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

Cloudflare IPO Valuation: Dark Shadows Over Cloud (Part II)

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 Capital Markets

<p><a href="https://www.smartkarma.com/entities/cloudflare" target="_blank" data-smartkarma-citation="entities:28263:1" rel="noopener">CloudFlare (NET US)</a> has rapidly achieved scale in the content delivery network (CDN) space by offering a high quality free product for startups and individual programmers running their own websites. By doing so the company aims to enlarge its network, increasing the scope of its data gathering ability, tapping free users as beta testers, improving branding in terms of both its products and its attractiveness as an employer, and spread costs over a wider base.</p><p>We compare the company's cost structure with its peers which typically do not offer the same free service and some of whom are more focused on streaming related services. </p>

CloudFlare (NET US) has rapidly achieved scale in the content delivery network (CDN) space by offering a high quality free product for startups and individual programmers running their own websites. By doing so the company aims to enlarge its network, increasing the scope of its data gathering ability, tapping free users as beta testers, improving branding in terms of both its products and its attractiveness as an employer, and spread costs over a wider base.We compare the company's cost structure with its peers which typically do not offer the same free service and some of whom are more focused on streaming related services. 

Cloudflare IPO Quantamentals: Who Pays the Cost of Free?