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Equity Analyst, LightStream Research

Farha Sabri

Equity Analyst

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>Sony showed strong performance in 1HFY03/19, leading the company to revise full year guidance for both revenue and OP. Software sales in the gaming segments were a key catalyst in driving the company's financial performance.</li>
<li>Sony is currently trading at a FY1 PE multiple of 12.8x, which is at a discount to its historical median of 19.4x. </li>
</ul>


Sony showed strong performance in 1HFY03/19, leading the company to revise full year guidance for both revenue and OP. Software sales in the gaming segments were a key catalyst in driving the company's financial performance.
Sony is currently trading at a FY1 PE multiple of 12.8x, which is at a discount to its historical median of 19.4x. 


Sony Upgrades FY03/19 Guidance Following Strong Gaming Software Sales

Sony Corp

Sony Upgrades FY03/19 Guidance Following Strong Gaming Software Sales