Tokyo Electron (8035): Semiconductor Supply Chain at Risk of a Downturn
Nanya warning of a downturn follows excess inventory report from Samsung. Even smartphone and data center demand at risk. End of the super cycle...
792 Views
Tokyo Electron (8035 JP): New Medium-Term Plan Vs. Reality
Management's new five-year plan assumes a favorable operating environment through FY Mar-27. That seems over-optimistic. In view of economic...
659 Views
TOPIX Rebalance: Flows at the Close
The second tranche of the FFW methodology change for the TOPIX Index will be implemented at the close of trading today. One way flow is ~JPY 745bn...
817 Views
Nikkei 225 Methodology Change. Again. This Time Better But Still Not Good Enough
The Nikkei proposes changes to the Nikkei 225 methodology. There is a cap, a cap re-mark, and a move to twice-annual reviews. And there is also a...
846 Views
TEL – Margin Disappointment
While TEL's momentum matched other WFE peers margins looked disappointing and we believe there is material downside to valuations as we approach...
421 Views