Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Thematic (Sector/Industry)

Saturday's 7.1 earthquake in Japan could have caused important supply disruptions for semiconductors.  We reached out to over a dozen companies to check their status, and those who replied indicated that there was little impact.  Still, the automotive sector has reason to be nervous.

Saturday's 7.1 earthquake in Japan could have caused important supply disruptions for semiconductors.  We reached out to over a dozen companies to check their status, and those who replied indicated that there was little impact.  Still, the automotive sector has reason to be nervous.

Japan Quake and Chip Shortages, Tough on Auto?

Global Special Situations & Strategy, SR Services Ltd

David Lepper

Global Special Situations & Strategy

SR Services Ltd

SR Services provides Strategic Knowledge and Solutions services for Family Offices and Corporate Business. 

We deliver this via advisory services, strategic planning, opportunity analysis/sourcing, as well as solution implementation. 

Whilst, we create intellectual discipline and operational leverage for your projects or daily activities, our ultimate objective is to empower whilst enhancing your decision making. 

Strategic Knowledge and Solutions

Cross Asset Strategy

2020 saw Asia Pacific activist campaigns down 9.7% YoY. Considering the issues which played out over the year this is a better than expected result. What is key is that Asia remained resilient compared to Europe which saw a 16% YoY decline, in activism campaigns respectively. Sifting through the data highlights some interesting and share price impactful trends when looking at how Activism may play out in 2021.

2020 saw Asia Pacific activist campaigns down 9.7% YoY. Considering the issues which played out over the year this is a better than expected result. What is key is that Asia remained resilient compared to Europe which saw a 16% YoY decline, in activism campaigns respectively. Sifting through the data highlights some interesting and share price impactful trends when looking at how Activism may play out in 2021.

Notes from the Silk Road: Activism - 2020 Review Reveals Some Interesting Trends

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Event-Driven

The initial Toshiba Next Plan released on 8 Nov 2018 targeted ¥240bn in OP in FY03/22 on ¥3.7trn in revenue. At the time we said it looked rational but would not be trivial to achieve. Last year as the pandemic was unleashed Toshiba came up with “core” OP targets which we felt was a rather disingenuous marketing effort. On this “core” basis, Toshiba targets ¥260-280bn in OP next FY which on the surface is an upgrade vs. the initial plan. After examining segmental trends in detail, we have come to believe that Toshiba will miss its original revenue target but could in fact beat the original OP target which we think is a commendable effort.

The initial Toshiba Next Plan released on 8 Nov 2018 targeted ¥240bn in OP in FY03/22 on ¥3.7trn in revenue. At the time we said it looked rational but would not be trivial to achieve. Last year as the pandemic was unleashed Toshiba came up with “core” OP targets which we felt was a rather disingenuous marketing effort. On this “core” basis, Toshiba targets ¥260-280bn in OP next FY which on the surface is an upgrade vs. the initial plan. After examining segmental trends in detail, we have come to believe that Toshiba will miss its original revenue target but could in fact beat the original OP target which we think is a commendable effort.

Toshiba – After Crunching the Numbers We Believe Guidance Could Be Punchy

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Last Week in Event SPACE: Kerry Logistics, Sanken Electric, Vocus Comms, Toa Oil, ThaiBev, Sharp

President

Thomas Coughlin

Coughlin Associates

HDD capacity shipments exceeded 1 ZB for the first time in 2020.  Continued growth of nearline colder storage will drive HDD shipping capacity to about 3 times that amount by 2026.  Q4 2020 was up due to renewed nearline HDD strength and increased demand for other applications.

HDD capacity shipments exceeded 1 ZB for the first time in 2020.  Continued growth of nearline colder storage will drive HDD shipping capacity to about 3 times that amount by 2026.  Q4 2020 was up due to renewed nearline HDD strength and increased demand for other applications.

HDD Capacity Shipments Exceeded 1ZB in 2020, 3ZB by 2026

Japan

Toshiba Corporation manufactures and markets electrical and electronic products. The Company's products include digital products such as PCs and televisions, NAND flash memories, and system LSIs (large-scale integrated), as well as social infrastructures such as power generators, medical equipment, and home appliances.

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Toshiba Corp (6502 JP)

Japan Quake and Chip Shortages, Tough on Auto?

Will Saturday's Japan earthquake further disrupt the semiconductor supply chain? Early reports seem tame enough, but automobile manufacturers are...

Jim Handy

Notes from the Silk Road: Activism - 2020 Review Reveals Some Interesting Trends

2020 activism numbers are in with some interesting underlying trends reflecting possibilities of how campaigns in 2021 & 2022 may evolve notably...

David Lepper

Toshiba – After Crunching the Numbers We Believe Guidance Could Be Punchy

After long warning that activist expectations for a rapid recovery in Toshiba earnings were too optimistic we now finally see signs that the big...

Mio Kato

Last Week in Event SPACE: Kerry Logistics, Sanken Electric, Vocus Comms, Toa Oil, ThaiBev, Sharp

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

HDD Capacity Shipments Exceeded 1ZB in 2020, 3ZB by 2026

HDD capacity shipments exceeded 1 ZB for the first time in 2020. Continued growth of nearline colder storage will drive HDD shipping capacity to...

Thomas Coughlin

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