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...
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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...
293 Views
Tokyo Electron (8035) | Fundamentals Don’t Matter...for Now
Despite favorable industry conditions and strong outlook for wafer fab equipment, we think that the stock could continue to de-rate.
277 Views
Tokyo Electron (8035 JP): Delays and Uncertainty
Management sees 20% potential sales growth this year, but that looks over-optimistic. Demand shows signs of leveling off and margin expansion...
442 Views
TOPIX FFW Transition - Big Flows from April to June
Changes to the Topix FFW methodology will result in a turnover of 2.87% & trade of ¥2,285bn from April to June. There is a lot to trade on some...
781 Views