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

Renesas – Profitability Is the Story Here, Not Factory Fires

Renesas – Secondary Is a Good Chance to Enter at a Discount

Renesas Vs. TEL – Watch for a Snapback in This Extremely Stretched Ratio

Renesas – Auto Chip Shortage Could Drive Further Gains

Renesas – There Is Juice Left in the Long Renesas Short TEL Pair ST and Long Renesas Has Legs LT

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>The market reacted slightly negatively to news that Renesas was interested in tabling a EUR67.5 per share offer for Dialog Semiconductors. On the contrary we believe that such an acquisition would benefit both companies and that the impact on Renesas’ balance may be manageable even without more equity capital. Given that the stock is down 12.4% from its recent peak we believe this is a nice chance to buy into the supply crunch in automotive semiconductors on this news. The risk of a raise in the acquisition price is non-zero but we do not believe things would become egregious.</p>

The market reacted slightly negatively to news that Renesas was interested in tabling a EUR67.5 per share offer for Dialog Semiconductors. On the contrary we believe that such an acquisition would benefit both companies and that the impact on Renesas’ balance may be manageable even without more equity capital. Given that the stock is down 12.4% from its recent peak we believe this is a nice chance to buy into the supply crunch in automotive semiconductors on this news. The risk of a raise in the acquisition price is non-zero but we do not believe things would become egregious.

Renesas – Selloff on Dialog Announcement Opens Up Opportunity

Renesas Electronics

Renesas – Selloff on Dialog Announcement Opens Up Opportunity