Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Equity Bottom-Up

<p>With less than 4 months before the end of the fiscal year for most companies in Japan. We screened for names where there is a big disparity between consensus estimates and company guidance. We then backtested performance over the last 9 years. We found that companies where Net Income guidance is greater than 5% above consensus outperform TOPIX by an average of 3.6% from the beginning of January to April. Companies where Net Income guidance is 5% or more below consensus on average are only up 0.7% relative to TOPIX. </p>

With less than 4 months before the end of the fiscal year for most companies in Japan. We screened for names where there is a big disparity between consensus estimates and company guidance. We then backtested performance over the last 9 years. We found that companies where Net Income guidance is greater than 5% above consensus outperform TOPIX by an average of 3.6% from the beginning of January to April. Companies where Net Income guidance is 5% or more below consensus on average are only up 0.7% relative to TOPIX. 

Japan Consensus Vs. Company Guidance - Names with a Big Disparity

Alpine Electronics

Japan Consensus Vs. Company Guidance - Names with a Big Disparity