Equity Analyst

Gervin Gayan

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 Bottom-Up

IHI’s Top-line Has Improved in FY03/18<a href="https://www.smartkarma.com/entities/4819" target="_blank" data-smartkarma-citation="entities:4819:1">IHI Corp (7013 JP)</a> has increased their revenue considerably to JPY1,590bn (7%YoY) in FY03/18 while operating profit has shown sharp growth to JPY72bn (53%YoY). The growth in operating profit was mainly a result of a turn-around in the Social Infrastructure and Offshore Facility segment from an operating loss (FY03/17 – JPY12bn) to an operating profit of JPY7bn, and the increase in operating profit in the Aero Engine, Space and Defence segment by JPY13bn.…

IHI’s Top-line Has Improved in FY03/18IHI Corp (7013 JP) has increased their revenue considerably to JPY1,590bn (7%YoY) in FY03/18 while operating profit has shown sharp growth to JPY72bn (53%YoY). The growth in operating profit was mainly a result of a turn-around in the Social Infrastructure and Offshore Facility segment from an operating loss (FY03/17 – JPY12bn) to an operating profit of JPY7bn, and the increase in operating profit in the Aero Engine, Space and Defence segment by JPY13bn.…

Bottom-Line Improvement in View for FY03/19