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

JDI: Giving Our Thesis a Full Active Refresh + Apple MicroLED Development

JDI: NHK Reports JPY50bn 3rd Party Allotment

Japan Display--IPhone X Weakness May Be a Godsend

Delay in Financing Partnership - This May Be Contrarian but We Like This News

JDI: 3Q Revenue Strong, Margins Weak - Did Non-IPhone X Sales Overshoot 36%?

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>Kyodo news had an article after the close suggesting that JDI's negotiations with three Chinese players (likely including BOE and Hon Hai/Sharp) to secure capital are likely to end without any resolution. JDI initially planned to conclude an agreement by the end of Mar but news had previously emerged that these negotiations would be delayed. Now, it appears that the poor performance of Apple's iPhone X has showered cold water on the Chinese partners' appetite to utilise JDI's promising OLED…</p>

Kyodo news had an article after the close suggesting that JDI's negotiations with three Chinese players (likely including BOE and Hon Hai/Sharp) to secure capital are likely to end without any resolution. JDI initially planned to conclude an agreement by the end of Mar but news had previously emerged that these negotiations would be delayed. Now, it appears that the poor performance of Apple's iPhone X has showered cold water on the Chinese partners' appetite to utilise JDI's promising OLED…

JDI: Equity Finance and Dilution Incoming?