Ortus Advisors

Andrew Jackson

I have been trading Japanese equities since 2004, and have worked for a number of firms in Tokyo, HK and Singapore. For the last few years I have been primarily focused on developing a propietry long/short relative value sector neutral strategy for the TPX500, taking advantage of the sector depth and liquidity which only Japan has to offer in Asia.

Independent Insight Provider

Thematic (Sector/Industry)

Japan Technology hardware and equipment / Thematic (Sector/Industry)

<ul>
<li>Despite management's plans for buybacks, restructuring, and debt reduction, Sanken's stock fell below preannouncement levels and appears mispriced. </li>
<li>Strong results from US homebuilders and the Electronic Materials sector suggest positive momentum for Japanese firms like Sumitomo Forestry, Sekisui House, and Shin-Etsu.</li>
<li>With 50% of operating profit coming from China, Screen is vulnerable to US trade restrictions. Despite a positive earnings report, concerns over these issues may dampen sentiment</li>
</ul>


Despite management's plans for buybacks, restructuring, and debt reduction, Sanken's stock fell below preannouncement levels and appears mispriced. 
Strong results from US homebuilders and the Electronic Materials sector suggest positive momentum for Japanese firms like Sumitomo Forestry, Sekisui House, and Shin-Etsu.
With 50% of operating profit coming from China, Screen is vulnerable to US trade restrictions. Despite a positive earnings report, concerns over these issues may dampen sentiment


Japan Morning Connection – 29 July 2024