Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Event-Driven

When Japanese companies make a bid for US firms, lights start flashing on merger arb desks, because Japanese firms are usually the most reliable counterparty in the merger arb game. First off, they are never known to have made an outright hostile bid for a US firm. An unwritten law of international M&amp;A policing is if your companies make hostile international M&amp;A, your companies are vulnerable in return. By not engaging in hostile M&amp;A, Japanese firms have created a national poison pill, something…

When Japanese companies make a bid for US firms, lights start flashing on merger arb desks, because Japanese firms are usually the most reliable counterparty in the merger arb game. First off, they are never known to have made an outright hostile bid for a US firm. An unwritten law of international M&amp;A policing is if your companies make hostile international M&amp;A, your companies are vulnerable in return. By not engaging in hostile M&amp;A, Japanese firms have created a national poison pill, something…

When Merger Arb Plays Big: Hutchinson Technology & TDK

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Thematic (Sector/Industry)

Pokémon GO and the world of container shipping as we knew it<blockquote> “Dad, have you heard of Pokémon Go, can kids play it, when can I download it”, “Dad, for this birthday can you download for me the Lego Marvel's Avengers game”, “ Mom, can you please download this character for me”. </blockquote>That is my 9-year-old son asking for his reward after he has done his homework. A portion of his pocket money is now spent on the iTunes app store, that is the share lost by traditional retailers. He does love Lego and buys…

Pokémon GO and the world of container shipping as we knew it “Dad, have you heard of Pokémon Go, can kids play it, when can I download it”, “Dad, for this birthday can you download for me the Lego Marvel's Avengers game”, “ Mom, can you please download this character for me”. That is my 9-year-old son asking for his reward after he has done his homework. A portion of his pocket money is now spent on the iTunes app store, that is the share lost by traditional retailers. He does love Lego and buys…

DMER Shorts: Pokémon GO and the World of Container Shipping as We Knew It

Information Technology Consultant

Ishita Jain

A few weeks ago, I wrote a piece titled Blockchain in the Financial Services Industry with the aim of shedding some light on this new and upcoming technology. The discussions ensued seeking clarity on the concept of blockchain and how it can actually be applied to financial services. It seems that while there is ample documentation available, much of it is indecipherable to those new to this concept. Consequently, this piece is meant to demystify the blockchain concept which should help the readers understand potential applications and comprehend insights written by my peers.

A few weeks ago, I wrote a piece titled Blockchain in the Financial Services Industry with the aim of shedding some light on this new and upcoming technology. The discussions ensued seeking clarity on the concept of blockchain and how it can actually be applied to financial services. It seems that while there is ample documentation available, much of it is indecipherable to those new to this concept. Consequently, this piece is meant to demystify the blockchain concept which should help the readers understand potential applications and comprehend insights written by my peers.

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

It is absolutely true that ARM’s huge success during the mobile revolution can be mainly attributed to its neutrality stance. ARM’s perfectly neutral stance in its ecosystem has played a critical role in making almost all the major mobile chip makers use ARM’s instruction set (ISA) or entire chip blueprints because they believed they could get a fair treatment.Now, the biggest concern from Softbank’s ARM deal also stems from ARM’s neutrality.Of course, Softbank’s Son (Son Jeong-ui or Son…

It is absolutely true that ARM’s huge success during the mobile revolution can be mainly attributed to its neutrality stance. ARM’s perfectly neutral stance in its ecosystem has played a critical role in making almost all the major mobile chip makers use ARM’s instruction set (ISA) or entire chip blueprints because they believed they could get a fair treatment.Now, the biggest concern from Softbank’s ARM deal also stems from ARM’s neutrality.Of course, Softbank’s Son (Son Jeong-ui or Son…

Softbank's ARM Deal May Be A Boon to Samsung

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

We have noted previously that <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank</a> was raising a lot of money from asset sales. Most recently <a href="https://www.smartkarma.com/profiles/25" target="_blank" data-smartkarma-citation="accounts:25">Travis Lundy</a> commented on the sale of Supercell at a $10.2bn valuation in <a href="https://www.smartkarma.com/insights/softbank-more-money-in-nikesh-arora-out" target="_blank" data-smartkarma-citation="insights:4330">Softbank: More Money In, Nikesh Arora Out</a>. His comments are close to our views, commenting that Softbank was raising a lot of money, proving it could monetize its investments and the stock was very cheap. What we didn't know then was that Masa was looking to pivot away from telecoms and the internet and towards technology and…

We have noted previously that Softbank was raising a lot of money from asset sales. Most recently Travis Lundy commented on the sale of Supercell at a $10.2bn valuation in Softbank: More Money In, Nikesh Arora Out. His comments are close to our views, commenting that Softbank was raising a lot of money, proving it could monetize its investments and the stock was very cheap. What we didn't know then was that Masa was looking to pivot away from telecoms and the internet and towards technology and…

Softbank's Long ARM into the Internet of Things.

United Kingdom

Arm Holdings US, Inc. operates as a holding company. The Company, through its subsidiaries, designs chips used in a range of electronic products. Arm Holdings serves customers worldwide.

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ARM Holdings (ARM US)

When Merger Arb Plays Big: Hutchinson Technology & TDK

When Japanese companies make a bid for US firms, lights start flashing on merger arb desks, because Japanese firms are usually the most reliable...

Pelham Smithers Associates

DMER Shorts: Pokémon GO and the World of Container Shipping as We Knew It

Pokémon GO and the world of container shipping as we knew it “Dad, have you heard of Pokémon Go, can kids play it, when can I download it”, “Dad,...

Drewry Maritime Financial Research

Blockchain & Bitcoin 101

A few weeks ago, I wrote a piece titled Blockchain in the Financial Services Industry with the aim of shedding some light on this new and upcoming...

Ishita Jain

Softbank's ARM Deal May Be A Boon to Samsung

It is absolutely true that ARM’s huge success during the mobile revolution can be mainly attributed to its neutrality stance. ARM’s perfectly...

Sanghyun Park

Softbank's Long ARM into the Internet of Things.

We have noted previously that Softbank was raising a lot of money from asset sales. Most recently Travis Lundy commented on the sale of Supercell...

New Street Research

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