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

LNG's Stealth Recovery Could Save Toshiba, Propel Chiyoda to New Heights

Chiyoda's Ground-Breaking Technology with Hydrogen Leads to New Demo Project in the Energy Sector

Chiyoda: Return to Profitability, Potential for Orders Rising

Chiyoda Corp: Looking to Revive Itself with Innovative Solutions

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

<p><a href="https://www.smartkarma.com/entities/6232" target="_blank" data-smartkarma-citation="entities:6232:1">Chiyoda Corp (6366 JP)</a> has fallen from JPY792 at the close on Wed to JPY705 as a result of a downgrade by SMBC Nikko. Earnings are still likely to weak for a few quarters due to construction delays at Cameron in Louisiana but we expect the order outlook to brighten as we move into next FY and that the perception of a persistent LNG glut into the mid 2020s could start to soften. The company is pursuing the option of classifying the persistent flooding and heavy rains near Cameron to be force…</p>

Chiyoda Corp (6366 JP) has fallen from JPY792 at the close on Wed to JPY705 as a result of a downgrade by SMBC Nikko. Earnings are still likely to weak for a few quarters due to construction delays at Cameron in Louisiana but we expect the order outlook to brighten as we move into next FY and that the perception of a persistent LNG glut into the mid 2020s could start to soften. The company is pursuing the option of classifying the persistent flooding and heavy rains near Cameron to be force…

Chiyoda: 11% Fall on Broker Downgrade Creates Entry Opportunity