Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

Technopro Holdings / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/6955" target="_blank" data-smartkarma-citation="entities:6955:1">Technopro Holdings Inc (6028 JP)</a> is aiming to raise about USD129m in order to repay previous debts incurred due to a variety of acquisitions and strengthen its HR management systems. The company outsources engineering staff to a broad range of Japanese companies helping them more flexibly manage staffing according to their fluctuating needs. Please refer <a href="https://www.smartkarma.com/profiles/940" target="_blank" data-smartkarma-citation="accounts:940">NicholasTanner</a> 's insight <a href="https://www.smartkarma.com/insights/technopro-6028-the-winner-in-its-field-with-good-growth-outlook-assured" target="_blank" data-smartkarma-citation="insights:18495">Technopro (6028) The Winner in Its Field with Good Growth Outlook Assured</a> for a nice summary of the company's…</p>

Technopro Holdings Inc (6028 JP) is aiming to raise about USD129m in order to repay previous debts incurred due to a variety of acquisitions and strengthen its HR management systems. The company outsources engineering staff to a broad range of Japanese companies helping them more flexibly manage staffing according to their fluctuating needs. Please refer NicholasTanner 's insight Technopro (6028) The Winner in Its Field with Good Growth Outlook Assured for a nice summary of the company's…

TechnoPro: Industry Consolidation Potential Justifies Premium

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.

Thematic (Sector/Industry)

<p>I know we usually focus on Value in Japan, but sometimes it is worth looking for Growth names. We first limited the universe to names with mkt-cap below ¥200bn. We then screened for names that had positive YoY quarterly growth every quarter for the last 3 years. 98 names made that list.</p><p>We cut the list down to 24 names by limiting it to names that have also had positive quarterly OP  growth 12 out of the last 13 quarters.</p><h2>Screen Results </h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/029/859/original/2.png?1500323285" class="editor-image img-responsive" data-smartkarma-image-id="29859"></figure><div class="content-caption">Source: Custom Products</div><p>As you can see from the table above…</p>

I know we usually focus on Value in Japan, but sometimes it is worth looking for Growth names. We first limited the universe to names with mkt-cap below ¥200bn. We then screened for names that had positive YoY quarterly growth every quarter for the last 3 years. 98 names made that list.We cut the list down to 24 names by limiting it to names that have also had positive quarterly OP  growth 12 out of the last 13 quarters.Screen Results Source: Custom ProductsAs you can see from the table above…

Japan

OUTSOURCING Inc. provides outsourcing services for manufacturing companies. The Company mainly provides services for industries such as food, electric equipment, transport machine, chemical, and metal.  Outsourcing also provides worker dispatching service.

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Outsourcing Inc (2427 JP)

TechnoPro: Industry Consolidation Potential Justifies Premium

Technopro Holdings Inc (6028 JP) is aiming to raise about USD129m in order to repay previous debts incurred due to a variety of acquisitions and...

Mio Kato

Small-Cap Growth Names in Japan....

I know we usually focus on Value in Japan, but sometimes it is worth looking for Growth names. We first limited the universe to names with mkt-cap...

Custom Products Group

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