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

Dowa – Dear Market, You’re Kinda Going The Wrong Way

Conviction Call Dowa – On Track for a Blowout and Growth Next Year

Dowa Holdings – Firing on All Cylinders

2022 High Conviction – Solar and Auto Production Play Dowa Holdings Drives Towards the Sunrise

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

<ul>
<li>Our 2022 conviction call Dowa Holdings is up 25% since we made that call and was up as much as 44% a few days ago. </li>
<li>We believe the recent correction is a simple reaction to the speed at which it had been rising. </li>
<li>We see significant further upside and unlike peers we believe all-time high earnings can be sustained even with commodity price moderation.</li>
</ul>


Our 2022 conviction call Dowa Holdings is up 25% since we made that call and was up as much as 44% a few days ago. 
We believe the recent correction is a simple reaction to the speed at which it had been rising. 
We see significant further upside and unlike peers we believe all-time high earnings can be sustained even with commodity price moderation.


Conviction Call Dowa – Add Into This Correction