Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

Dutch semiconductor lithography giant <a href="https://www.smartkarma.com/entities/21097" target="_blank" data-smartkarma-citation="entities:21097:1">ASML Holding NV</a> reported Q3 net sales of €2.45 billion, slightly higher than the previously forecasted €2.2 billion. According to CEO Peter Wennink, this was partially due to the revenue recognition of an additional EUV system. Furthermore, he noted that 2017 net sales would be at least 25 percent higher than 2016 net sales- and he was equally optimistic about the outlook for 2018, stating that:"Our current view is that the positive business environment that…

Dutch semiconductor lithography giant ASML Holding NV reported Q3 net sales of €2.45 billion, slightly higher than the previously forecasted €2.2 billion. According to CEO Peter Wennink, this was partially due to the revenue recognition of an additional EUV system. Furthermore, he noted that 2017 net sales would be at least 25 percent higher than 2016 net sales- and he was equally optimistic about the outlook for 2018, stating that:"Our current view is that the positive business environment that…

ASML Posts Strong Q3 Earnings & 2017 Forecast

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

Today’s report is a bottom-up compilation of technically attractive EAFE stocks, with one fundamental kicker: each name is accompanied by positive momentum in their FY EPS estimates.  While the list is broad-based, metals &amp; miners and energy-related names are most prevalent.

Today’s report is a bottom-up compilation of technically attractive EAFE stocks, with one fundamental kicker: each name is accompanied by positive momentum in their FY EPS estimates.  While the list is broad-based, metals &amp; miners and energy-related names are most prevalent.

Technically Attractive EAFE Stocks, with Positive EPS Momentum

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

The headline BoJ Tankan number (for large manufacturers) came out at 22, up from 17 last time and representing the highest figure post Lehman. While the Tankan rarely tells you anything you didn’t know, given that there is a widespread anti-Abe tirade from the media at present, it's a reminder that for the average Japanese business, life under Abe is a lot better than under his predecessors.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/034/854/original/Tankan.PNG?1507067798" class="editor-image img-responsive" data-smartkarma-image-id="34854"></figure>The Tankan figure provides a decent indication that we are very much at the top end of the Goldilocks…

The headline BoJ Tankan number (for large manufacturers) came out at 22, up from 17 last time and representing the highest figure post Lehman. While the Tankan rarely tells you anything you didn’t know, given that there is a widespread anti-Abe tirade from the media at present, it's a reminder that for the average Japanese business, life under Abe is a lot better than under his predecessors.The Tankan figure provides a decent indication that we are very much at the top end of the Goldilocks…

BoJ Tankan Suggests Goldilocks Scenario Still in Place... For Now

Equity Bottom-Up

News over the weekend that <a href="https://www.smartkarma.com/entities/1" target="_blank" data-smartkarma-citation="entities:1:1">Canon (7751 JP)</a> is opening a new camera plant in Japan – its first one for 10 years – is a positive development, albeit it is one that shines a spotlight on the mess the company finds itself in. At a basic level, the move demonstrates that the combination of factory automation plus Abenomics has secured an industrial future for Japan: this plant is expected to be profitable “even if the yen goes to ¥100/$”. Although, like Nidec’s (6594) factories in China, the plant…

News over the weekend that Canon (7751 JP) is opening a new camera plant in Japan – its first one for 10 years – is a positive development, albeit it is one that shines a spotlight on the mess the company finds itself in. At a basic level, the move demonstrates that the combination of factory automation plus Abenomics has secured an industrial future for Japan: this plant is expected to be profitable “even if the yen goes to ¥100/$”. Although, like Nidec’s (6594) factories in China, the plant…

Canon (7751) - New Camera Plant in Japan Sees Start of Attempt to Raise Revenue Per Employee

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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Equity Capital Markets

Sunic System Ltd. / Equity Capital Markets

The most important question for Sunic's IPO bookbuilding that is currently in progress is whether Sunic will receive more orders from LGD for the small-sized OLED panel production lines that will be housed in LGD's P10. Samsung Display won't do business with Sunic any time soon. In addition, those Chinese and Taiwanese display makers are still some years aways from turning to 6GH. Of course, mid capacity equipment is also an important element for Sunic's overall sales performance. But its success with this product segment also highly depends on its success in the large capacity equipment market since this allows Sunic to gain further trust even from mid capacity equipment buyers. So once again, the whole focus of this IPO bookbuilding is whether Sunic can get orders from LGD for P10 and if so how many.

The most important question for Sunic's IPO bookbuilding that is currently in progress is whether Sunic will receive more orders from LGD for the small-sized OLED panel production lines that will be housed in LGD's P10. Samsung Display won't do business with Sunic any time soon. In addition, those Chinese and Taiwanese display makers are still some years aways from turning to 6GH. Of course, mid capacity equipment is also an important element for Sunic's overall sales performance. But its success with this product segment also highly depends on its success in the large capacity equipment market since this allows Sunic to gain further trust even from mid capacity equipment buyers. So once again, the whole focus of this IPO bookbuilding is whether Sunic can get orders from LGD for P10 and if so how many.

Sunic System IPO Part 2 - Key Considerations for Bookbuilding

Japan

Canon Inc. is a professional and consumer imaging solutions company and patent-holder of digital imaging technologies. The Company's products include networked multifunction devices, digital and analog copiers, computer peripherals, facsimile machines, image filing systems, camcorders, cameras and lenses, semiconductor, and broadcast and medical equipment.

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Canon Inc (7751 JP)

ASML Posts Strong Q3 Earnings & 2017 Forecast

Dutch semiconductor lithography giant ASML Holding NV reported Q3 net sales of €2.45 billion, slightly higher than the previously forecasted €2.2...

William Keating

Technically Attractive EAFE Stocks, with Positive EPS Momentum

Today’s report is a bottom-up compilation of technically attractive EAFE stocks, with one fundamental kicker: each name is accompanied by positive...

Vermilion Research

BoJ Tankan Suggests Goldilocks Scenario Still in Place... For Now

The headline BoJ Tankan number (for large manufacturers) came out at 22, up from 17 last time and representing the highest figure post Lehman....

Pelham Smithers Associates

Canon (7751) - New Camera Plant in Japan Sees Start of Attempt to Raise Revenue Per Employee

News over the weekend that Canon (7751 JP) is opening a new camera plant in Japan – its first one for 10 years – is a positive development, albeit...

Pelham Smithers Associates

Sunic System IPO Part 2 - Key Considerations for Bookbuilding

The most important question for Sunic's IPO bookbuilding that is currently in progress is whether Sunic will receive more orders from LGD for the...

Sanghyun Park

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