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.

Thematic (Sector/Industry)

<ul>
<li>The EV market offers bright long term prospects supported by technological progress and government incentives, particularly in China.</li>
<li>In the short term, surging raw material costs and supply bottlenecks are significant risks and could take longer to resolve than many suspect.</li>
<li>We believe the high-end performance segment and low-end mini/city vehicle segments are most suitable for rapid EV penetration.</li>
</ul>


The EV market offers bright long term prospects supported by technological progress and government incentives, particularly in China.
In the short term, surging raw material costs and supply bottlenecks are significant risks and could take longer to resolve than many suspect.
We believe the high-end performance segment and low-end mini/city vehicle segments are most suitable for rapid EV penetration.


SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<h2>10 Questions for NIO</h2>
Company Overview NIO is a pioneer and a leading company in the premium smart electric vehicle market. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. We differentiate ourselves through our continuous technological breakthroughs and innovations, such as our industry-leading battery swapping technologies, Battery as a Service (BaaS), as well as our proprietary autonomous driving technologies and Autonomous Driving as a Service (ADaaS). Link to <a href="https://www.sgx.com/securities/equities/NIO" target="_blank" rel="noopener">Stock Screener company page</a>.
<ol>
<li>Can you share more on NIO and its mission?</li>
</ol>
<ul>
<li>Our mission is to shape a joyful lifestyle. We aim to build a community starting with smart electric vehicles where we share joy and grow together with users.</li>
<li>Our Chinese name, Weilai (蔚来), which means Blue Sky Coming, reflects our commitment to a more environmentally friendly future.</li>
</ul>
2. Why did NIO decide to list on SGX? 
<ul>
<li>The listing on the SGX is of great importance to NIO’s capital markets strategy. Singapore is a dynamic financial hub with strategic significance to the global capital markets, hence we believe that the listing in Singapore has further strengthened our footing.</li>
<li>The listing will help the company expand our investor base, particularly among the growing base of Asia Pacific investors. The listing on SGX will also allow round-the-clock trading of NIO shares and provide incremental liquidity.</li>
</ul>

10 Questions for NIO
Company Overview NIO is a pioneer and a leading company in the premium smart electric vehicle market. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. We differentiate ourselves through our continuous technological breakthroughs and innovations, such as our industry-leading battery swapping technologies, Battery as a Service (BaaS), as well as our proprietary autonomous driving technologies and Autonomous Driving as a Service (ADaaS). Link to Stock Screener company page.

Can you share more on NIO and its mission?


Our mission is to shape a joyful lifestyle. We aim to build a community starting with smart electric vehicles where we share joy and grow together with users.
Our Chinese name, Weilai (蔚来), which means Blue Sky Coming, reflects our commitment to a more environmentally friendly future.

2. Why did NIO decide to list on SGX? 

The listing on the SGX is of great importance to NIO’s capital markets strategy. Singapore is a dynamic financial hub with strategic significance to the global capital markets, hence we believe that the listing in Singapore has further strengthened our footing.
The listing will help the company expand our investor base, particularly among the growing base of Asia Pacific investors. The listing on SGX will also allow round-the-clock trading of NIO shares and provide incremental liquidity.


China

NIO Inc. manufactures and sells automobiles. The Company offers electric vehicles and parts, as well as provides battery charging services. NIO serves customers worldwide.

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NIO (NIO SP)

China’s Evolving EV Industry

With attractive long term prospects but a short term clouded by raw material prices investors should focus on a barbell approach to EVs examining...

Mio Kato

10 in 10 with NIO - Blue Sky Coming

10 Questions for NIO Company OverviewNIO is a pioneer and a leading company in the premium smart electric vehicle market. NIO designs, develops,...

Singapore Exchange Ltd (SGX)

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