Monolith Capital
283 posts
Monolith Capital
@Monolith_Cap
Looking for niche market leaders with long investment runways. Not financial advice. Always do your own due diligence.
Katılım Ocak 2021
326 Takip Edilen9.6K Takipçiler
Good morning. Happy to see my Japanese stocks with "limited downside" propping up the portfolio today
GIF
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@AlmaCap114204 Do you have an exit strategy? I think the current valuation is well supported by fundamentals 2-3 out, but I don’t see them going vertical into infinity
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In case it helps anyone who is shaken, I continue to hold very significant positions in Samsung Preferreds and SK Hynix (plus some SK Square)
This dip is mechanical as multiple hedge funds and significant numbers of retail traders are getting margin called and liquidated.
Hold strong friends.
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@blondesnmoney Shit and here I’m caught with my pants down
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Monolith Capital retweetledi
国産のバルブメーカーです！
発電所で使われているバルブなので「絶対に漏らさない」技術が大切。超高温高圧の流体を、金属だけでピタリと止めちゃいます。
今年で創業100年目！バズりたい！！！
軍手工房®︎🧤｜軍手に企業ロゴを印刷🧤《オリジナル軍手》が大好評🧤ノベルティやイベントに🧤@guntekobo
国産軍手もバズらないかなぁ。 編み目の細かさと、フィット感では自信があるんだけどなぁ。
日本語
In the follow-up Q&A, Santec ($6777.T) again emphasized (1) optical components for high-speed transceivers and (2) testers for fibre cable connectors as key earnings drivers. The development of the CPO manufacturing architecture (PICAlign) with SENKO and Aerotech is ongoing.
Monolith Capital@Monolith_Cap
Nothing about CPO production slot wins in Santec’s $6777.T briefing. That’s important for the long term. The near-term earnings drivers are very strong – US demand for optical transceivers and fibre-cable testing is booming. Management is aggressively adding production capacity.
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@xenoxidal1234 Yes. At today's price, CPO is a bonus. I expect optical transceivers, fibre-cable testers, medical devices (Argos + soon-to-be-launched Argonaut), and wafer-inspection equipment to carry Santec's valuation.
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@Monolith_Cap does that alleviate your concerns about CPO that you mentioned?
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Okano Valve ($6492.T) has also announced an agreement with Terra Drone to promote drone inspections of domestic power plants. Okano’s management is aggressively pushing digital monitoring services and remote maintenance to minimize human involvement.
Monolith Capital@Monolith_Cap
$6492.T Okano Valve has launched a remote diagnostic service for power plant valves together with NTT Business Docomo. Okano will initially focus on thermal and hydroelectric power plants in Japan, with plans to expand to nuclear power plants and overseas markets in the future.
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@hutianyi991 Unclear, at this point. Both approaches are still in development, and I didn't see any client feedback on early demos. I believe the optical testing opportunity is much larger for Santec today (steps 3 and 6).
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Hi Monolith, really appreciate your high quality analysis. it’s actually what got me into researching Santec (6777 JP) lately.
I’d love to get your take on how Corning’s GlassBridge (enabling passive alignment) might impact Santec, specifically regarding Step 4?
"the PICAlign collaboration with Aerotech and SENKO targets active alignment during optical fiber coupling/assembly (step 4)"
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After extensive digging, my mosaic theory on Santec (6777.JP) is that management views TSMC’s COUPE as the leading silicon photonics integration platform and works around the clock to incorporate its optical instruments into several production and testing steps.
First, the PICAlign collaboration with Aerotech and SENKO targets active alignment during optical fiber coupling/assembly (step 4) and module assembly and tray test (step 6). SENKO is already part of Nvidia's CPO supply chain for FAU connectors.
Second, Santec’s tunable lasers, multichannel power meters, the SPA-200 swept photonics analyzer, and the EFEM-ready TMS-2000 wafer mapper are positioned as subsystem components of the ATE photonics testing platform (like Advantest’s V93000-Triton) for wafer testing (step 3).
Q4 earnings in May will tell whether I'm onto something.
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@Portfoliodiary Fundamentals are still strong, as the main earnings drivers today - transceiver components and fibre cable testers - are intact. I continue to maintain a meaningful position and will reevaluate it after the results in August.
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@Monolith_Cap Santec has gone down a lot after you trimmed … what are your thoughts on the setup now? Do you think anything fundamental has changed?
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Daiwa initiated coverage of FUSO Chemical ($4368.T) with an outperform rating. Nothing groundbreaking in the report, except for promising new material for PCBs: hollow submicron silica. FUSO is in discussions with several companies, aiming for production launch this year.
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$6492.T Okano Valve has launched a remote diagnostic service for power plant valves together with NTT Business Docomo. Okano will initially focus on thermal and hydroelectric power plants in Japan, with plans to expand to nuclear power plants and overseas markets in the future.
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If only Applied Optoelectronics ($AAOI) and Sivers ($SIVE) generated earnings as fast as they issue shares: AAOI’s share count has nearly tripled in the past 5 years, while Sivers’ has doubled. The fastest-growing product line appears to be the float.
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@KairosPraxis That’s surprising indeed. I spoke with Hanwha’s management last week in Seoul and they were quite confident about getting the job
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Nothing's confirmed yet but if true, I would be very surprised. I also own shares of $KDEF so 🤷
GIF
CTV News@CTVNews
Canada chooses German company to build new submarine fleet: report ctvnews.ca/politics/artic…
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@Toyoroku8 No view on TVE. I briefly compared it to Okano while researching the nuclear power industry in Japan. Okano had cleaner exposure to boiling-water reactor restarts and appeared cheaper.
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Not so overlooked anymore, eh?
Monolith Capital@Monolith_Cap
$6492.T Okano Valve is already up 50%+ and remains overlooked. Management doesn't bother with English disclosure because foreign ownership is under 10%. A medium-term plan apparently exists, but policy volatility keeps it buried. Fine by me – there is still alpha in Japan.
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Nikkei finally discovered Santec ($6777.T). The company's new Ottawa factory for fiber cable testers opens this month, doubling production capacity. Management is considering a new site in Japan to keep up with demand for optical testing.
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Assuming Citadel is right, now is the time to shine for fundamental stock pickers. The AI has dramatically lowered information acquisition costs, so good selection + strong conviction should matter more than ever.
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