In today’s briefing:
- Japan Weekly | Kubota, Hitachi Construction, Ain
- Ohayo Japan|US Stocks Cap Strong Week; JAPAN X: Daikin, Melco to Benefit from US Heat Pump Growth
- [Blue Lotus Hardware Sector Update]: Huawei Mate 60 Is a Win-Win for Both US and China
Japan Weekly | Kubota, Hitachi Construction, Ain
- Japanese stocks had a good week with Topix up +3.68% and +24.21% year-to-date
- Japanese exporters are seeing better pricing power in key overseas markets – the weak yen is an additional tailwind
- Weakness in the Chinese economy is impacting stocks that benefit from a strong Chinese consumer and inbound tourism
Ohayo Japan|US Stocks Cap Strong Week; JAPAN X: Daikin, Melco to Benefit from US Heat Pump Growth
- OVERSEAS: US Stock Cap strong week with positive gains; Payrolls jumped, but so did Unemployment rate=past peak rates ? China slowdown fueling worries about Contagion.
- JAPAN: NKY Futures +0.2% vs Cash; USDJPY 146.2; Japan Govt to Shorten Assessment Period for Off-Shore Wind; Japan-UK to cooperate in next Gen nuclear plants; ARM Pricing ~50 billion USD.
- JAPAN X: Daikin and Mitsubishi Electric Poised to Benefit from US Heat Pump Growth.
[Blue Lotus Hardware Sector Update]: Huawei Mate 60 Is a Win-Win for Both US and China
- From what we understand, the Kirin 9000s that powers Huawei’s new 5G phone is the same 9000 that launched in 2020, only refitted from TSMC’s 5nm to SMIC’s 7nm.
- The good news is capacity will likely reach 50-60mn a year, or 17% of China’s smartphone volume in 2022;
- Huawei’s launch of 5G does speak volumes about the strides China’s semiconductor supply chain has made, but its timing also takes advantage of the defusing of geopolitical tensions.
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