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Equity Analyst, LightStream Research

Aqila Ali

Equity Analyst

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/18703" target="_blank" data-smartkarma-citation="entities:18703:1">Denso Corp (6902 JP)</a> has continued its strong revenue growth, achieving almost 13% YoY growth during 1QFY03/19 outpacing consensus estimates by almost 4% and our estimates by nearly 2%. This was mainly due to the sales expansion together with the increase from its recently consolidated subsidiaries: DENSO TEN and TD mobile. Despite this steady growth in revenue, Denso failed to keep its profitability up to market expectations. On OP, the company faced a decline of 2.4% falling below market…</p>

Denso Corp (6902 JP) has continued its strong revenue growth, achieving almost 13% YoY growth during 1QFY03/19 outpacing consensus estimates by almost 4% and our estimates by nearly 2%. This was mainly due to the sales expansion together with the increase from its recently consolidated subsidiaries: DENSO TEN and TD mobile. Despite this steady growth in revenue, Denso failed to keep its profitability up to market expectations. On OP, the company faced a decline of 2.4% falling below market…

Denso Revises Earnings Guidance Upwards Despite Failing to Meet Market Expectations in 1Q