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

Tesla Inc. - Prophets of Doom Could Be Blown to Smithereens by Conservative Accounting

Tesla Inc. - New Accounting Policy - ANTYA Explains Impact on Financial Statements - Part Two

Tesla Inc. - For Whom the Accounting Bell Tolls

Tesla: Market Expectations for 1Q18 Vs. The Remainder of the Year

Tesla Inc. - Elon Musk Email to Employees - Progress, Precision and Profit - Must Read

Tesla: China's Loosening of JV Rules May Not Be Good News - Another Topic for 1Q Earnings Q&A

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>Few things are quite as reliable as the annual downtrend in <a href="https://www.smartkarma.com/entities/20279" target="_blank" data-smartkarma-citation="entities:20279:1">Tesla Motors Inc (TSLA US)</a> earnings estimates, as hope gives way to reality, seeing analysts downgrade earnings consistently throughout the year. "Next year" is always the year that Tesla turns profitable and consensus estimates have always started the year projecting profits before succumbing to reality... but things have changed. We examine the trend of not just the consensus mean but also the highs and lows to try to gauge extent to…</p>

Few things are quite as reliable as the annual downtrend in Tesla Motors Inc (TSLA US) earnings estimates, as hope gives way to reality, seeing analysts downgrade earnings consistently throughout the year. "Next year" is always the year that Tesla turns profitable and consensus estimates have always started the year projecting profits before succumbing to reality... but things have changed. We examine the trend of not just the consensus mean but also the highs and lows to try to gauge extent to…

Tesla: "Just Wait Till Next Year" Is Losing Its Believers and These Charts Are Evidence