Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Tech and Semi's month-end weakness setting a risk-off tone for Japan to start.</li>
<li>Mag7 all down, although there are a few bright spots AH with Intel and Amazon higher.</li>
<li>Watch Ibiden earnings call for clues if their NVDA business can take over from INTC as its main driver.</li>
</ul>


Tech and Semi's month-end weakness setting a risk-off tone for Japan to start.
Mag7 all down, although there are a few bright spots AH with Intel and Amazon higher.
Watch Ibiden earnings call for clues if their NVDA business can take over from INTC as its main driver.


Japan Morning Connection: Earnings Driven Weakness Overnight Points to a Soft Start

<ul>
<li>Japan SPE set for a good start with Google's AI spend starting to pay off.</li>
<li>Corning's beat continues to point to more upside for one of Japan's best performing names YTD.</li>
<li>Capcom weakness may be a buy the dip situation, with a clear run into their most popular franchise release.</li>
</ul>


Japan SPE set for a good start with Google's AI spend starting to pay off.
Corning's beat continues to point to more upside for one of Japan's best performing names YTD.
Capcom weakness may be a buy the dip situation, with a clear run into their most popular franchise release.


Japan Morning Connection: Google Sets a Good Tone for Japan SPE

<ul>
<li>NVDA saving tech from a bigger pullback as the market takes profits ahead of earnings.</li>
<li>Rates higher and causing a pullback in R/E related and the yen is approaching Y151.</li>
<li>Disco's better-than-expected outlook for HBM related equipment should leave more room for upside.</li>
</ul>


NVDA saving tech from a bigger pullback as the market takes profits ahead of earnings.
Rates higher and causing a pullback in R/E related and the yen is approaching Y151.
Disco's better-than-expected outlook for HBM related equipment should leave more room for upside.


Japan Morning Connection: Potential for Disco to Push Higher with Positive HBM Outlook

<ul>
<li>Markets go risk-on with the Fed's 50 bps cut a greenlight for AI/tech favourites to rebound sharply.</li>
<li>New highs for homebuilders setting the tone for further gains the Sumitomo Forestry and Sekisui House, while logistics may be weak after FedEx numbers.</li>
<li>Worth noting out-of-favour JP autos with high short interests and US sales ratios who may be squeeze targets with undeployed capital and foreigners coming back to the Japanese market post-Fed.</li>
</ul>


Markets go risk-on with the Fed's 50 bps cut a greenlight for AI/tech favourites to rebound sharply.
New highs for homebuilders setting the tone for further gains the Sumitomo Forestry and Sekisui House, while logistics may be weak after FedEx numbers.
Worth noting out-of-favour JP autos with high short interests and US sales ratios who may be squeeze targets with undeployed capital and foreigners coming back to the Japanese market post-Fed.


Japan Morning Connection: Out-Of-Favour JP Autos May Be Squeeze Targets

<ul>
<li>Not much lead from the US, although Broadcom numbers missing after hours set a slightly negative tone for tech, despite NVDA and TSLA posting gains.</li>
<li>The market should like the news that 3382 7&amp;I is engaging with ACT and asking for a higher bid, which may also indicate their failure to attain 'core' status from the JP Govt.</li>
<li>PPIH looks oversold after missing out on NKY225 inclusion yesterday, especially in comparison to Baycurrent who also missed, yet finished the day +4.5%.</li>
</ul>


Not much lead from the US, although Broadcom numbers missing after hours set a slightly negative tone for tech, despite NVDA and TSLA posting gains.
The market should like the news that 3382 7&amp;I is engaging with ACT and asking for a higher bid, which may also indicate their failure to attain 'core' status from the JP Govt.
PPIH looks oversold after missing out on NKY225 inclusion yesterday, especially in comparison to Baycurrent who also missed, yet finished the day +4.5%.


Japan Morning Connection: 7&I, PPIH, Baycurrent

Japan

Fujikura Ltd. manufactures and sells wires and cables such as optical fiber cables and coaxial cables. The Company's products include optical transmission system, electronic materials, and telecommunication cables.

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Fujikura Ltd (5803 JP)

Japan Morning Connection: Earnings Driven Weakness Overnight Points to a Soft Start

Risk-off tone for Japan with tech and semi month-end weakness. Mag7 down although Intel and Amazon higher AH. Watch Ibiden if their NVDA business...

Andrew Jackson

Japan Morning Connection: Google Sets a Good Tone for Japan SPE

Positive for SPE as Google's AI investment starts to pays off, Corning's success indicates growth potential for Fujikura, and Capcom's dip could be...

Andrew Jackson

Japan Morning Connection: Potential for Disco to Push Higher with Positive HBM Outlook

NVDA preventing larger tech pullback as market takes profits ahead of earnings. Higher rates impacting R/E related. Disco's outlook for HBM...

Andrew Jackson

Japan Morning Connection: Out-Of-Favour JP Autos May Be Squeeze Targets

Markets go risk-on with AI/tech favorites rebounding sharply, homebuilders hitting new highs, JP autos with high short interests and US sales...

Andrew Jackson

Japan Morning Connection: 7&I, PPIH, Baycurrent

Slight negative tone for tech as Broadcom's earnings miss, while 7&I seeks higher bid from ACT and PPIH looks oversold post-NKY225 exclusion.

Andrew Jackson

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Japan Morning Connection: Earnings Driven Weakness Overnight Points to a Soft Start

Risk-off tone for Japan with tech and semi month-end weakness. Mag7 down although Intel and Amazon higher AH. Watch Ibiden if their NVDA business...

Andrew Jackson

Japan Morning Connection: Google Sets a Good Tone for Japan SPE

Positive for SPE as Google's AI investment starts to pays off, Corning's success indicates growth potential for Fujikura, and Capcom's dip could be...

Andrew Jackson

Japan Morning Connection: Potential for Disco to Push Higher with Positive HBM Outlook

​NVDA preventing larger tech pullback as market takes profits ahead of earnings. Higher rates impacting R/E related. Disco's outlook for HBM...

Andrew Jackson

Japan Morning Connection: Out-Of-Favour JP Autos May Be Squeeze Targets

Markets go risk-on with AI/tech favorites rebounding sharply, homebuilders hitting new highs, JP autos with high short interests and US sales...

Andrew Jackson

Japan Morning Connection: 7&I, PPIH, Baycurrent

Slight negative tone for tech as Broadcom's earnings miss, while 7&I seeks higher bid from ACT and PPIH looks oversold post-NKY225 exclusion.

Andrew Jackson

NVDA preventing larger tech pullback as market takes profits ahead of earnings. Higher rates impacting R/E related. Disco's outlook for HBM...