Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Muted trading in the US ahead of a big week of earnings.</li>
<li>Olympus facing reputational damage with its CEO resigning on illegal drug allegations.</li>
<li>Does the LDP's disastrous election result herald a return to Japan's 2006-2012 era?</li>
</ul>


Muted trading in the US ahead of a big week of earnings.
Olympus facing reputational damage with its CEO resigning on illegal drug allegations.
Does the LDP's disastrous election result herald a return to Japan's 2006-2012 era?


Japan Morning Connection: Olympus Facing Reputational Damage

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Sep 4th. The aggregated net margin trading position is USD28,745m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Kioxia, SoftBank, Advantest, Fujikura, Mitsubishi UFJ Financial, Mitsubishi Heavy Industries, Japan Airport Terminal, Lintec, Mizuho Financial, Tokyo Electron.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Sep 4th. The aggregated net margin trading position is USD28,745m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Kioxia, SoftBank, Advantest, Fujikura, Mitsubishi UFJ Financial, Mitsubishi Heavy Industries, Japan Airport Terminal, Lintec, Mizuho Financial, Tokyo Electron.


JPX Margin Trading Weekly (Sep 4th): Kioxia, SoftBank, Advantest, Fujikura, Mitsubishi UFJ Financial

<ul>
<li>Markets back to risk-on after big earnings from Tesla, Lam, and UPS.</li>
<li>Strong US new home sales data and good earnings for CBRE sets a positive tone for R/E.</li>
<li>Good Siltronics numbers yesterday a positive read for wafer makers Sumco and Shin-Etsu ahead of numbers today.</li>
</ul>


Markets back to risk-on after big earnings from Tesla, Lam, and UPS.
Strong US new home sales data and good earnings for CBRE sets a positive tone for R/E.
Good Siltronics numbers yesterday a positive read for wafer makers Sumco and Shin-Etsu ahead of numbers today.


Japan Morning Connection: Risk-On to Finish the Week

<ul>
<li>Apple down hitting suppliers, with ARM and Qualcomm spat taking both lower. Watch Softbank for weakness.</li>
<li>Tesla earnings smashing it out of the park, will help buoy EV related including Nidec - whose own numbers yesterday were positive.</li>
<li>Texas Instruments +4% on numbers beat should help industrial elec names such as Rohm and Fuji Elec, despite lingering concerns.</li>
</ul>


Apple down hitting suppliers, with ARM and Qualcomm spat taking both lower. Watch Softbank for weakness.
Tesla earnings smashing it out of the park, will help buoy EV related including Nidec - whose own numbers yesterday were positive.
Texas Instruments +4% on numbers beat should help industrial elec names such as Rohm and Fuji Elec, despite lingering concerns.


Japan Morning Connection: Tesla Big Beat and SK Hynix Numbers to Buoy Sentiment

<ul>
<li>Japan SPE set for a big pullback after a terrible ASML order outlook.</li>
<li>EUV related plays will be under pressure including Lasertec and Hoya.</li>
<li>Expect rotation towards domestic defensive, with rails in focus after Tokyo Metro IPO priced top of range.</li>
</ul>


Japan SPE set for a big pullback after a terrible ASML order outlook.
EUV related plays will be under pressure including Lasertec and Hoya.
Expect rotation towards domestic defensive, with rails in focus after Tokyo Metro IPO priced top of range.


Japan Morning Connection: SPE Set for a Serous Pullback After ASML Order Outlook

Japan

SoftBank Group Corp. provides telecommunication services. The Company also operates ADSL (Asymmetric Digital Subscriber Line) and fiber optic high-speed Internet connection, e-Commerce businesses, and Internet based advertising and auction businesses.

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Softbank Group (9984 JP)

Japan Morning Connection: Olympus Facing Reputational Damage

Muted in the US ahead of a big week of earnings. Olympus faces reputational damage with CEO resigning on illegal drug allegations. Will the LDP...

Andrew Jackson

JPX Margin Trading Weekly (Sep 4th): Kioxia, SoftBank, Advantest, Fujikura, Mitsubishi UFJ Financial

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), SoftBank (9984 JP), Advantest (6857 JP),...

Ke Yan, CFA, FRM

Japan Morning Connection: Risk-On to Finish the Week

Markets risk on after big earnings from Tesla, Lam and UPS. Positive tone for R/E after strong US home sales data and for wafer makers such as...

Andrew Jackson

Japan Morning Connection: Tesla Big Beat and SK Hynix Numbers to Buoy Sentiment

Watch Softbank for weakness as ARM and Qualcomm brought lower by spat, Tesla's strong earnings will buoy EV related, Texas Instruments' positive...

Andrew Jackson

Japan Morning Connection: SPE Set for a Serous Pullback After ASML Order Outlook

SPE faces pullback after ASML's poor order outlook, impacting EUV-related plays including. Expect rotation towards domestic defensive, particularly...

Andrew Jackson

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