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.

Equity Capital Markets

<ul>
<li>AI-Related names have seen their valuations decline from heady levels during the year which is a negative for ExaWizards. </li>
<li>However, we believe ExaWizards' growth potential is strong enough to overcome that headwind. </li>
<li>We believe there is a significant probability of a reasonable pop here.</li>
</ul>


AI-Related names have seen their valuations decline from heady levels during the year which is a negative for ExaWizards. 
However, we believe ExaWizards' growth potential is strong enough to overcome that headwind. 
We believe there is a significant probability of a reasonable pop here.


<ul>
<li>ExaWizards’ financial disclosures and track record are relatively limited making it difficult to create high-confidence forecasts. </li>
<li>However, what little information there is points to explosive growth potential. </li>
<li>Whether that potential will be realised is a question but our analysis suggests that the company’s execution potential is good.</li>
</ul>


ExaWizards’ financial disclosures and track record are relatively limited making it difficult to create high-confidence forecasts. 
However, what little information there is points to explosive growth potential. 
Whether that potential will be realised is a question but our analysis suggests that the company’s execution potential is good.


ExaWizards IPO – Latent Potential Abound

<ul>
<li>ExaWizards offers customised AI services to corporates as well as more generalised AI solutions. </li>
<li>Revenue growth has been rapid, and the company should benefit from the government’s digitalisation drive. </li>
<li>The balance of services is attractive as long as the company does not stretch itself too thin.</li>
</ul>


ExaWizards offers customised AI services to corporates as well as more generalised AI solutions. 
Revenue growth has been rapid, and the company should benefit from the government’s digitalisation drive. 
The balance of services is attractive as long as the company does not stretch itself too thin.


ExaWizards IPO – The Liquorice Allsorts of AI

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/exawizards-inc" target="_blank" data-smartkarma-citation="entities:35212:1" rel="noopener">ExaWizards (4259 JP)</a> is looking to raise up to US$302m in its Japan Mother's IPO</li>
<li>EXW develops and delivers AI solutions and products with the aim of addressing industry and social issues. The company has been growing fast and losses have been shrinking.</li>
<li>Assuming that EXW can trade at FY23 peer averages, there is a decent upside from the IPO price range. </li>
</ul>



ExaWizards (4259 JP) is looking to raise up to US$302m in its Japan Mother's IPO
EXW develops and delivers AI solutions and products with the aim of addressing industry and social issues. The company has been growing fast and losses have been shrinking.
Assuming that EXW can trade at FY23 peer averages, there is a decent upside from the IPO price range. 


ExaWizards IPO - AI Solutions with a Clear Direction

Japan

ExaWizards Inc. operates as a cutting edge innovation creation company. The Company provides artificial intelligence planning, artificial intelligence designing, artificial intelligence development, and other services. ExaWizards offers services for industrial innovation and social problems solutions.

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ExaWizards (4259 JP)

ExaWizards IPO - Valuation

AI-related names have seen their valuations decline from heady levels during the year but we believe ExaWizards' growth potential is strong enough...

Mio Kato

ExaWizards IPO – Latent Potential Abound

What little information ExaWizards has disclosed points to explosive growth potential and although the margin of error is large, our analysis...

Mio Kato

ExaWizards IPO – The Liquorice Allsorts of AI

ExaWizards offers customised AI services to corporates as well as more generalised AI solutions. Revenue growth has been rapid, and we are highly...

Mio Kato

ExaWizards IPO - AI Solutions with a Clear Direction

ExaWizards (4259 JP) is looking to raise up to US$302m in its Japan Mother's IPO. The company has been growing fast and losses have been shrinking.

Sumeet Singh

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52-week Range

Market Cap (USDm)

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