Raising TDK’s FVE to JPY 11,500; Robust Demand From Auto Continues to Drive Growth in MLCCs
We raise our fair value estimate for TDK Corp (6762 JP) to JPY 11,500 from JPY 11,000, as we believe growth in multilayer ceramic capacitors, or...
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Trading the BOJ-Nikkei 225 Baskets
One week ago in The BOJ's Ongoing ETF Impact - Is a Nikkei 225 Reshuffle in the Cards? I discussed the BOJ's past and current ETF purchasing...
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The BOJ's Ongoing ETF Impact - Is a Nikkei 225 Reshuffle in the Cards?
Just over six months ago, a breathless article on Bloomberg noted that according to their calculations, the BOJ owned 71% of the ETFs in the...
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Global Equity Strategy: Overweight EM
Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and...
683 Views
Adding TDK to Our Best Ideas List; Growth of Electronic Components Per Auto Is Underestimated
We are adding TDK Corp (6762 JP) to our Best Ideas list, and removing Nidec Corp (6594 JP) following its recent outperformance. As the top...
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