Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

Over the last month, 9 companies have been upgraded by 2 or more analyst. <a href="https://www.smartkarma.com/entities/5415" target="_blank" data-smartkarma-citation="entities:5415:1">Nintendo Co Ltd (7974 JP)</a> is the largest by mkt-cap to make the list and one of only two to get 3 upgrades. Now 18 out of 21 recommendations are BUY for Nintendo.<a href="https://www.smartkarma.com/entities/11649" target="_blank" data-smartkarma-citation="entities:11649:1">Murata Manufacturing (6981 JP)</a>, <a href="https://www.smartkarma.com/entities/11747" target="_blank" data-smartkarma-citation="entities:11747:1">Takeda Pharmaceutical (4502 JP)</a> and <a href="https://www.smartkarma.com/entities/21001" target="_blank" data-smartkarma-citation="entities:21001:1">Eisai Co Ltd (4523 JP)</a> are other large-cap names that had 2 or more upgrades over the last month. Eisai had 3 upgrades, however it was also downgraded by two analysts over the same time frame. …

Over the last month, 9 companies have been upgraded by 2 or more analyst. Nintendo Co Ltd (7974 JP) is the largest by mkt-cap to make the list and one of only two to get 3 upgrades. Now 18 out of 21 recommendations are BUY for Nintendo.Murata Manufacturing (6981 JP), Takeda Pharmaceutical (4502 JP) and Eisai Co Ltd (4523 JP) are other large-cap names that had 2 or more upgrades over the last month. Eisai had 3 upgrades, however it was also downgraded by two analysts over the same time frame. …

Most Popular / Unpopular Names in Japan over Last Month. Nintendo Made the Good List....

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

In the light of the recent news and companies’ comments, we anticipate a price hike on multi-layer ceramic capacitors, or MLCCs, as we believe that tight supply-demand balance will continue. As we have previously discussed, demand for MLCC has been robust, driven by the diffusion of 5G communication and auto digitization, but demand now seems to be much stronger than our original forecast, reaching high teens volume growth per year. Meanwhile, there are only four major suppliers in the industry…

In the light of the recent news and companies’ comments, we anticipate a price hike on multi-layer ceramic capacitors, or MLCCs, as we believe that tight supply-demand balance will continue. As we have previously discussed, demand for MLCC has been robust, driven by the diffusion of 5G communication and auto digitization, but demand now seems to be much stronger than our original forecast, reaching high teens volume growth per year. Meanwhile, there are only four major suppliers in the industry…

Raising Murata Manufacturing's FVE to JPY 24,000; Price Hike of MLCC Will Be Higher than Anticipated

Equity Analyst, LightStream Research

Farha Sabri

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

Murata is investing heavily in capacity expansions to ramp up automotive MLCC production. We believe this is a result of two reasons; the shortage in the MLCC market and the slowdown in the handset market.The MLCC market has been going through a period of shortage on the back of increasing demand for electronic components from a number of key industries including handsets and automobiles. This is a result of rapid advancement in electrification, with the content per device/vehicle increasing…

Murata is investing heavily in capacity expansions to ramp up automotive MLCC production. We believe this is a result of two reasons; the shortage in the MLCC market and the slowdown in the handset market.The MLCC market has been going through a period of shortage on the back of increasing demand for electronic components from a number of key industries including handsets and automobiles. This is a result of rapid advancement in electrification, with the content per device/vehicle increasing…

Capacity Expansions for Automotive Components to Offset Dwindling Handset Market

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

The MSCI ACWI advanced to another new high yesterday - to levels not seen since mid-March with the U.S. and Emerging Markets leading the move. While potential resistance levels exist, recent developments only bolster our already positive outlook.  In today's report, we highlight actionable setups within our global Technology, and Real Estate Developers and REITs Groups.

The MSCI ACWI advanced to another new high yesterday - to levels not seen since mid-March with the U.S. and Emerging Markets leading the move. While potential resistance levels exist, recent developments only bolster our already positive outlook.  In today's report, we highlight actionable setups within our global Technology, and Real Estate Developers and REITs Groups.

MSCI ACWI’s Advance Continues: U.S. And Emerging Markets Leading the Way

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

It seems strange that of all the firms in Japan to error so badly on the investor relations front it should be <a href="https://www.smartkarma.com/entities/563" target="_blank" data-smartkarma-citation="entities:563:1">Sony (6758 JP)</a>. Management has a good rapport with shareholders, disclosure is among the best in the country (although the firm does have an irritating habit of juggling its business lines each year), and the firm has a great story to tell. However, twice in short succession management has disappointed the market, first with its FY18 forecasts and then with the mid-term plan unveiled at…

It seems strange that of all the firms in Japan to error so badly on the investor relations front it should be Sony (6758 JP). Management has a good rapport with shareholders, disclosure is among the best in the country (although the firm does have an irritating habit of juggling its business lines each year), and the firm has a great story to tell. However, twice in short succession management has disappointed the market, first with its FY18 forecasts and then with the mid-term plan unveiled at…

Japan Gets an Object Lesson in Investor Relations

Japan

MURATA MANUFACTURING COMPANY, LTD. manufactures and sells ceramic applied electronic components.  The Company's products include filters, capacitors, thermistors, resistors, noise suppression components, coils, piezoelectric sound components, power supplies, sensors, hybrid integrated circuit (IC), and microwave components.

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Murata Manufacturing (6981 JP)

Most Popular / Unpopular Names in Japan over Last Month. Nintendo Made the Good List....

Over the last month, 9 companies have been upgraded by 2 or more analyst. Nintendo Co Ltd (7974 JP) is the largest by mkt-cap to make the list and...

Custom Products Group

Raising Murata Manufacturing's FVE to JPY 24,000; Price Hike of MLCC Will Be Higher than Anticipated

In the light of the recent news and companies’ comments, we anticipate a price hike on multi-layer ceramic capacitors, or MLCCs, as we believe that...

Morningstar, Inc.

Capacity Expansions for Automotive Components to Offset Dwindling Handset Market

Murata is investing heavily in capacity expansions to ramp up automotive MLCC production. We believe this is a result of two reasons; the shortage...

Farha Sabri

MSCI ACWI’s Advance Continues: U.S. And Emerging Markets Leading the Way

The MSCI ACWI advanced to another new high yesterday - to levels not seen since mid-March with the U.S. and Emerging Markets leading the move....

Vermilion Research

Japan Gets an Object Lesson in Investor Relations

It seems strange that of all the firms in Japan to error so badly on the investor relations front it should be Sony (6758 JP). Management has a...

Pelham Smithers Associates

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52-week Range

Market Cap (USDm)

P/E

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