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Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

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

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<p><a href="https://www.smartkarma.com/entities/27149" target="_blank" data-smartkarma-citation="entities:27149:1">Mercari Inc (4385 JP)</a>, Japan’s first Unicorn, had a successful IPO and currently trades at about 54% above its offering price. The company and its applications continue to disrupt the services of traditional thrift stores and it is expected to claim a larger share of the secondhand goods market in the next few years. LightStream Research has followed the company since its IPO announcement in May 2018 and has written extensively on the company’s products, markets and valuation. Our report can be…</p>
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Mercari Inc (4385 JP), Japan’s first Unicorn, had a successful IPO and currently trades at about 54% above its offering price. The company and its applications continue to disrupt the services of traditional thrift stores and it is expected to claim a larger share of the secondhand goods market in the next few years. LightStream Research has followed the company since its IPO announcement in May 2018 and has written extensively on the company’s products, markets and valuation. Our report can be…


Mercari Inc: OP Loss Widens But Low Exposure to Retail Investors Should Shield From Downside Risk