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

Equity Bottom-Up

<p>In an effort to boost <em>PSVR</em> sales, Sony kicked off December by offering its <em>PlayStation Plus</em> members a 14-day free trial (along the lines of “We deduct US$299 from your credit card, repaying it if you return the headset”). The program proved so successful that by Monday, Dec 4<sup>th</sup>, Sony announced that its registration list was full. It was easy to see why players went crazy for this offer, when you consider what you got. The trial bundle includes a PlayStation VR headset, a PlayStation Camera, two…</p>

In an effort to boost PSVR sales, Sony kicked off December by offering its PlayStation Plus members a 14-day free trial (along the lines of “We deduct US$299 from your credit card, repaying it if you return the headset”). The program proved so successful that by Monday, Dec 4th, Sony announced that its registration list was full. It was easy to see why players went crazy for this offer, when you consider what you got. The trial bundle includes a PlayStation VR headset, a PlayStation Camera, two…

Sony (6758) - PSVR Hits 2mil Mark, Trial Deal Sells Out in 48 Hours

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

Thematic (Sector/Industry)

<p>The mega-themes that will drive earnings in the global tech hardware space over the next 12 to 24 months are: artificial intelligence, the Cloud, internet of things, digital media, fintech, advanced manufacturing, macroeconomic issues and regulation.</p><p>Below, we split these “umbrella” themes into over 30 sub-themes and summarise their impact on the consumer electronics sector worldwide.</p>

The mega-themes that will drive earnings in the global tech hardware space over the next 12 to 24 months are: artificial intelligence, the Cloud, internet of things, digital media, fintech, advanced manufacturing, macroeconomic issues and regulation.Below, we split these “umbrella” themes into over 30 sub-themes and summarise their impact on the consumer electronics sector worldwide.

Asia and Global Semiconductor and Tech Research

Andrew Lu

<h2>The outlook for memory and foundry</h2><p><a href="https://www.smartkarma.com/entities/191" target="_blank" data-smartkarma-citation="entities:191:1">Samsung Electronics Co Ltd (005930 KS)</a> expects tight memory supply/demand conditions to continue in 4Q17 due to increased demand mainly from server/mobile. Consistent with our earlier report " <a href="https://www.smartkarma.com/insights/memory-channel-check-suggested-we-might-be-wrong-earlier" target="_blank" data-smartkarma-citation="insights:14121">Memory Channel Check Suggested We Might Be Wrong Earlier</a> " dated 3 Oct 2017, we expected leading vendors to raise cloud datacenter contract DRAM price by 7-10% q/q and mobile contract DRAM price by 10-15% q/q in 4Q17 due to a stronger demand. For 2018, Samsung expects…</p>

The outlook for memory and foundrySamsung Electronics Co Ltd (005930 KS) expects tight memory supply/demand conditions to continue in 4Q17 due to increased demand mainly from server/mobile. Consistent with our earlier report " Memory Channel Check Suggested We Might Be Wrong Earlier " dated 3 Oct 2017, we expected leading vendors to raise cloud datacenter contract DRAM price by 7-10% q/q and mobile contract DRAM price by 10-15% q/q in 4Q17 due to a stronger demand. For 2018, Samsung expects…

What Samsung Says About Demand; Implications to Memory, Display, and Smartphone Competitors?

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

<ul><li>Feature phones declines by 12% in retail volume terms to six million units in 2017</li><li>Thanks to the high proportion of loyal users, feature phones still holds a considerable market share</li><li>Smartphones grows by 29% to reach 18 million units in 2017</li><li>Players within smartphones target the middle-income segment in 2017</li><li>Mobile phones is predicted to decline at a volume CAGR of 6% over the forecast period to 18 million units in 2022</li></ul>

Feature phones declines by 12% in retail volume terms to six million units in 2017Thanks to the high proportion of loyal users, feature phones still holds a considerable market shareSmartphones grows by 29% to reach 18 million units in 2017Players within smartphones target the middle-income segment in 2017Mobile phones is predicted to decline at a volume CAGR of 6% over the forecast period to 18 million units in 2022

<h2>What's new?</h2><p>Following South Korean Fair Trade Commission fined US$853mn on <a href="https://www.smartkarma.com/entities/969" target="_blank" data-smartkarma-citation="entities:969:1">Qualcomm Inc (QCOM US)</a> for violating antitrust laws (please see "<a href="https://www.smartkarma.com/insights/kftc-fined-qualcomm-for-violating-antitrust-laws-positive-to-customers-and-competitors" target="_blank" data-smartkarma-citation="insights:7896">KFTC Fined Qualcomm for Violating Antitrust Laws; Positive to Customers and Competitors"</a> dated 28 December 2016) and U.S. Federal Trade Commission (FTC) filed a complaint on 18 Jan 2017 against Qualcomm in the U.S. District Court in the Northern District of California, Taiwan Fair Trade Commission has decided to fine Qualcomm for NT$23.4bn (US$774mn) or EPS…</p>

What's new?Following South Korean Fair Trade Commission fined US$853mn on Qualcomm Inc (QCOM US) for violating antitrust laws (please see "KFTC Fined Qualcomm for Violating Antitrust Laws; Positive to Customers and Competitors" dated 28 December 2016) and U.S. Federal Trade Commission (FTC) filed a complaint on 18 Jan 2017 against Qualcomm in the U.S. District Court in the Northern District of California, Taiwan Fair Trade Commission has decided to fine Qualcomm for NT$23.4bn (US$774mn) or EPS…

Taiwan FTC Fines Qualcomm for US$774mn; Endless Lawsuit

Taiwan

HTC Corporation designs, manufactures, assembles, processes, and sells smart mobile devices; and provides after-sales services worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

HTC Corp (2498 TT)

Sony (6758) - PSVR Hits 2mil Mark, Trial Deal Sells Out in 48 Hours

In an effort to boost PSVR sales, Sony kicked off December by offering its PlayStation Plus members a 14-day free trial (along the lines of “We...

Pelham Smithers Associates

Tech Hardware Themes

The mega-themes that will drive earnings in the global tech hardware space over the next 12 to 24 months are: artificial intelligence, the Cloud,...

CM Research

What Samsung Says About Demand; Implications to Memory, Display, and Smartphone Competitors?

The outlook for memory and foundrySamsung Electronics Co Ltd (005930 KS) expects tight memory supply/demand conditions to continue in 4Q17 due to...

Andrew Lu

Sector Capsule: Mobile Phones in Vietnam

Feature phones declines by 12% in retail volume terms to six million units in 2017 Thanks to the high proportion of loyal users, feature phones...

Euromonitor International Ltd.

Taiwan FTC Fines Qualcomm for US$774mn; Endless Lawsuit

What's new?Following South Korean Fair Trade Commission fined US$853mn on Qualcomm Inc (QCOM US) for violating antitrust laws (please see "KFTC...

Andrew Lu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)