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

Softbank – Why We Think Arm Is Worth Less Than $10bn

Softbank (9984) Strong Bull Elements off of 4,200 Big Support

Softbank Group - A Strong Dollar Is Good News with 87% of Assets Overseas

Softbank Group - China Worries Re-Surface as Alibaba, Didi Under Pressure

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<ul>
<li>When Softbank announced its strange buyback in November we wondered aloud whether buyback maximums of ¥1trn and 250m meant Softbank foresaw a ¥4,000 share price in its future. </li>
<li>With the stock price now having jauntily sashayed down to ¥4,265 it is a question why they aren’t more aggressive with their buyback. </li>
<li>A question that may be answered by all the cash raising measures that Softbank is engaged in perhaps?</li>
</ul>


When Softbank announced its strange buyback in November we wondered aloud whether buyback maximums of ¥1trn and 250m meant Softbank foresaw a ¥4,000 share price in its future. 
With the stock price now having jauntily sashayed down to ¥4,265 it is a question why they aren’t more aggressive with their buyback. 
A question that may be answered by all the cash raising measures that Softbank is engaged in perhaps?


Softbank – That ¥4000 Mark Is Getting Close…