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Equity Analyst, LightStream Research

Aqila Ali

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><a href="https://www.smartkarma.com/entities/15395" target="_blank" data-smartkarma-citation="entities:15395:1">Keihin Corp (7251 JP)</a> posted strong 1Q FY03/19 results on Friday, witnessing revenue increase by 5% YoY while OP increased by 36.2% YoY beating our estimates as well as consensus estimates. Despite the strong growth in earnings this quarter, Keihin kept its guidance unchanged, expecting a 30% decline in OP for FY03/19E. The company does not give a clear reason to support such a significant decline despite the solid 1Q results and we continue to feel that the company is being overly conservative…</p>

Keihin Corp (7251 JP) posted strong 1Q FY03/19 results on Friday, witnessing revenue increase by 5% YoY while OP increased by 36.2% YoY beating our estimates as well as consensus estimates. Despite the strong growth in earnings this quarter, Keihin kept its guidance unchanged, expecting a 30% decline in OP for FY03/19E. The company does not give a clear reason to support such a significant decline despite the solid 1Q results and we continue to feel that the company is being overly conservative…

Keihin 1Q Earnings Results Were Strong: Why Guide for a 30% OP Decline Still?