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

Chiyoda: Return to Profitability, Potential for Orders Rising

Chiyoda: Increasing Capex in LNG and GP Margin Expansion Could Drive Earnings

Chiyoda: 11% Fall on Broker Downgrade Creates Entry Opportunity

Chiyoda Corp: Looking to Revive Itself with Innovative Solutions

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>The established narrative regarding LNG is that there is a glut, and this view is supported by renegotiations of long-term contracts downwards. In particular, India's Petronet renegotiated contracts with Qatar's Rasgas and with ExxonMobil, but in both cases Petronet committed to larger volumes in order to extract lower pricing. Indeed, LNG capacity has been expanding rapidly since 2016 and should continue to do so until 2020 with capacity rising from about 290m tonnes per year in 2017 to…</p>

The established narrative regarding LNG is that there is a glut, and this view is supported by renegotiations of long-term contracts downwards. In particular, India's Petronet renegotiated contracts with Qatar's Rasgas and with ExxonMobil, but in both cases Petronet committed to larger volumes in order to extract lower pricing. Indeed, LNG capacity has been expanding rapidly since 2016 and should continue to do so until 2020 with capacity rising from about 290m tonnes per year in 2017 to…

LNG's Stealth Recovery Could Save Toshiba, Propel Chiyoda to New Heights