Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Big drops for futures and commodity markets to start the week, so expect heavy selling across the board to start.</li>
<li>Vietnam signalling willingness to cut US tariffs sending related footwear/clothing names who manufacture in country sharply higher.</li>
<li>Nintendo cancelling its US Switch2 pre-sales sending ADR's lower only to snap back as market remains bullish on new console.</li>
</ul>


Big drops for futures and commodity markets to start the week, so expect heavy selling across the board to start.
Vietnam signalling willingness to cut US tariffs sending related footwear/clothing names who manufacture in country sharply higher.
Nintendo cancelling its US Switch2 pre-sales sending ADR's lower only to snap back as market remains bullish on new console.


Japan Morning Connection: Trump Panic Tactic Working Hook, Line, and Sinker

<ul>
<li>Wild ride for Kokusai Electric yesterday on US/China announcement, although the squeeze should continue.</li>
<li>SMCI +25% in after market trading enough to finally get Nidec up?</li>
<li>Yields down, Homebuilders up, but Tesla hammered after Musk's clumsy foray into EU/UK politics.</li>
</ul>


Wild ride for Kokusai Electric yesterday on US/China announcement, although the squeeze should continue.
SMCI +25% in after market trading enough to finally get Nidec up?
Yields down, Homebuilders up, but Tesla hammered after Musk's clumsy foray into EU/UK politics.


Japan Morning Connection: Tech Rout Deepens, but JP May Be Largely Priced In

<ul>
<li>Intel jumping on news of possible fab JV with TSMC for US production </li>
<li>AMAT numbers missed after market on the impact from China curbs. Largely expected but a slight negative for JP SPE to start </li>
<li>Good numbers from Sony with GN&amp;S trending well and Sumitomo Forestry new MTD surprises to the upside. </li>
</ul>


Intel jumping on news of possible fab JV with TSMC for US production 
AMAT numbers missed after market on the impact from China curbs. Largely expected but a slight negative for JP SPE to start 
Good numbers from Sony with GN&amp;S trending well and Sumitomo Forestry new MTD surprises to the upside. 


Japan Morning Connection: Tariff Delay a Tailwind, Tech and Homebuilders Up

<ul>
<li>Weak tape for tech over mixed signalling out of White House.</li>
<li>Kyocera earnings missed but management seem to be pulling the right levers (finally) on the restructuring front.</li>
<li>Ibiden tarred by the Shinko brush, but what about its NVDA exposure?</li>
</ul>


Weak tape for tech over mixed signalling out of White House.
Kyocera earnings missed but management seem to be pulling the right levers (finally) on the restructuring front.
Ibiden tarred by the Shinko brush, but what about its NVDA exposure?


Japan Morning Connection: Trump Tariff U-Turn Will Help Markets Start Better

<ul>
<li>Will we see more of the same ineffectual export curbs or a lightening of export restrictions?</li>
<li>Expect a continued rotation into all things non-tech in JP including Home Builders who jumped overnight as yields sank.</li>
<li>Plenty of shorts with ample downside including Hitachi, Fuji Elec, Hokkaido Elec outside of the mainstay AI plays.</li>
</ul>


Will we see more of the same ineffectual export curbs or a lightening of export restrictions?
Expect a continued rotation into all things non-tech in JP including Home Builders who jumped overnight as yields sank.
Plenty of shorts with ample downside including Hitachi, Fuji Elec, Hokkaido Elec outside of the mainstay AI plays.


Japan Morning Connection: US Tech Meltdown Set to Hit Japan AI/Tech Names Again

Japan

Sumitomo Forestry Co., Ltd. sells lumber and wood-related construction materials.  The Company constructs and markets a variety of homes, including custom-built wooden houses, and also manufactures and distributes high-value added wood-based products.  Sumitomo Forestry also maintains a significant amount of Japan's forests.

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Sumitomo Forestry (1911 JP)

Japan Morning Connection: Trump Panic Tactic Working Hook, Line, and Sinker

Futures and commodity markets drop, Vietnam related names up after they showed willingless to cut US tariffs, Nintendo cancels Switch2 pre-sales...

Andrew Jackson

Japan Morning Connection: Tech Rout Deepens, but JP May Be Largely Priced In

Kokusai Electric squeeze looks to continue. Will SMCI +25% finally help lift Nidec? Tesla suffers from Musk's involvement in EU politics.

Andrew Jackson

Japan Morning Connection: Tariff Delay a Tailwind, Tech and Homebuilders Up

Intel is considering a fab JV with TSMC for US production, AMAT numbers missed due to China curbs, Sony and Sumitomo Forestry report positive...

Andrew Jackson

Japan Morning Connection: Trump Tariff U-Turn Will Help Markets Start Better

Tech stocks weak over mixed signals from the White House, Kyocera making good restructuring efforts despite earnings miss, Ibiden suffered from...

Andrew Jackson

Japan Morning Connection: US Tech Meltdown Set to Hit Japan AI/Tech Names Again

Expect a continued shift away towards non-tech sectors, particularly home builders. Plenty of shorts with downside to consider.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Trump Panic Tactic Working Hook, Line, and Sinker

​Futures and commodity markets drop, Vietnam related names up after they showed willingless to cut US tariffs, Nintendo cancels Switch2 pre-sales...

Andrew Jackson

Japan Morning Connection: Tech Rout Deepens, but JP May Be Largely Priced In

Kokusai Electric squeeze looks to continue. Will SMCI +25% finally help lift Nidec? Tesla suffers from Musk's involvement in EU politics.

Andrew Jackson

Japan Morning Connection: Tariff Delay a Tailwind, Tech and Homebuilders Up

​Intel is considering a fab JV with TSMC for US production, AMAT numbers missed due to China curbs, Sony and Sumitomo Forestry report positive...

Andrew Jackson

Japan Morning Connection: Trump Tariff U-Turn Will Help Markets Start Better

​Tech stocks weak over mixed signals from the White House, Kyocera making good restructuring efforts despite earnings miss, Ibiden suffered from...

Andrew Jackson

Japan Morning Connection: US Tech Meltdown Set to Hit Japan AI/Tech Names Again

Expect a continued shift away towards non-tech sectors, particularly home builders. Plenty of shorts with downside to consider.

Andrew Jackson

Futures and commodity markets drop, Vietnam related names up after they showed willingless to cut US tariffs, Nintendo cancels Switch2 pre-sales...

Intel is considering a fab JV with TSMC for US production, AMAT numbers missed due to China curbs, Sony and Sumitomo Forestry report positive...

Tech stocks weak over mixed signals from the White House, Kyocera making good restructuring efforts despite earnings miss, Ibiden suffered from...