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

Xiaomi IPO Review - Amazing Products, Honest Pricing. Just Not the IPO.

Xiaomi: Attacking High-Growth Markets Without a Moat

Xiaomi Inc. – Where Is the Transparency? Updated Equity Value Estimate of US$1/Share

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 Capital Markets

<p><a href="https://www.smartkarma.com/entities/24409" target="_blank" data-smartkarma-citation="entities:24409:1">Xiaomi Corp (1810 HK)</a>'s debut yesterday was relatively underwhelming with the shares never trading above the HKD17.0 offering price and briefly falling as low as HKD16.0. The stock was headed for a close that was near the HKD16.6 open before a "helpful" bump edged the close up to HKD16.8. This puts the stock in a bit of a no-man's land as we would suggest that the price action was probably better than expected given the prevailing weak macro sentiment of the last few weeks (HSI down 10.2% since…</p>

Xiaomi Corp (1810 HK)'s debut yesterday was relatively underwhelming with the shares never trading above the HKD17.0 offering price and briefly falling as low as HKD16.0. The stock was headed for a close that was near the HKD16.6 open before a "helpful" bump edged the close up to HKD16.8. This puts the stock in a bit of a no-man's land as we would suggest that the price action was probably better than expected given the prevailing weak macro sentiment of the last few weeks (HSI down 10.2% since…

Xiaomi: Mediocre Debut - Trading Thoughts