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

TRADE IDEA: Mitsui E&S (7003 JP) Stub - Every Dog Has Its Day

Japan: Autumn Results & Revision Scores - Peer Groups - 'Four Quadrant' Analysis

Japan: Autumn Large Cap Results & Revision Scores Review + '4QUADrant Analysis'

Chiyoda Corp (6366) Some Short Term Concerns Could Prove a Opportunity to Buy for Longer Term.

Chiyoda: JPY2.5trn in Potential Orders, JPY220bn in Market Cap and a SPERActacular Future

Chiyoda: Massive Loss from Cameron Sends Stock Limit Down

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>After opening down 7% and trading for about an hour, <a href="https://www.smartkarma.com/entities/6232" target="_blank" data-smartkarma-citation="entities:6232:1">Chiyoda Corp (6366 JP)</a> plunged again and was locked limit down. We believe this is due to concerns about a capital raise as the weakened balance sheet following the Cameron-related write-downs could limit the firm's ability to fund additional expenses for Ichthys until arbitration is completed on disputed contracts with subcontractors.</p>

After opening down 7% and trading for about an hour, Chiyoda Corp (6366 JP) plunged again and was locked limit down. We believe this is due to concerns about a capital raise as the weakened balance sheet following the Cameron-related write-downs could limit the firm's ability to fund additional expenses for Ichthys until arbitration is completed on disputed contracts with subcontractors.

Chiyoda: Limit Down Again as SMBC Nikko Touts Possibility of Capital Raise on Ichthys Expenses