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

Japan Display--Strong Orders from Apple & Chinese Customers for Full-Active Displays

JDI: Investors Waiting for Confirmation of Cost Structure Improvement

JDI: Long Awaited Big Bath Is Here, Now What?

JDI: VR Screen Commercialisation Progressing

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>Reports from South Korea's Electronic Times that Apple would be switching to OLED for all of its 2019 models has pummelled LCD supply chain names, with JDI down as much as 16%. This looks like a severe overreaction to us without any real confirmation from sources with a good track record of predicting Apple's moves. While we are uncertain about the veracity of the reports, there are a number of factors which make a full switch to OLED for 2019 seem unlikely to us. We discussed the report briefly…</p>

Reports from South Korea's Electronic Times that Apple would be switching to OLED for all of its 2019 models has pummelled LCD supply chain names, with JDI down as much as 16%. This looks like a severe overreaction to us without any real confirmation from sources with a good track record of predicting Apple's moves. While we are uncertain about the veracity of the reports, there are a number of factors which make a full switch to OLED for 2019 seem unlikely to us. We discussed the report briefly…

JDI: Report of Full Switch to OLED by Apple in 2019 Hits Suppliers, JDI Down 16%