Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Intel rising afterhours on the news the private sector is also coming to its rescue, likely prompted by the Govt.</li>
<li>Palo Alto beating after hours puts focus on Cybersecurity, while the trend for Trend Micro has lots of room to improve.</li>
<li>Homebuilder confidence down to post pandemic lows but homebuilders barely dipping as market looks through to Sep.</li>
</ul>


Intel rising afterhours on the news the private sector is also coming to its rescue, likely prompted by the Govt.
Palo Alto beating after hours puts focus on Cybersecurity, while the trend for Trend Micro has lots of room to improve.
Homebuilder confidence down to post pandemic lows but homebuilders barely dipping as market looks through to Sep.


Japan Morning Connection: Trump Changes Intel's Deal to a Stake for Chips Money

<ul>
<li>LDP was trounced on Sunday, but the yen is already starting to pare weakness which priced in ahead.</li>
<li>Power semi's may be under pressure with NXP miss after-market and Stellantis surprise loss yesterday.</li>
<li>Microsoft reeling from massive cyber attack positive for security software including Trend Micro.</li>
</ul>


LDP was trounced on Sunday, but the yen is already starting to pare weakness which priced in ahead.
Power semi's may be under pressure with NXP miss after-market and Stellantis surprise loss yesterday.
Microsoft reeling from massive cyber attack positive for security software including Trend Micro.


Japan Morning Connection: Ishiba's Expected Defeat Already Showing Limited Reaction from Markets

<ul>
<li>AI and tech took a backseat, although momentum significantly outperformed value which is likely to be reflected in JP.</li>
<li>Trend Micro may be in focus after analyst pushes cyber security as biggest tech trade this year.</li>
<li>KHI looking to release its own humanoid, but Harmonic joints are out of favor and worth another look after steep decline.</li>
</ul>


AI and tech took a backseat, although momentum significantly outperformed value which is likely to be reflected in JP.
Trend Micro may be in focus after analyst pushes cyber security as biggest tech trade this year.
KHI looking to release its own humanoid, but Harmonic joints are out of favor and worth another look after steep decline.


Japan Morning Connection: Oil Down and Defense up as Trump Rails at Putin and Sends More Patriots

<ul>
<li>Applied Digital landing a big data center order from CoreWeave lifting AI related plays setting upbeat tone for SPE.</li>
<li>Big Chinese SiC capacity coming online further adding to the price pressures for Rohm.</li>
<li>Square Enix cancelling its 'Project Gemini' with Polish developer another foreign flop reminiscent of Avengers?</li>
</ul>


Applied Digital landing a big data center order from CoreWeave lifting AI related plays setting upbeat tone for SPE.
Big Chinese SiC capacity coming online further adding to the price pressures for Rohm.
Square Enix cancelling its 'Project Gemini' with Polish developer another foreign flop reminiscent of Avengers?


Japan Morning Connection: Markets Rising from Morning Lows on Expectations for a Trump-Xi Call

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>DeepSeek app revolutionizes smart vehicles with advanced technology for a seamless driving experience and enhanced safety features.</li><li>Primarius enhances EDA consolidation in China through the acquisition of Actt, accelerating innovation and growth in the semiconductor industry.</li><li>SMIC experiences record revenue growth in 2024, but sees a 23% decline in profit, highlighting the challenges faced by the company in a competitive market. Trend Micro warns of AI security risks and 'grandma prompt' threat at the AI Expo 2025. Uni-President Group strengthens e-commerce presence through strategic acquisitions and investments in Yahoo Taiwan and PChome Online.</li></ul>

DeepSeek app revolutionizes smart vehicles with advanced technology for a seamless driving experience and enhanced safety features.Primarius enhances EDA consolidation in China through the acquisition of Actt, accelerating innovation and growth in the semiconductor industry.SMIC experiences record revenue growth in 2024, but sees a 23% decline in profit, highlighting the challenges faced by the company in a competitive market. Trend Micro warns of AI security risks and 'grandma prompt' threat at the AI Expo 2025. Uni-President Group strengthens e-commerce presence through strategic acquisitions and investments in Yahoo Taiwan and PChome Online.

Tech Supply Chain Tracker (29-Mar-2025): Smart cars use DeepSeek apps.

Japan

Trend Micro Incorporated develops and markets anti-virus computer software and internet security software.  The Company also sells its products in the United States, Europe, and Asia.

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Trend Micro Inc (4704 JP)

Japan Morning Connection: Trump Changes Intel's Deal to a Stake for Chips Money

News just out that Softbank is signing a $2bn investment deal with Intel. Homebuilders barely dipping despite low confidence. Some analysts saying...

Andrew Jackson

Japan Morning Connection: Ishiba's Expected Defeat Already Showing Limited Reaction from Markets

Slight negative for power semis after NXP guidance missed. Cyber security names benefiting from aftermath of Microsoft's SharePoint being hacked.

Andrew Jackson

Japan Morning Connection: Oil Down and Defense up as Trump Rails at Putin and Sends More Patriots

JP autos look ripe for a squeeze if better than expected tarrif outcome. Musk convinced by his humanoid robots despite setbacks. JP heavies should...

Andrew Jackson

Japan Morning Connection: Markets Rising from Morning Lows on Expectations for a Trump-Xi Call

Applied Digital secures big data center order, setting a good tone for AI and SPE. Chinese SiC capacity increase adds pressure for Rohm. Potential...

Andrew Jackson

Tech Supply Chain Tracker (29-Mar-2025): Smart cars use DeepSeek apps.

DeepSeek app enhances smart vehicle capabilities. Primarius accelerates EDA consolidation with Actt acquisition in China while SMIC's profit...

Tech Supply Chain Tracker

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Trump Changes Intel's Deal to a Stake for Chips Money

News just out that Softbank is signing a $2bn investment deal with Intel. Homebuilders barely dipping despite low confidence. Some analysts saying...

Andrew Jackson

Japan Morning Connection: Ishiba's Expected Defeat Already Showing Limited Reaction from Markets

Slight negative for power semis after NXP guidance missed. Cyber security names benefiting from aftermath of Microsoft's SharePoint being hacked.

Andrew Jackson

Japan Morning Connection: Oil Down and Defense up as Trump Rails at Putin and Sends More Patriots

JP autos look ripe for a squeeze if better than expected tarrif outcome. Musk convinced by his humanoid robots despite setbacks. JP heavies should...

Andrew Jackson

Japan Morning Connection: Markets Rising from Morning Lows on Expectations for a Trump-Xi Call

​Applied Digital secures big data center order, setting a good tone for AI and SPE. Chinese SiC capacity increase adds pressure for Rohm. Potential...

Andrew Jackson

Tech Supply Chain Tracker (29-Mar-2025): Smart cars use DeepSeek apps.

DeepSeek app enhances smart vehicle capabilities. Primarius accelerates EDA consolidation with Actt acquisition in China while SMIC's profit...

Tech Supply Chain Tracker

Applied Digital secures big data center order, setting a good tone for AI and SPE. Chinese SiC capacity increase adds pressure for Rohm. Potential...