Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>TSMC higher on news from the day before it is investing heavily in US fab capacity.</li>
<li>Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.</li>
<li>All eyes on Trumps speech to congress this morning, although markets should be firm off the open.</li>
</ul>


TSMC higher on news from the day before it is investing heavily in US fab capacity.
Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.
All eyes on Trumps speech to congress this morning, although markets should be firm off the open.


Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

Rubber News Specialist, Helixtap

Vinod Nedumudy

Rubber News Specialist

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Rubber production in December suffers a loss of 30%  </li><li>Yokohama Rubber plays Good Samaritan in hour of crisis  </li><li>CMO enabling FSC Certification for Thai rubber for EUDR</li></ul>

Rubber production in December suffers a loss of 30%  Yokohama Rubber plays Good Samaritan in hour of crisis  CMO enabling FSC Certification for Thai rubber for EUDR

La Nina-triggered Floods Make Serious Dent In Thai Rubber Production

<ul><li>Goodyear and Yokohama close deal for US$905 million</li><li>Goodyear makes a turnaround in second quarter of 2024</li><li>Yokohama’s annual capacity in China to rise by 3 million units</li></ul>

Goodyear and Yokohama close deal for US$905 millionGoodyear makes a turnaround in second quarter of 2024Yokohama’s annual capacity in China to rise by 3 million units

Strategic Shift: Goodyear's OTR Business Sold To Yokohama Amidst Strong Q2 Performance

CEO, Helixtap

Farah Miller

<ul><li>Yokohama aims to meet increasing N America demand from new Mexico plant  </li><li>Philippine plant daily output capacity to go up to 32,500 tires  </li><li>Sales arm added in Italy; India operations too to scale up</li></ul>

Yokohama aims to meet increasing N America demand from new Mexico plant  Philippine plant daily output capacity to go up to 32,500 tires  Sales arm added in Italy; India operations too to scale up

Yokohama Makes Impressive Global Moves In 2024 Q1

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The bullish outlook for global equities (MSCI ACWI) that we initiated in early November 2023 remains intact; continue to ride this trend higher.</li>
<li>Many of the heavily-weighted countries in terms of global market capitalization (U.S., Europe, Japan) are extended; we'd welcome some consolidation, though it may come from higher levels.</li>
<li>Ultimately, market dynamics remain healthy, and we would treat pullbacks as buying opportunities. Downgrading India to market weight. Actionable Themes: Global Materials, Energy, Consumer Discretionary, and Industrials</li>
</ul>


The bullish outlook for global equities (MSCI ACWI) that we initiated in early November 2023 remains intact; continue to ride this trend higher.
Many of the heavily-weighted countries in terms of global market capitalization (U.S., Europe, Japan) are extended; we'd welcome some consolidation, though it may come from higher levels.
Ultimately, market dynamics remain healthy, and we would treat pullbacks as buying opportunities. Downgrading India to market weight. Actionable Themes: Global Materials, Energy, Consumer Discretionary, and Industrials


Bullish Outlook Intact; Downgrading India; Buys in Materials, Energy, Discretionary, Industrials

Japan

The Yokohama Rubber Company Limited produces rubber products including automobile tires, tubes, and conveyor belt for industrial use.  The Company also produces golf clubs and passenger aircraft parts such as restroom units and tanks for drinking water.

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Yokohama Rubber (5101 JP)

Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Andrew Jackson

La Nina-triggered Floods Make Serious Dent In Thai Rubber Production

Underscoring the fragility of rubber in the face of climate change, unseasonal rains brought in by La Nia slashed rubber production in Thailand by...

Helixtap

Strategic Shift: Goodyear's OTR Business Sold To Yokohama Amidst Strong Q2 Performance

In a significant development, the Goodyear Tire and Rubber Company has announced that it is selling its Off-the-Road (OTR) tire business to...

Helixtap

Yokohama Makes Impressive Global Moves In 2024 Q1

Leading tire maker Yokohama Rubber Company has recorded a 45.8% increase in operating profit to US$672.6 million in 2023 and is raring to expand...

Helixtap

Bullish Outlook Intact; Downgrading India; Buys in Materials, Energy, Discretionary, Industrials

Bullish Outlook Intact on MSCI ACWI; Downgrading India to Market; Market Dynamics Healthy; Treat Pullbacks as Buying Opportunities; Buys in global...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

​TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Andrew Jackson

La Nina-triggered Floods Make Serious Dent In Thai Rubber Production

Underscoring the fragility of rubber in the face of climate change, unseasonal rains brought in by La Nia slashed rubber production in Thailand by...

Helixtap

Strategic Shift: Goodyear's OTR Business Sold To Yokohama Amidst Strong Q2 Performance

In a significant development, the Goodyear Tire and Rubber Company has announced that it is selling its Off-the-Road (OTR) tire business to...

Helixtap

Yokohama Makes Impressive Global Moves In 2024 Q1

Leading tire maker Yokohama Rubber Company has recorded a 45.8% increase in operating profit to US$672.6 million in 2023 and is raring to expand...

Helixtap

Bullish Outlook Intact; Downgrading India; Buys in Materials, Energy, Discretionary, Industrials

Bullish Outlook Intact on MSCI ACWI; Downgrading India to Market; Market Dynamics Healthy; Treat Pullbacks as Buying Opportunities; Buys in global...

Vermilion Research

TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.