Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<p>This is the inaugural report of "The Week That Was in North <a href="mailto:Asia@Smartkarma" target="_blank">Asia@Smartkarma</a>. This is a collaborative report among <a href="https://www.smartkarma.com/profiles/25" target="_blank" data-smartkarma-citation="accounts:25">Travis Lundy</a>, <a href="https://www.smartkarma.com/profiles/713" target="_blank" data-smartkarma-citation="accounts:713">Mio Kato, CFA</a>, <a href="https://www.smartkarma.com/profiles/354" target="_blank" data-smartkarma-citation="accounts:354">Sanghyun Park</a>, and <a href="https://www.smartkarma.com/profiles/342" target="_blank" data-smartkarma-citation="accounts:342">Douglas Kim</a>. It will be written on a weekly, rotational basis among these four analysts. The focus of this report is to recap the major insights featured at Smartkarma regarding companies in Japan and Korea during the past week.</p><ul><li>
<a href="https://www.smartkarma.com/profiles/273" target="_blank" data-smartkarma-citation="accounts:273">Morningstar</a> provided a more in-depth analysis of <strong><a href="https://www.smartkarma.com/entities/5415" target="_blank" data-smartkarma-citation="entities:5415:1">Nintendo Co Ltd (7974 JP)</a></strong> - <a href="https://www.smartkarma.com/insights/expect-success-of-nintendo-switch-and-retain-fve-of-jpy-30-000-shares-undervalued" target="_blank" data-smartkarma-citation="insights:8999">Expect Success of Nintendo Switch</a>…</li></ul>

This is the inaugural report of "The Week That Was in North Asia@Smartkarma. This is a collaborative report among Travis Lundy, Mio Kato, CFA, Sanghyun Park, and Douglas Kim. It will be written on a weekly, rotational basis among these four analysts. The focus of this report is to recap the major insights featured at Smartkarma regarding companies in Japan and Korea during the past week.
Morningstar provided a more in-depth analysis of Nintendo Co Ltd (7974 JP) - Expect Success of Nintendo Switch…

The Week That Was in NorthAsia@Smartkarma - Jelly Drinks, Dental Implants, & Tires

Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<p><strong>South China Sea: US and China remain the key despite ASEAN efforts</strong></p><ul><li>
<strong>US blows hot and cold with China:</strong> Despite US Secretary of State Tillerson’s amicable conversation with China’s State Councillor Yang Jiechi when they re-affirmed the importance of a constructive US-China relationship, a US carrier group led by the aircraft carrier USS Carl Vinson began ‘routine operations’ in the South China Sea. This appears to be a sign that the Trump Administration might want to push back harder on China’s…</li></ul>

South China Sea: US and China remain the key despite ASEAN efforts
US blows hot and cold with China: Despite US Secretary of State Tillerson’s amicable conversation with China’s State Councillor Yang Jiechi when they re-affirmed the importance of a constructive US-China relationship, a US carrier group led by the aircraft carrier USS Carl Vinson began ‘routine operations’ in the South China Sea. This appears to be a sign that the Trump Administration might want to push back harder on China’s…

US and China Push Their Respective Envelopes

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.

<p>In this first of a series of articles examining the FashionTech scene in Japan, Euromonitor International looks at BtoB start-up companies operating in manufacturing and their impact on the Japanese apparel and footwear market. <strong>Japanese apparel and footwear market is set to shrink </strong></p>

In this first of a series of articles examining the FashionTech scene in Japan, Euromonitor International looks at BtoB start-up companies operating in manufacturing and their impact on the Japanese apparel and footwear market. Japanese apparel and footwear market is set to shrink 

Can Tech Save The Declining Japanese Apparel Industry? FashionTech Series (1/3)

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.

<p>Last month the BOJ made the timely release of the detailed minutes for bank’s Monetary Policy Meetings for the second half of 2006. The insights were particularly relevant given that the Bank had just ended Quantitative easing in March 2006 and debated the end to its ZIRP policy in July, with a shift from Quantitative easing policy to interest rate policy. By June 2006, the BOJ assets had fallen ¥32trn to ¥110trn., as current account reserves declined from ¥31trn to ¥10trn.<br><br>At the July 14, 2006 BOJ meeting, members argued for a hike from 0 to 0.25%, claiming signs of inflation approaching their vague 0-1% goal were evident and that any hike postponement would create a negative surprise for the market that was expecting an end to ZIRP.1 Against this, the government, represented by the deputy finance minister, periodically huddling with MOF staff, argued that the end to ZIRP was premature when inflation was still tenuous. Nonetheless, the hike was adopted unanimously, despite reservations from MOF (causing MOF to issue a white paper a few days later outlining its preference for a commitment to low interest rates and clear inflation targets before further hikes occurred).</p>

