Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Higher yields leading to profit taking ahead of tomorrows CPI print.</li>
<li>TEL numbers show expected WFE growth despite its pivot away from China.</li>
<li>Good numbers from Softbank, as its SVF posts strong unrealized gains on its solid unlisted pipeline.</li>
</ul>


Higher yields leading to profit taking ahead of tomorrows CPI print.
TEL numbers show expected WFE growth despite its pivot away from China.
Good numbers from Softbank, as its SVF posts strong unrealized gains on its solid unlisted pipeline.


Japan Morning Connection: Market Reflects Concerns over Tomorrow's CPI Print

<ul>
<li>US markets continue to pivot away from recent tech winners with a continued focus on Trump names.</li>
<li>Monolithic Power sold heavily on concerns it will lose NVDA mkt share to Renesas.</li>
<li>Will good numbers be enough for Recruit to break higher without more buybacks?</li>
</ul>


US markets continue to pivot away from recent tech winners with a continued focus on Trump names.
Monolithic Power sold heavily on concerns it will lose NVDA mkt share to Renesas.
Will good numbers be enough for Recruit to break higher without more buybacks?


Japan Morning Connection: Expect Japan to Reflect the US Pivot from Growth to Value

<ul>
<li>US semi-capex rebound setting a better tone for peers in Japan.</li>
<li>Poor numbers for Rohm and Wolfspeed casting a pall over SiC related.</li>
<li>Taiyo Yuden setting a bad tone for MLCC related, while Shiseido may hit new lows.</li>
</ul>


US semi-capex rebound setting a better tone for peers in Japan.
Poor numbers for Rohm and Wolfspeed casting a pall over SiC related.
Taiyo Yuden setting a bad tone for MLCC related, while Shiseido may hit new lows.


Japan Morning Connection: Will Shiseido Hit New Multi-Year Lows?

<ul>
<li>Tech and Semi's month-end weakness setting a risk-off tone for Japan to start.</li>
<li>Mag7 all down, although there are a few bright spots AH with Intel and Amazon higher.</li>
<li>Watch Ibiden earnings call for clues if their NVDA business can take over from INTC as its main driver.</li>
</ul>


Tech and Semi's month-end weakness setting a risk-off tone for Japan to start.
Mag7 all down, although there are a few bright spots AH with Intel and Amazon higher.
Watch Ibiden earnings call for clues if their NVDA business can take over from INTC as its main driver.


Japan Morning Connection: Earnings Driven Weakness Overnight Points to a Soft Start

<ul>
<li>Nervous markets overnight with a number of earnings misses adding downside pressure.</li>
<li>Tokyo Metro IPO kicks off today which should see strong demand especially from risk-adverse retail investors.</li>
<li>Tokyo Metro grey market last Y1400 vs Y1200 listing price, although bookrunners are calling higher levels to start.</li>
</ul>


Nervous markets overnight with a number of earnings misses adding downside pressure.
Tokyo Metro IPO kicks off today which should see strong demand especially from risk-adverse retail investors.
Tokyo Metro grey market last Y1400 vs Y1200 listing price, although bookrunners are calling higher levels to start.


Japan Morning Connection: Tokyo Metro IPO Should See Strong Demand

Japan

Shiseido Company, Limited manufactures cosmetic and toiletry products. The Company offers an array of makeup and skin-care products, toiletries, beauty salon, pharmaceuticals, foodstuffs, and fine chemicals.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Shiseido Company (4911 JP)

Japan Morning Connection: Market Reflects Concerns over Tomorrow's CPI Print

Profit taking ahead of CPI report, TEL shows WFE growth despite its pivot away from China, Softbank's SVF shows strong unreaslised gains on its...

Andrew Jackson

Japan Morning Connection: Expect Japan to Reflect the US Pivot from Growth to Value

US markets continue to shift focus from tech winners to Trump names, Monolithic Power sold on NVDA market share concerns, can Recruit break higher...

Andrew Jackson

Japan Morning Connection: Will Shiseido Hit New Multi-Year Lows?

US semi-capex rebound positive for peers in Japan, but bad tone is set for SiC and MLCC related sectors. Shiseido may see new multi-year lows.

Andrew Jackson

Japan Morning Connection: Earnings Driven Weakness Overnight Points to a Soft Start

Risk-off tone for Japan with tech and semi month-end weakness. Mag7 down although Intel and Amazon higher AH. Watch Ibiden if their NVDA business...

Andrew Jackson

Japan Morning Connection: Tokyo Metro IPO Should See Strong Demand

Nervous markets overnight due to a number of earnings misses. Tokyo Metro IPO expected to see strong demand, especially from risk-adverse retail...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Market Reflects Concerns over Tomorrow's CPI Print

Profit taking ahead of CPI report, TEL shows WFE growth despite its pivot away from China, Softbank's SVF shows strong unreaslised gains on its...

Andrew Jackson

Japan Morning Connection: Expect Japan to Reflect the US Pivot from Growth to Value

​US markets continue to shift focus from tech winners to Trump names, Monolithic Power sold on NVDA market share concerns, can Recruit break higher...

Andrew Jackson

Japan Morning Connection: Will Shiseido Hit New Multi-Year Lows?

​US semi-capex rebound positive for peers in Japan, but bad tone is set for SiC and MLCC related sectors. Shiseido may see new multi-year lows.

Andrew Jackson

Japan Morning Connection: Earnings Driven Weakness Overnight Points to a Soft Start

Risk-off tone for Japan with tech and semi month-end weakness. Mag7 down although Intel and Amazon higher AH. Watch Ibiden if their NVDA business...

Andrew Jackson

Japan Morning Connection: Tokyo Metro IPO Should See Strong Demand

​Nervous markets overnight due to a number of earnings misses. Tokyo Metro IPO expected to see strong demand, especially from risk-adverse retail...

Andrew Jackson

US markets continue to shift focus from tech winners to Trump names, Monolithic Power sold on NVDA market share concerns, can Recruit break higher...

US semi-capex rebound positive for peers in Japan, but bad tone is set for SiC and MLCC related sectors. Shiseido may see new multi-year lows.

Nervous markets overnight due to a number of earnings misses. Tokyo Metro IPO expected to see strong demand, especially from risk-adverse retail...