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

KHI: Share Price Cracks 13% on Shinkansen Issue but 20% OP Beat Could Be Coming

KHI: Not the Most Vulnerable to Chinese Retaliation Against Boeing, Russian MC-21 Is a Wildcard

KHI (7012) Oversold Here, 13x with Some Good Growth Drivers.

Maintained Guidance on Strong 3Q Conservative, 30+% Beat Vs. Consensus on the Cards

KHI: We Expect Aircraft and Aero Engines to Drive Earnings up 100% by FY03/21

Geared High-Bypass Turbofans Key to Aero Engine Efficiency Improvements

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

Kawasaki Heavy Industries / Equity Bottom-Up

<p>KHI announced today that it had found parts in a total of 146 shinkansen carriages which failed to meet thickness requirements and would be replacing the parts and any others it deemed to be at risk. This follows a discovery of a large crack in a shinkansen train at Nagoya station in December last year that could have potentially caused a derailment if not repaired. The company announced that it would hold a conference in the evening before market close resulting in the stock falling about 2.1%…</p>

KHI announced today that it had found parts in a total of 146 shinkansen carriages which failed to meet thickness requirements and would be replacing the parts and any others it deemed to be at risk. This follows a discovery of a large crack in a shinkansen train at Nagoya station in December last year that could have potentially caused a derailment if not repaired. The company announced that it would hold a conference in the evening before market close resulting in the stock falling about 2.1%…

KHI: Shinkansen Crack Repair Costs Should Be Manageable