Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Overseas: SPX +0.3%, Nasdaq +0.9%; Lower Treasury yields boosted mega-cap tech stocks. Datadog +28% on earnings beat</li>
<li>Today: NKY Futs +0.6% v cash. JPY 150.4/$; Real wages remain weak; Yen record low vs Asian currencies</li>
<li>JapanX | A Small Cap Powering the EV Revolution with Environmental Test Chambers</li>
</ul>


Overseas: SPX +0.3%, Nasdaq +0.9%; Lower Treasury yields boosted mega-cap tech stocks. Datadog +28% on earnings beat
Today: NKY Futs +0.6% v cash. JPY 150.4/$; Real wages remain weak; Yen record low vs Asian currencies
JapanX | A Small Cap Powering the EV Revolution with Environmental Test Chambers


Ohayo Japan | Winning Streak Continues; A Beneficiary of EV Battery Testing

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

Stoxx Europe Small 200 Price Eur / Technical Analysis

<p>With further consolidation likely for the broad indexes, we want to stick with areas of the market that have shown an ability to outperform despite the broader consolidation. For that we are returning to Technology and Services. Roughly half of today’s individual stock recommendations are domiciled in Japan, while the remainder hail from India and Russia.</p>

With further consolidation likely for the broad indexes, we want to stick with areas of the market that have shown an ability to outperform despite the broader consolidation. For that we are returning to Technology and Services. Roughly half of today’s individual stock recommendations are domiciled in Japan, while the remainder hail from India and Russia.

Global Equity Strategy U.S. Fed Cut, Now What?

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>Espec makes testing equipment. This accounts for 82% of sales. The bulk (c. 85%) of this is environmental test chambers where is has a 60% domestic market share and 30% global market share. It has some 3,000 customers and sells to the likes of MELCO, Toyota, Panasonic, Canon, Murata and Samsung. By industry 36% of sales are to electronic device makers, 20% to automobile makers, 10% to the semiconductor industry, 4% for FPD’s and 30% to other industries. Its testing chambers are used in the R&amp;D…</p>

Espec makes testing equipment. This accounts for 82% of sales. The bulk (c. 85%) of this is environmental test chambers where is has a 60% domestic market share and 30% global market share. It has some 3,000 customers and sells to the likes of MELCO, Toyota, Panasonic, Canon, Murata and Samsung. By industry 36% of sales are to electronic device makers, 20% to automobile makers, 10% to the semiconductor industry, 4% for FPD’s and 30% to other industries. Its testing chambers are used in the R&amp;D…

Espec (6859) Play on Corporate R&D Spend, and Will Continue to See Steady Growth.

Japan

ESPEC CORP. manufactures meteorological environment testing devices and equipment.  The Company also produces semiconductor testing equipment and bio-laboratory equipment.

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Espec Corp (6859 JP)

Ohayo Japan | Winning Streak Continues; A Beneficiary of EV Battery Testing

Overseas markets rise, tech stocks benefit from lower Treasury yields. Datadog soars on strong earnings. Small-cap stock driving EV revolution with...

Mark Chadwick

Global Equity Strategy U.S. Fed Cut, Now What?

With further consolidation likely for the broad indexes, we want to stick with areas of the market that have shown an ability to outperform despite...

Vermilion Research

Espec (6859) Play on Corporate R&D Spend, and Will Continue to See Steady Growth.

Espec makes testing equipment. This accounts for 82% of sales. The bulk (c. 85%) of this is environmental test chambers where is has a 60% domestic...

Pearl Hill Advisors

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