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: Increasing Capex in LNG and GP Margin Expansion Could Drive Earnings

Chiyoda: 1Q Profitability Hurt by Cameron but We Focus on New Contracts

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

Chiyoda: Return to Profitability, Potential for Orders Rising

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

Chiyoda: 11% Fall on Broker Downgrade Creates Entry Opportunity

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/811" target="_blank" data-smartkarma-citation="entities:811:1">Exxon Mobil Corp (XOM US)</a> broke ranks with peers last week, announcing an aggressive capex plan for the next decade, boosting 2018's capex to USD24bn and gradually raising annual spend towards USD30bn in the mid 2020s. We believe this shift towards more capex is likely to continue, particularly in the LNG sector, on the back of surging Chinese and Asian demand and a recovery in spot prices. While the expected supply glut around the turn of the decade is likely to develop, increasingly, we…</p>

Exxon Mobil Corp (XOM US) broke ranks with peers last week, announcing an aggressive capex plan for the next decade, boosting 2018's capex to USD24bn and gradually raising annual spend towards USD30bn in the mid 2020s. We believe this shift towards more capex is likely to continue, particularly in the LNG sector, on the back of surging Chinese and Asian demand and a recovery in spot prices. While the expected supply glut around the turn of the decade is likely to develop, increasingly, we…

Chiyoda Corp

Chiyoda: The Next Order Cycle Is Upon Us