Japan/Asia Long-Short, LightStream Research

Mio Kato

Over 15 years analysing Japanese and Asian stocks from a long/short perspective

I focus on cyclically driven sectors such as Gaming, Factory Automation and Autos

An eclectic background as a long-short analyst, upper management at a financial data startup through its listing, and as the founder of a team analysing big/alternative data, all of which supports independent and differentiated views... we hope

An appreciation for Mathematics drives the development of a "Micro-Quantamental" process which can provide a data-driven, historically-informed and semi-automated foundation upon which to layer more qualitative and judgemental analysis, thus improving investment decision-making speed and accuracy

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

Assetmark Financial Holdings / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/assetmark-financial-holdings" target="_blank" data-smartkarma-citation="entities:28186:1" rel="noopener">Assetmark Financial Holdings (AMK US)</a> is selling 12.5m shares (6.25m primary shares and 6.25m shares from parent <a href="https://www.smartkarma.com/entities/huatai-securities-co-ltd" target="_blank" data-smartkarma-citation="entities:28124:1" rel="noopener">Huatai Securities Co Ltd (HTSC LI)</a>) with a 1.875m greenshoe at an indicated range of USD19-21 per share, expecting to list on 17 Jul.The company offers a variety of technological solutions and consulting services for wealth managers, and currently boasts USD49.7bn in assets on its platform, managed by about 7,600 advisers of whom almost 2,000 manage over USD5m in assets each. Following the acquisition of Global Financial Private Capital in April for USD35.9m, the company should add USD3.6bn in assets to take the total on its platform above USD50bn.We examine the company's business model, industry and financial trends and competitor valuations below.

Assetmark Financial Holdings (AMK US) is selling 12.5m shares (6.25m primary shares and 6.25m shares from parent Huatai Securities Co Ltd (HTSC LI)) with a 1.875m greenshoe at an indicated range of USD19-21 per share, expecting to list on 17 Jul.The company offers a variety of technological solutions and consulting services for wealth managers, and currently boasts USD49.7bn in assets on its platform, managed by about 7,600 advisers of whom almost 2,000 manage over USD5m in assets each. Following the acquisition of Global Financial Private Capital in April for USD35.9m, the company should add USD3.6bn in assets to take the total on its platform above USD50bn.We examine the company's business model, industry and financial trends and competitor valuations below.

AssetMark IPO: Manage Your Wealth in the Other Direction