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

Krafton's Index Play: KOSPI 200, MSCI Std, FTSE AW, FnGuide Top 10, & KRX BBIG

Kakao Pay to Revise Offering Price: Reasons & Schedule Impacts on Kakao Bank & Krafton

Krafton Listing Date Confirmed as August 10th: Rebalancing Trading Timeline

New Games Launches by Krafton & Its Major Competitors in 2021

Krafton's Biggest Lie About Tencent Relationship & Regulation Risk in China

Krafton IPO – The Past Present and Future of PUBG

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 Capital Markets

<p>Krafton’s IPO looks extremely richly priced. The peer group selection by bankers is in our opinion highly dubious neglecting to account for Krafton’s current one trick pony status. We are happy to correct this error for them by including mobile gaming one tricks such as Mixi and Gungho below. You’re welcome bankers!</p>

Krafton’s IPO looks extremely richly priced. The peer group selection by bankers is in our opinion highly dubious neglecting to account for Krafton’s current one trick pony status. We are happy to correct this error for them by including mobile gaming one tricks such as Mixi and Gungho below. You’re welcome bankers!

Krafton

Krafton IPO - Valuation