Equity Analyst

Gervin Gayan

Analyst at LightStream Research covering Asian equities, along with thematic research.

Tightening Emission Standards to Create Opportunity for China Construction Machinery to Go Global?

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>Global construction equipment unit sales increased approximately 28% YoY in 2017. In 2017, the highest sales unit (about 895k) since 2012 were recorded, marking a turning point from 2015 and 2016 when world equipment sales fell below 700k.</p>

Global construction equipment unit sales increased approximately 28% YoY in 2017. In 2017, the highest sales unit (about 895k) since 2012 were recorded, marking a turning point from 2015 and 2016 when world equipment sales fell below 700k.

XCMG Construction Machinery A (000425 CH)

Watch Out for the Growth Prospects of the Chinese Construction Machinery Sector

Sany Heavy Industry

Watch Out for the Growth Prospects of the Chinese Construction Machinery Sector