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

Mazda Motors: Stock Primed for Spark Controlled Compression Ignition

Suzuki Motors: Uncertainty Surrounds Long-Run Growth

Sumco - Price and Earnings Momentum Have Been Good but Prior Sell Down Didn't Do Well

Sumco Placement - An Even Smaller Deal Size than Before

SUMCO (3436 JP) 60%+ Upside Potential Congestion Exit

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

<p>We believe that conditions within the semiconductor chain make the relative prospects for wafer manufacturers extremely attractive in terms of both potential upside as well as the likelihood and volatility of profit growth over the next 3-4 years. In contrast, surging capex levels in 2017 make us concerned that we are nearing the top in terms of wafer fabrication equipment spending. While we are not outright negative on semi capex, we feel the potential for a plateau is increasingly high. More…</p>

We believe that conditions within the semiconductor chain make the relative prospects for wafer manufacturers extremely attractive in terms of both potential upside as well as the likelihood and volatility of profit growth over the next 3-4 years. In contrast, surging capex levels in 2017 make us concerned that we are nearing the top in terms of wafer fabrication equipment spending. While we are not outright negative on semi capex, we feel the potential for a plateau is increasingly high. More…

SUMCO Corp

Sumco Vs. TEL: Wafers over Etchers