Equity Analyst, LightStream Research

Farha Sabri

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>Murata Manufacturing and TDK Corp reported their FY03/18 earnings on Friday with both companies recording growth in top-line despite a fall in bottom-line.</p><p>Murata recorded 20.8% growth in top-line to JPY1,371.8bn on the back of rising demand for electronic components in a wide range of industries, rising demand for new components used in smartphones and the acquisition of the lithium-ion battery business from Sony Corp. The company’s top-line performed a touch better than our own forecast which…</p>

Murata Manufacturing and TDK Corp reported their FY03/18 earnings on Friday with both companies recording growth in top-line despite a fall in bottom-line.Murata recorded 20.8% growth in top-line to JPY1,371.8bn on the back of rising demand for electronic components in a wide range of industries, rising demand for new components used in smartphones and the acquisition of the lithium-ion battery business from Sony Corp. The company’s top-line performed a touch better than our own forecast which…

Electronic Component Manufacturers Record Strong Top-Line Growth in FY03/18