Equity Analyst

Gervin Gayan

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

Snap Shot of 1QFY2018Doosan Bobcat has recorded revenue of USD812mn (+20% YoY) and USD88mn in EBIT (+10.7% YoY). This was mainly driven by the strong demand in the compact construction equipment segment, due to strong economic conditions in Doosan Bobcat’s major markets.  South East Asia and Europe grew 30% and 46% YoY respectively. The European market grew due to the impact of strengthened distribution channels and product, supported by the appreciation of Euro, while the Asian market was…

Snap Shot of 1QFY2018Doosan Bobcat has recorded revenue of USD812mn (+20% YoY) and USD88mn in EBIT (+10.7% YoY). This was mainly driven by the strong demand in the compact construction equipment segment, due to strong economic conditions in Doosan Bobcat’s major markets.  South East Asia and Europe grew 30% and 46% YoY respectively. The European market grew due to the impact of strengthened distribution channels and product, supported by the appreciation of Euro, while the Asian market was…

Doosan Bobcat Started to Perform in 1Q18 as We Expected

Doosan Bobcat Inc

Doosan Bobcat Started to Perform in 1Q18 as We Expected