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

Equity Bottom-Up

<p style="text-align: justify;">Trading on a PER of 13x, FY16 EV/OP of 9x and a dividend yield of almost 3%, it is hard to find fault with KDDi (9433) as an investment, yet the market seems so minded. Monday April 3rd saw the shares fall to their lowest for this year – and on decent volume (11mil shares) – despite an absence of news (Bloomberg’s automated research tool acidly pointed out that interest in news on KDDi was unusually high despite the absence of news; underscoring the need for everyone to find out why the shares…</p>

Trading on a PER of 13x, FY16 EV/OP of 9x and a dividend yield of almost 3%, it is hard to find fault with KDDi (9433) as an investment, yet the market seems so minded. Monday April 3rd saw the shares fall to their lowest for this year – and on decent volume (11mil shares) – despite an absence of news (Bloomberg’s automated research tool acidly pointed out that interest in news on KDDi was unusually high despite the absence of news; underscoring the need for everyone to find out why the shares…

KDDi (9433) - Are Slowdown Fears Overblown?

KDDI Corp

KDDi (9433) - Are Slowdown Fears Overblown?