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

Modec: Petrobras Order Delays Negative but Orders from India and Mexico Could Support Backlog

MODEC: Order Win in Mexico Is a Positive, Stock Rebounds 7% as MS Initiates with Buy

MODEC: 17% Price Jump as Results Beat, Guidance Is Lowballed

MODEC Could Be Our Favourite Pick for 2018

MODEC Rally Points with Laggard Potential

MODEC: Starting Breakout as Presalt Potential Is Realised After 180 Million Years

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><a href="https://www.smartkarma.com/entities/2840" target="_blank" data-smartkarma-citation="entities:2840:1">Modec Inc (6269 JP)</a> announced excellent 2Q results yesterday as revenue improved sequentially from JPY46,784m to JPY66,059m (+41.2%) and gross margin surged from 8.8% to 18.7% sequentially. SG&amp;A stayed subdued at JPY2,868m (vs. JPY2,741m last quarter) despite the large increase in revenue. Finally, affiliate income recovered from the JPY320m of last quarter (a nine quarter low) to JPY1,442m which still feels low to us but is a move in the right direction. The company revised up its FY EPS…</p>

Modec Inc (6269 JP) announced excellent 2Q results yesterday as revenue improved sequentially from JPY46,784m to JPY66,059m (+41.2%) and gross margin surged from 8.8% to 18.7% sequentially. SG&amp;A stayed subdued at JPY2,868m (vs. JPY2,741m last quarter) despite the large increase in revenue. Finally, affiliate income recovered from the JPY320m of last quarter (a nine quarter low) to JPY1,442m which still feels low to us but is a move in the right direction. The company revised up its FY EPS…

MODEC: +8% on 2Q Earnings Surge, Gross Margin Recovery and Large Revenue Bump Should Continue