Japan/Asia Long-Short, LightStream Research

Mio Kato

Over 15 years analysing Japanese and Asian stocks from a long/short perspective

I focus on cyclically driven sectors such as Gaming, Factory Automation and Autos

An eclectic background as a long-short analyst, upper management at a financial data startup through its listing, and as the founder of a team analysing big/alternative data, all of which supports independent and differentiated views... we hope

An appreciation for Mathematics drives the development of a "Micro-Quantamental" process which can provide a data-driven, historically-informed and semi-automated foundation upon which to layer more qualitative and judgemental analysis, thus improving investment decision-making speed and accuracy

Japan/Asia Long-Short

TOPIX Inclusions Pre-Event: Artspark Holdings (3663 JP)

Appier (4180) | Five Reasons to Remain Bullish

TOPIX Inclusion Pre-Event: Appier Group (4180 JP)

Appier – Baby Thrown Out With the Bathwater Number One

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

<ul>
<li>When we reviewed Appier’s 2021 results we rambled on about the US for about half of our note discussing explosive growth potential. </li>
<li>We said that while Appier touted a &gt;50% QoQ growth rate in the US we suspected it was actually closer to 100%. </li>
<li>In 1Q it accelerated to &gt;180% QoQ growth prompting the sell side to go all surprised Pikachu.</li>
</ul>


When we reviewed Appier’s 2021 results we rambled on about the US for about half of our note discussing explosive growth potential. 
We said that while Appier touted a &gt;50% QoQ growth rate in the US we suspected it was actually closer to 100%. 
In 1Q it accelerated to &gt;180% QoQ growth prompting the sell side to go all surprised Pikachu.


Appier Group

Appier – Explosive US Growth