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 Holdings: Lull in Share Price Performance Likely but We Expect Strong FY2018 on Zinc Price/JPY

Zinc Prospects and Share Price Fall Make Dowa a Buy Again

Dowa Holdings 1H Estimates Revised Up 17.4%. Our Attached Segmental Model Suggests Further Upside.

Deconstructing Dowa Holdings: Deepening Analysis Using Regressions and Unlisted Company Financials

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/14050" target="_blank" data-smartkarma-citation="entities:14050:1">Dowa Holdings Co Ltd (5714 JP)</a> reported 3Q results after the Tokyo close with strong results in its Metal Processing segment in particular - a result of strong demand from overseas automakers and smartphone manufacturers in East Asia. However, results in its Smelting segment were poor due to refurbishments of smelters resulting in reduced volumes, Yen strength up to the US elections and losses on derivative contracts. On confirmation of the end of these one-off costs we would reaffirm our…</p>

Dowa Holdings Co Ltd (5714 JP) reported 3Q results after the Tokyo close with strong results in its Metal Processing segment in particular - a result of strong demand from overseas automakers and smartphone manufacturers in East Asia. However, results in its Smelting segment were poor due to refurbishments of smelters resulting in reduced volumes, Yen strength up to the US elections and losses on derivative contracts. On confirmation of the end of these one-off costs we would reaffirm our…

Dowa Holdings 3Q Results Mixed. Outlook Strong Given One-Offs