Rakuten: Good COVID-19 Play; Possibility of Further Upside

Z Holdings [Alt Data]: PayPay Mall and PayPay Flea Market Continue to Disappoint

LINE (3938) - This Is Not the Kitchen Sink You Are Looking For

Z Holdings 3Q Update: A Lot of Hope but Little Substance

Z Holdings: Rakuten’s Results Make Us Worry More About Z Holdings

Z Holdings: PayPay Mall and PayPay Flea Market Make Weak Progress in January and February

Equity Analyst, LightStream Research

Supun Walpola

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

<p>The market reacted positively to <a href="https://www.smartkarma.com/entities/z-holdings-corp" target="_blank" data-smartkarma-citation="entities:19603:1" rel="noopener">Z Holdings (4689 JP)</a>’ 4Q FY03/20 results. Z’s share price has increased by c.5% since the results were released last Friday (30th April 2020). This coupled with some renewed enthusiasm over e-commerce stocks as COVID-19 beneficiaries have allowed Z’s share price to recover to its highs of late February.</p>

The market reacted positively to Z Holdings (4689 JP)’ 4Q FY03/20 results. Z’s share price has increased by c.5% since the results were released last Friday (30th April 2020). This coupled with some renewed enthusiasm over e-commerce stocks as COVID-19 beneficiaries have allowed Z’s share price to recover to its highs of late February.

Z Holdings: 4Q Results Fail to Impress Despite a Favourable E-Commerce Landscape

LY

Z Holdings: 4Q Results Fail to Impress Despite a Favourable E-Commerce Landscape