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

SMM: Forecast 25% Below Consensus Is Not THAT Conservative

SMM: Disordered Structures for Li-Ion Increase Risk of Cobalt and Nickel Substitution with Manganese

Mitsui Mining: New Smartphone Clients for Microthin HDI Circuit Boards to Drive Growth

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/3439" target="_blank" data-smartkarma-citation="entities:3439:1">Pacific Metals Co Ltd (5541 JP)</a> is Japan's largest nickel producer and in the top five globally. The company produces ferronickel and thus does not directly sell materials for Li-ion batteries, but should benefit indirectly from this theme through higher LME prices for nickel which the companies' products are benchmarked to.</p><h2>Nickel Ore Prices Have Been Driven by Indonesian Ban on Raw Material Exports</h2><p>The 85% decline in nickel prices from 2007 to 2015 were not kind to the company and Indonesia's…</p>

Pacific Metals Co Ltd (5541 JP) is Japan's largest nickel producer and in the top five globally. The company produces ferronickel and thus does not directly sell materials for Li-ion batteries, but should benefit indirectly from this theme through higher LME prices for nickel which the companies' products are benchmarked to.Nickel Ore Prices Have Been Driven by Indonesian Ban on Raw Material ExportsThe 85% decline in nickel prices from 2007 to 2015 were not kind to the company and Indonesia's…

Pacific Metals: Boost from Indonesian Nickel Ore Export Resumption Could Put This on 7x PE