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

Chiyoda – COVID Uncertainty Continues to Dog Qatar Order

Smartkarma North Asia Weekly: Nikkei 225 Index Rebalance, Asia's Hydrogen Economy, Yatsen, & LG Corp

Chiyoda – Qatar the Short-Term Catalyst, Pref Share Buyback the Long-Term Catalyst

Chiyoda – Direct COVID Impact Limited but Order Flow Recovery Waits on Crude Prices

Chiyoda – Gross Margin Disappoints but SG&A Control Continues

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>Chiyoda’s 1Q was relatively quiet as gross margins recovered and cost control was strong. All attention will remain on the timing of the FID from Qatar which has been pushed back from 1HFY03/21 to 2H FY03/21 but still faces uncertainty given that clients appear to be waiting for more clarity on the length of COVID’s impact before going ahead with projects.</p>

Chiyoda’s 1Q was relatively quiet as gross margins recovered and cost control was strong. All attention will remain on the timing of the FID from Qatar which has been pushed back from 1HFY03/21 to 2H FY03/21 but still faces uncertainty given that clients appear to be waiting for more clarity on the length of COVID’s impact before going ahead with projects.

Chiyoda – Earnings Structure Improves but Qatar Delayed

Chiyoda Corp

Chiyoda – Earnings Structure Improves but Qatar Delayed