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

LG Energy – Electrifying Downside Potential

Korean Financial Authorities Tighten IPO Requirements for Institutional Investors

W Scope (6619): Wrong Victim of Nickel Price Surge

Krafton IPO – The Past Present and Future of PUBG

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<ul>
<li>We have been sceptical about Krafton’s valuation and ability to generate new hits since its listing. </li>
<li>After treading water close to its IPO price for five months the new year has seen the stock crater 25%. </li>
<li>In our view the bad news is just getting started and that is despite PUBG: Mobile still doing well in China and India.</li>
</ul>


We have been sceptical about Krafton’s valuation and ability to generate new hits since its listing. 
After treading water close to its IPO price for five months the new year has seen the stock crater 25%. 
In our view the bad news is just getting started and that is despite PUBG: Mobile still doing well in China and India.


Krafton

Krafton – Breaking Down