Last month the BOJ made the timely release of the detailed minutes for bank’s Monetary Policy Meetings for the second half of 2006. The insights were particularly relevant given that the Bank had just ended Quantitative easing in March 2006 and debated the end to its ZIRP policy in July, with a shift from Quantitative easing policy to interest rate policy. By June 2006, the BOJ assets had fallen ¥32trn to ¥110trn., as current account reserves declined from ¥31trn to ¥10trn.  At the July 14, 2006 BOJ meeting, members argued for a hike from 0 to 0.25%, claiming signs of inflation approaching their vague 0-1% goal were evident and that any hike postponement would create a negative surprise for the market that was expecting an end to ZIRP.1 Against this, the government, represented by the deputy finance minister, periodically huddling with MOF staff, argued that the end to ZIRP was premature when inflation was still tenuous. Nonetheless, the hike was adopted unanimously, despite reservations from MOF (causing MOF to issue a white paper a few days later outlining its preference for a commitment to low interest rates and clear inflation targets before further hikes occurred).

Central Bank Policy - Why 2018 Is Looking a Lot Like 2006 for the BOJ

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/021/137/original/map%20of%20metropolitan%20area%20in%20tokyo.png?1487510500" class="editor-image img-responsive" data-smartkarma-image-id="21137"></figure><div class="content-caption">Source: Euromonitor International from UN</div><table class="table table-striped">
<thead><tr>
<td><p>Indicator</p></td>
<td><p>2009</p></td>
<td><p>2014</p></td>
<td><p>2019</p></td>
</tr></thead>
<tbody>
<tr>
<td><p>Total GDP (US$ million, current prices) </p></td>
<td><p>1,490,346</p></td>
<td><p>1,513,219</p></td>
<td><p>1,725,592</p></td>
</tr>
<tr>
<td><p>Real GDP Growth (%) </p></td>
<td><p>-6.2</p></td>
<td><p>0.1</p></td>
<td><p>1.1</p></td>
</tr>
<tr>
<td><p>Population: January 1st ('000) </p></td>
<td><p>36,551</p></td>
<td><p>37,051</p></td>
<td><p>37,101</p></td>
</tr>
</tbody>
</table><h2>ECONOMY OF THE CITY</h2><p><strong>Industrial make-up</strong></p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/021/138/original/industrial%20make%20up%20of%20tokyo.png?1487510588" class="editor-image img-responsive" data-smartkarma-image-id="21138"></figure><div class="content-caption">Source: Euromonitor International</div><p>With total GDP of US$1.5 trillion in 2014, Tokyo is the largest urban economy in the world, greater than New York (US$1.45 trillion), London (US$1 trillion) and Paris (US$866 billion). However, when measured per person…</p>

Source: Euromonitor International from UN

Indicator
2009
2014
2019



Total GDP (US$ million, current prices) 
1,490,346
1,513,219
1,725,592


Real GDP Growth (%) 
-6.2
0.1
1.1


Population: January 1st ('000) 
36,551
37,051
37,101


ECONOMY OF THE CITYIndustrial make-upSource: Euromonitor InternationalWith total GDP of US$1.5 trillion in 2014, Tokyo is the largest urban economy in the world, greater than New York (US$1.45 trillion), London (US$1 trillion) and Paris (US$866 billion). However, when measured per person…

Japan

WisdomTree Japan Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Japan Hedged Equity Index. The Fund invests in dividend paying companies incorporated in Japan and listed on the Tokyo Stock Exchange, while neutralizing the risk of the Japanese yen's fluctuations relative to the USD.

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

Wisdomtree Japan Hedged Eq (DXJ US)

The Week That Was in NorthAsia@Smartkarma - Jelly Drinks, Dental Implants, & Tires

This is the inaugural report of "The Week That Was in North Asia@Smartkarma. This is a collaborative report among Travis Lundy, Mio Kato, CFA,...

Douglas Kim

US and China Push Their Respective Envelopes

South China Sea: US and China remain the key despite ASEAN efforts US blows hot and cold with China: Despite US Secretary of State Tillerson’s...

Manu Bhaskaran

Can Tech Save The Declining Japanese Apparel Industry? FashionTech Series (1/3)

In this first of a series of articles examining the FashionTech scene in Japan, Euromonitor International looks at BtoB start-up companies...

Euromonitor International Ltd.

Central Bank Policy - Why 2018 Is Looking a Lot Like 2006 for the BOJ

Last month the BOJ made the timely release of the detailed minutes for bank’s Monetary Policy Meetings for the second half of 2006. The insights...

Custom Products Group

City Profile Capsule: Tokyo

ECONOMY OF THE CITYIndustrial make-upWith total GDP of US$1.5 trillion in 2014, Tokyo is the largest urban economy in the world, greater than New...

Euromonitor International Ltd.

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52-week Range

Market Cap (USDm)

P/E

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