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 Group - A Very Bad Week as China Drives NAV Weakness and Discount Round Trip

Softbank Buyback - $9 Biiiilllyun Dollars

Softbank Group Mixed Early Results for Indian IPOs

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.

Event-Driven

<ul>
<li>At one point Softbank stock rose as much as 17% on a ¥1trn buyback that sounded surprisingly unconfident.</li>
<li>It closed today at just 0.8% above the pre-announcement price. </li>
<li>We believe the 47% holdco discount offers little protection due to stretched valuations for its holdings.</li>
</ul>


At one point Softbank stock rose as much as 17% on a ¥1trn buyback that sounded surprisingly unconfident.
It closed today at just 0.8% above the pre-announcement price. 
We believe the 47% holdco discount offers little protection due to stretched valuations for its holdings.


Softbank – Uuuge Buyback!... Aaand It’s Gone