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

Inpex Guided to Lower Earnings Compared to Consensus Amidst Conservative Demand

StubWorld: Japex, Renault/Nissan, Wynn and the Chain Principle

Doosan Infracore Results Positive in 1Q18, Strengthened Balance Sheet to Support Expansion Strategy

Japex: Bad News Out but Risk Remains with Oil Sands Just Above Cash Cost

StubWorld - Set-Up/Unwind Extremes: JAPEX, Wheelock, Jardines (31 Aug 2017)

Japex Visit: Some Incremental Positives but Lacking Large Catalyst to Draw Investor Attention

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>Inpex’s share price has been volatile since January, 2017 following a bearish  first half and bullish second half in 2016. The downtrending in its top-line Since FY2014 should cease from FY2018. Sluggish margins have stabilise with commodity prices becoming less volatile this year. Strengthening LNG sales in the Japan market coupled with up-coming projects are positive signs, bolstered by increasing proved reserves. The looming impact of Ichthys is key to determining prospects over the next few years.</p>

Inpex’s share price has been volatile since January, 2017 following a bearish  first half and bullish second half in 2016. The downtrending in its top-line Since FY2014 should cease from FY2018. Sluggish margins have stabilise with commodity prices becoming less volatile this year. Strengthening LNG sales in the Japan market coupled with up-coming projects are positive signs, bolstered by increasing proved reserves. The looming impact of Ichthys is key to determining prospects over the next few years.

Ichthys Takes Inpex One-Step Closer to the Oil Majors

Inpex Corp

Ichthys Takes Inpex One-Step Closer to the Oil Majors