Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>News that mature-node foundry UMC will hike wafer prices is a positive sign for semi’s outside of the AI thematic.</li>
<li>Oil and gas infra companies Chiyoda, Toyo Engineering and JGC on the radar assuming a peace deal will eventually hold.</li>
<li>Kioxia -9.9% and Kokusai -7.2% on Friday likely heading further lower today.</li>
</ul>


News that mature-node foundry UMC will hike wafer prices is a positive sign for semi’s outside of the AI thematic.
Oil and gas infra companies Chiyoda, Toyo Engineering and JGC on the radar assuming a peace deal will eventually hold.
Kioxia -9.9% and Kokusai -7.2% on Friday likely heading further lower today.


Japan Morning Connection: Exuberance Fades Fast as Iran Closes Straits

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>Global asset markets continue to look through the Iran War</li>
<li>US technical indicators and Dollar weakness mean we remain cautiously optimistic</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
Global asset markets continue to look through the Iran War
US technical indicators and Dollar weakness mean we remain cautiously optimistic


<ul>
<li>Leadership globally is rotating to cyclical, materials, and commodity sectors</li>
<li>Japan lacks many pure play companies, so premiums will be commanded</li>
<li>We add a couple of cyclical names to increase Japanese exposure</li>
</ul>


Leadership globally is rotating to cyclical, materials, and commodity sectors
Japan lacks many pure play companies, so premiums will be commanded
We add a couple of cyclical names to increase Japanese exposure


Tactical Trading – Increasing Cyclical Exposure in Japan

Japan Specialist

Mark Chadwick

<ul>
<li>Japanese equities fell after record highs as Middle East tensions pushed oil higher, triggering global risk-off sentiment and exposing Japan’s vulnerability as a major energy importer.</li>
<li>Oil shock hit energy-sensitive sectors: airlines, rubber and brokers fell, while mining and shipping gained; sell-off was broad with momentum reversal and defensives outperforming.</li>
<li>Stock moves diverged: SaaS firms rose on earnings stability, Rohm surged on takeover news, while Sumitomo Metal Mining and Sumitomo Rubber plunged on commodity and oil risks.</li>
</ul>


Japanese equities fell after record highs as Middle East tensions pushed oil higher, triggering global risk-off sentiment and exposing Japan’s vulnerability as a major energy importer.
Oil shock hit energy-sensitive sectors: airlines, rubber and brokers fell, while mining and shipping gained; sell-off was broad with momentum reversal and defensives outperforming.
Stock moves diverged: SaaS firms rose on earnings stability, Rohm surged on takeover news, while Sumitomo Metal Mining and Sumitomo Rubber plunged on commodity and oil risks.


Japan Strategy Weekly | Oil Shock Tests a Crowded Rally

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>Global Bond Yields move lower, while hard assets and cyclicals continue to outperform</li>
<li>Sanae Takaichi adds doves to the BoJ Board, aligning monetary policy with her goals</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
Global Bond Yields move lower, while hard assets and cyclicals continue to outperform
Sanae Takaichi adds doves to the BoJ Board, aligning monetary policy with her goals


Overview #51 — Rates Roll Over, Cyclicals Take Control

Japan

Sumitomo Metal Mining Co., Ltd. develops and mines non-ferrous metals in Japan and overseas.  The Company's primary products include copper, gold, silver, nickel, lead, and zinc.  The Company refines, produces, and sells precious metals.  Sumitomo Metal Mining also produces and markets electronic & housing construction materials and provides civil engineering works.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Sumitomo Metal Mining (5713 JP)

Japan Morning Connection: Exuberance Fades Fast as Iran Closes Straits

Friday's exuberance fades fast as Iran closes the Straits again. Japan's recent tech winners face more pain while power semis and wafer names start...

Andrew Jackson

Overview #56 - Back to the Races?

A review of recent events/data impacting our investment themes and outlook. We take a look at Oil, Commodities and the strong move in US indices

Rikki Malik

Tactical Trading – Increasing Cyclical Exposure in Japan

Mitsubishi 8058.T rallied 8% yesterday with other potential beneficiaries of the Trump-Takaichi summit. Nikkei link below. Key is the development...

Rikki Malik

Japan Strategy Weekly | Oil Shock Tests a Crowded Rally

Japanese equities fell due to record highs and Middle East tensions pushing oil prices higher, exposing vulnerability as a major energy importer.

Mark Chadwick

Overview #51 — Rates Roll Over, Cyclicals Take Control

A review of recent events/data impacting our investment themes and outlook. We look at the move down in bond yields and impact on our favourite...

Rikki Malik

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Exuberance Fades Fast as Iran Closes Straits

Friday's exuberance fades fast as Iran closes the Straits again. Japan's recent tech winners face more pain while power semis and wafer names start...

Andrew Jackson

Overview #56 - Back to the Races?

A review of recent events/data impacting our investment themes and outlook. We take a look at Oil, Commodities and the strong move in US indices

Rikki Malik

Tactical Trading – Increasing Cyclical Exposure in Japan

Mitsubishi 8058.T rallied 8% yesterday with other potential beneficiaries of the Trump-Takaichi summit. Nikkei link below. Key is the development...

Rikki Malik

Japan Strategy Weekly | Oil Shock Tests a Crowded Rally

​Japanese equities fell due to record highs and Middle East tensions pushing oil prices higher, exposing vulnerability as a major energy importer.

Mark Chadwick

Overview #51 — Rates Roll Over, Cyclicals Take Control

A review of recent events/data impacting our investment themes and outlook. We look at the move down in bond yields and impact on our favourite...

Rikki Malik

Japanese equities fell due to record highs and Middle East tensions pushing oil prices higher, exposing vulnerability as a major energy importer.