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

Thematic (Sector/Industry)

The presence of <a href="https://www.smartkarma.com/entities/16227" target="_blank" data-smartkarma-citation="entities:16227:1">MGM Resorts International (MGM US)</a> CEO, James Murren, in Tokyo earlier this month, is a timely reminder to everyone that the re-election of Shinzo Abe’s government last year means that the Casino Bill is still in the works, even if it is stuck behind the Gambling Addiction bill. Indeed, it is probably the case that Murren is over to emphasize the point that firms like his are willing to invest heavily in Japan provided the limitations brought about by the Gambling Addiction bill…

The presence of MGM Resorts International (MGM US) CEO, James Murren, in Tokyo earlier this month, is a timely reminder to everyone that the re-election of Shinzo Abe’s government last year means that the Casino Bill is still in the works, even if it is stuck behind the Gambling Addiction bill. Indeed, it is probably the case that Murren is over to emphasize the point that firms like his are willing to invest heavily in Japan provided the limitations brought about by the Gambling Addiction bill…

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

Melco Resorts & Entertainment / Equity Bottom-Up

<ul>
<li>Some portfolio managers with gaming stocks worry about the Macau sector getting toppy.</li>
<li>Our view: There's much runway left for those who know where to look and why. Here's the first of our best bets for 2018.</li>
<li>Macau produced a healthy 19% GGR increase in 2017. Double-digit growth in 2018 will reflect the vitality of the China economy despite some sentiment that it could slow in Qs 3 and 4.</li>
</ul>In 2016 Macau gaming sent the bears running for cover inside their hibernation logs and caves. The sector defied…


Some portfolio managers with gaming stocks worry about the Macau sector getting toppy.
Our view: There's much runway left for those who know where to look and why. Here's the first of our best bets for 2018.
Macau produced a healthy 19% GGR increase in 2017. Double-digit growth in 2018 will reflect the vitality of the China economy despite some sentiment that it could slow in Qs 3 and 4.
In 2016 Macau gaming sent the bears running for cover inside their hibernation logs and caves. The sector defied…

Q: Macau: What Do You Buy when Nothing Seems Cheap? A: Melco Is a High Conviction Pick for 2018

<ul>
<li>Sega Sammy stock has dipped considerably off it 52 week high.</li>
<li>Its legacy pachinko and pachslot businesses are declining, shifting long-term management goals toward expansion in integrated resorts.</li>
<li>Corporate officials have dispatched 64 top managers from Japan to its South Korea gaming property to train as an advance team for a  possible IR win in Japan.</li>
</ul>As leading IR developers frustration levels rise over the persistent delays of the Japanese Diet in passing a problem gambling bill, I asked our…


Sega Sammy stock has dipped considerably off it 52 week high.
Its legacy pachinko and pachslot businesses are declining, shifting long-term management goals toward expansion in integrated resorts.
Corporate officials have dispatched 64 top managers from Japan to its South Korea gaming property to train as an advance team for a  possible IR win in Japan.
As leading IR developers frustration levels rise over the persistent delays of the Japanese Diet in passing a problem gambling bill, I asked our…

Could Sega Sammy Holdings Be a Smart Wild Card Bet on a Japanese Casino License?

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

Approaching the close of 2017, a year whose subdued volatility masked frequent rotation, we turn to Sector and Group themes that we expect to offer opportunities heading into 2018.  We discuss the likelihood of a correction and offer a number of actionable ideas within our favorite sectors; tech, financials, miners, and manufacturing.

Approaching the close of 2017, a year whose subdued volatility masked frequent rotation, we turn to Sector and Group themes that we expect to offer opportunities heading into 2018.  We discuss the likelihood of a correction and offer a number of actionable ideas within our favorite sectors; tech, financials, miners, and manufacturing.

U.S. Equity Outlook: Sector Themes & Synopsis

<ul>
<li>Despite ongoing double-digit gains in Macau GGR, some faintly bearish sentiment has crept into the Melco trade we see as a buying opportunity.</li>
<li>A strong Q3 earnings beat, solid improvements in its Manila property and the opening of the 780 room/suites design forward Morpheus tower at City of Dreams by Q2 positions Melco for gaining market share of VIP segment.</li>
<li>CEO Lawrence Ho's dramatic Japan facing moves include a promise to relocate corporate headquarters in Japan if his IR bid succeeds.</li>
</ul>We have…


Despite ongoing double-digit gains in Macau GGR, some faintly bearish sentiment has crept into the Melco trade we see as a buying opportunity.
A strong Q3 earnings beat, solid improvements in its Manila property and the opening of the 780 room/suites design forward Morpheus tower at City of Dreams by Q2 positions Melco for gaining market share of VIP segment.
CEO Lawrence Ho's dramatic Japan facing moves include a promise to relocate corporate headquarters in Japan if his IR bid succeeds.
We have…

Melco Resorts: A Gem Hiding in Plain Sight Offers an Entry Point After a Recent Dip

Hong Kong

Melco Resorts & Entertainment Limited develops, owns, and operates casinos. The Company offers casino gaming, restaurants, bars, and resorts facilities. Melco Resorts & Entertainment serves customers in Asia.

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Melco Resorts & Entertainment (MLCO US)

Japan Casino Bill Back in the Headlines

The presence of MGM Resorts International (MGM US) CEO, James Murren, in Tokyo earlier this month, is a timely reminder to everyone that the...

Pelham Smithers Associates

Q: Macau: What Do You Buy when Nothing Seems Cheap? A: Melco Is a High Conviction Pick for 2018

Some portfolio managers with gaming stocks worry about the Macau sector getting toppy. Our view: There's much runway left for those who know where...

Howard J Klein

Could Sega Sammy Holdings Be a Smart Wild Card Bet on a Japanese Casino License?

Sega Sammy stock has dipped considerably off it 52 week high. Its legacy pachinko and pachslot businesses are declining, shifting long-term...

Howard J Klein

U.S. Equity Outlook: Sector Themes & Synopsis

Approaching the close of 2017, a year whose subdued volatility masked frequent rotation, we turn to Sector and Group themes that we expect to offer...

Vermilion Research

Melco Resorts: A Gem Hiding in Plain Sight Offers an Entry Point After a Recent Dip

Despite ongoing double-digit gains in Macau GGR, some faintly bearish sentiment has crept into the Melco trade we see as a buying opportunity. A...

Howard J Klein

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