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

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>Listed on the Stock Exchange of Hong Kong, Nexteer is a global supplier of steering systems including ADAS enabled electric power steering to automotive OEMs, focusing on the truck operations of the American big three and emerging market OEMs in China, India and South America. The company has demonstrated strong execution winning numerous new customers and orders for new models but has nevertheless been plagued by a variety of factors out of their control, including the slowdown in the Chinese automotive market, strikes at GM and now the coronavirus. As a result, the stock which once traded at 5x book is down to trading at book. We explore this opportunity below.</p>

Listed on the Stock Exchange of Hong Kong, Nexteer is a global supplier of steering systems including ADAS enabled electric power steering to automotive OEMs, focusing on the truck operations of the American big three and emerging market OEMs in China, India and South America. The company has demonstrated strong execution winning numerous new customers and orders for new models but has nevertheless been plagued by a variety of factors out of their control, including the slowdown in the Chinese automotive market, strikes at GM and now the coronavirus. As a result, the stock which once traded at 5x book is down to trading at book. We explore this opportunity below.

Nexteer – Macro Headwinds Open Up Buying Opportunity for the Patient

Nexteer Automotive

Nexteer – Macro Headwinds Open Up Buying Opportunity for the Patient