Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

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.

Private Capital Markets

<ul>
<li>Naver Z Corporation, a subsidiary of NAVER Corporation, focuses on developing VR and AR technologies. The company can be regarded as one of the promising players in the Metaverse market.</li>
<li>The company's flagship product, ZEPETO, has become particularly popular among younger users and has been downloaded over 300 million times worldwide.</li>
<li>
<a href="https://www.smartkarma.com/entities/naver-z" target="_blank" data-smartkarma-citation="entities:36882:1" rel="noopener">Naver Z (1838597D KS)</a> 's VR and AR technologies have a variety of use cases, and the company has worked with businesses and brands in a variety of industries.</li>
</ul>


Naver Z Corporation, a subsidiary of NAVER Corporation, focuses on developing VR and AR technologies. The company can be regarded as one of the promising players in the Metaverse market.
The company's flagship product, ZEPETO, has become particularly popular among younger users and has been downloaded over 300 million times worldwide.

Naver Z (1838597D KS) 's VR and AR technologies have a variety of use cases, and the company has worked with businesses and brands in a variety of industries.


NAVER Z: Owner of The Fastest Growing Avatar Platform Zepeto

<ul>
<li>Founded in 2021 and headquartered in Seoul, <a href="https://www.smartkarma.com/entities/va-corporation" target="_blank" data-smartkarma-citation="entities:36876:1" rel="noopener">VA Corporation (VA KS)</a> has developed a virtual media platform for the metaverse industry.</li>
<li>Through the use of VR, the company’s metaverse platform provides services from planning and production to branding and distribution of content.</li>
<li>The company achieved the unicorn status within 13-months of its founding due to its proven track record, making it an attractive investment in the metaverse space.</li>
</ul>


Founded in 2021 and headquartered in Seoul, VA Corporation (VA KS) has developed a virtual media platform for the metaverse industry.
Through the use of VR, the company’s metaverse platform provides services from planning and production to branding and distribution of content.
The company achieved the unicorn status within 13-months of its founding due to its proven track record, making it an attractive investment in the metaverse space.


VA Corporation: One-Stop Metaverse Platform

Hangzho Rokid Technology / Private Capital Markets

<ul>
<li>Founded in 2014, <a href="https://www.smartkarma.com/entities/hangzho-rokid-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:36879:1" rel="noopener">Hangzho Rokid Technology (2004144D CH)</a>  is a Chinese developer of AR glasses and AI robotics software products, and the company operates across 10 countries.</li>
<li>Rokid’s glasses are mainly used for industrial purposes including in oil &amp; gas, electric power, aviation, rail transport and others thereby creating its own niche in the AR/VR glasses sector.</li>
<li>The company has just expanded into North America with further global expansion on the cards and may likely to seek an overseas listing.</li>
</ul>


Founded in 2014, Hangzho Rokid Technology (2004144D CH)  is a Chinese developer of AR glasses and AI robotics software products, and the company operates across 10 countries.
Rokid’s glasses are mainly used for industrial purposes including in oil &amp; gas, electric power, aviation, rail transport and others thereby creating its own niche in the AR/VR glasses sector.
The company has just expanded into North America with further global expansion on the cards and may likely to seek an overseas listing.


Rokid Corporation: AR Player Catering to the Industrials Sector

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Naver Z (1838597D KS)

NAVER Z: Owner of The Fastest Growing Avatar Platform Zepeto

With a valuation of more than $1.0bn, Naver Z focuses on developing VR and AR technologies. Its flagship product ZEPETO has become popular among...

Shifara Samsudeen, ACMA, CGMA

VA Corporation: One-Stop Metaverse Platform

VA Corporation offers a virtual media platform that offers production and content distribution for metaverse industry. Within 13-months of...

Shifara Samsudeen, ACMA, CGMA

Rokid Corporation: AR Player Catering to the Industrials Sector

Rokid is a Chinese developer of AR glasses and AI robotics software products. Its glasses are mainly used for industrial purposes thereby creating...

Shifara Samsudeen, ACMA, CGMA

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)