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

US Expansion of Travel Bans the First Step in Broader Escalation?

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>We have generally favoured Li Auto over peers Nio and Xpeng since its listing and regard it as a more sensible take on the EV theme, both in terms of strategy and execution and valuation. As it prepares for a listing in Hong Kong, that view has not changed greatly and despite doubling since its US listing, the stock does not actually require any phenomenal financial gymnastics to justify its share price.</p>

We have generally favoured Li Auto over peers Nio and Xpeng since its listing and regard it as a more sensible take on the EV theme, both in terms of strategy and execution and valuation. As it prepares for a listing in Hong Kong, that view has not changed greatly and despite doubling since its US listing, the stock does not actually require any phenomenal financial gymnastics to justify its share price.

Li Auto IPO - A Reasonably Valued EV Company???