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Equity Analyst, LightStream Research

Supun Walpola

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.

Event-Driven

<p><a href="https://www.smartkarma.com/entities/14211" target="_blank" data-smartkarma-citation="entities:14211:1">Monex Group Inc </a>(Monex)’s share price closed +JPY100 (17.54%) on Wednesday, hitting the Daily Price Limit set by the TSE for the third time during April (2018). Wednesday’s increase was brought about after Monex’s FY03/18 financial results were released, which gave us some useful insights about the profitability of their newly acquired subsidiary, Coincheck.</p><p>Monex bought 100% of Coincheck, a Tokyo-based cryptocurrency exchange, for a base price of JPY3.6bn plus a contingency payment of up to half…</p>

Monex Group Inc (Monex)’s share price closed +JPY100 (17.54%) on Wednesday, hitting the Daily Price Limit set by the TSE for the third time during April (2018). Wednesday’s increase was brought about after Monex’s FY03/18 financial results were released, which gave us some useful insights about the profitability of their newly acquired subsidiary, Coincheck.Monex bought 100% of Coincheck, a Tokyo-based cryptocurrency exchange, for a base price of JPY3.6bn plus a contingency payment of up to half…

Monex Hits the “Daily Price Limit” for the Third Time in a Month