Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

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.

Event-Driven

<p>With speculation regarding ASM PT going private <a href="https://www.nasdaq.com/articles/exclusive-hong-kong-listed-semiconductor-maker-asm-pacific-plans-to-go-private-sources" target="_blank" rel="noopener">emerging</a> we provide below, an examination of the company’s valuation history and its multiples compared to a variety of peers. Our analysis suggests that if the company is indeed subject to an offer, relatively significant upside remains.</p>

With speculation regarding ASM PT going private emerging we provide below, an examination of the company’s valuation history and its multiples compared to a variety of peers. Our analysis suggests that if the company is indeed subject to an offer, relatively significant upside remains.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/profiles/david-blennerhassett" target="_blank" data-smartkarma-citation="accounts:840" rel="noopener">David Blennerhassett</a> discussed ASM International’s outperformance against equity affiliate ASM Pacific Technology in <a href="https://www.smartkarma.com/insights/asmpt-s-disconnect-with-asm-na" target="_blank" data-smartkarma-citation="insights:37163" rel="noopener">ASMPT's Disconnect With ASM NA</a>. We provide here some context on the fundamentals of the two companies and would flag ASM Pacific Technology competitor BE Semiconductor Industries as a player worth paying attention to.</p>

David Blennerhassett discussed ASM International’s outperformance against equity affiliate ASM Pacific Technology in ASMPT's Disconnect With ASM NA. We provide here some context on the fundamentals of the two companies and would flag ASM Pacific Technology competitor BE Semiconductor Industries as a player worth paying attention to.

Fundamental Factors to Consider When Trading ASM PT and ASMI

Netherlands

BE Semiconductor Industries N.V. produces integrated semiconductor assembly equipment.  The Company designs, develops, manufactures, markets, and services machines that manufacture semiconductor packages, which provide the connection between the chip and other electronic components and protect the chip.  BE also produces automated molding and plating machines, and manufactures leadframes.

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BE Semiconductor Industries NV (BESI NA)

ASM Pacific – Valuations Vs. Peers

With speculation regarding ASM PT going private emerging we provide below, an examination of the company’s valuation history and its multiples...

Mio Kato

Fundamental Factors to Consider When Trading ASM PT and ASMI

David Blennerhassett discussed ASM International’s outperformance against equity affiliate ASM Pacific Technology in ASMPT's Disconnect With ASM...

Mio Kato

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)