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

We Like the TOPIX-Nikkei Skew Trade Into End of Year Liquidity Drops

Softbank Group - SenseTime Rally Offsets Some of China Weakness but Q3 Vision Fund in the Red

TOPIX-Nikkei Skew Trade Looking Increasingly Juicy

Checking in on the Topix-Nikkei Skew Trade

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

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>The Wall Street Journal reported that Softbank was finalising a $4bn loan from Apollo Global. </li>
<li>This is perhaps a response to news suggesting monetising Arm was unlikely in the new future. </li>
<li>Nevertheless, for all its protestations about “conservative” LTV figures, Softbank sure acts cash starved.</li>
</ul>


The Wall Street Journal reported that Softbank was finalising a $4bn loan from Apollo Global. 
This is perhaps a response to news suggesting monetising Arm was unlikely in the new future. 
Nevertheless, for all its protestations about “conservative” LTV figures, Softbank sure acts cash starved.


Softbank Group

Softbank – Why So Cash Starved?