In today’s briefing:
- Ohayo Japan | Fed Week
- Japan Activist Briefs | Furukawa, Oji
- Japan Morning Connection: JP Tech Set for a Soggy Start to the Week Despite Big META Capex Plans
- [Blue Lotus Non-US Internet Weekly, 4/52]: Deepseek’s Asked the Right Question on GAI Capex
Ohayo Japan | Fed Week
- The technology sector was a major drag, with Big Tech stocks such as Nvidia (-3.1%) and Texas Instruments (-7.5%) leading the decline.
- Meta plans to invest $60-65 billion in expansion this year, a significant increase from its initial $38-40 billion forecast
- FUJIFILM Holdings will invest over 100 billion yen by March 2027 to expand its semiconductor materials business
Japan Activist Briefs | Furukawa, Oji
- Oasis have turned up on the register of Topcon with a 7.3% stake. Topcon are exploring way to enhance corporate value…ie a bidding war for private equity sale
- City Index have taken a significant stake in Furukawa Machinery – the company will be under pressure to allocate capital more effectively
- City Index have also gone large in Oji Holdings. The company is already doing sensible things to improve its valuation, but there is more to be done.
Japan Morning Connection: JP Tech Set for a Soggy Start to the Week Despite Big META Capex Plans
- Power/Analog names set for a weak start after the negative read-through from Texas Industries numbers Friday.
- Disco numbers looks overly conservative and a good chace to revisit with ‘Stargate’ gains erased after Fridays drop.
- Sapporo Holdings quelling concerns its main activist investor was divesting should be enough to see this rebound.
[Blue Lotus Non-US Internet Weekly, 4/52]: Deepseek’s Asked the Right Question on GAI Capex
- New smartphone trade-in subsidy received raving response from Chinese consumers;
- Tencent and NetEase gained key game title approvals. Entertainment is a good choice in uncertain environment of 2025;
- From a slight moderating C4Q24, we expect strong showing in domestic travel demand heading into CNY.
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