains on Meta's cloud move, though dips could offer opportunity. Space and software names may benefit from...

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: Intel Supply Chain in Focus as SK Hynix Eyed for Ohio Campus Role

News that SK Hynix is being considered as a partner to run Intel's Ohio campus is a positive for SPE names in Intel's supply chain and memory...

Andrew Jackson

Japan Morning Connection: AI Setup Remains Tepid but Kioxia May Catch a Bid with CXMT Oversubscribed

Kioxia may catch a bid on CXMT's oversubscribed IPO. TEL, Lasertec and Screen worth watching this week ahead of Intel earnings. Optical names may...

Andrew Jackson

Japan Morning Connection: TDK Lags as Peers with More MLCC Exposure Capture AI-Driven Gains

AI names set for a relief rally as NVDA roadmap fears ease. MLCC exposed plays Murata and Taiyo Yuden outperform TDK while it is weighed down by...

Andrew Jackson

Japan Morning Connection: SPEs Face Pullback as Meta Enters Cloud Infrastructure

Japanese SPEs may give back some recent gains on Meta's cloud move, though dips could offer opportunity. Space and software names may benefit from...

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...