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

Palantir – Stock Based Compensation Costs Still High as Lockups Expire

Palantir 4Q20 Earnings: The Greatest Operating Leverage Story Ever Told

Palantir 1Q21 Earnings: ARK’s Buying What They’re Selling

Palantir – Settling in for the Long Term

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

Palantir Technologies  / Equity Bottom-Up

<p>Palantir remains one of our favourite names and is one of a tiny handful of tech companies which we believe will be able to truly grow into its valuation. We noted prior to the listing that we didn’t expect immediate fireworks but that we believed the stock would perform well as results came through and this has indeed happened with the stock up over 80% since late October. Fellow IP <a href="https://www.smartkarma.com/profiles/aaron-gabin" target="_blank" rel="noopener">Aaron Gabin</a> takes the opposite view <a href="https://www.smartkarma.com/insights/2021-high-conviction-short-palantir" target="_blank" rel="noopener">here</a> in a detailed piece that is worth reading to understand the short thesis.</p>

Palantir remains one of our favourite names and is one of a tiny handful of tech companies which we believe will be able to truly grow into its valuation. We noted prior to the listing that we didn’t expect immediate fireworks but that we believed the stock would perform well as results came through and this has indeed happened with the stock up over 80% since late October. Fellow IP Aaron Gabin takes the opposite view here in a detailed piece that is worth reading to understand the short thesis.

Palantir – Profitability and Operating Leverage Are Staggering If You Know How to Look at Them