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Equity Analyst, LightStream Research

Supun Walpola

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.

Event-Driven

<p><a href="https://www.smartkarma.com/entities/14211" target="_blank" data-smartkarma-citation="entities:14211:1">Monex Group Inc (8698 JP)</a>'s share price fell below the JPY500 level last week for the first time since the acquisition of the troubled cryptocurrency exchange, Coincheck, in April (2018). Monex’s share price more than doubled to reach an all-time high of JPY714 in early May (from JPY344 in early April, when the acquisition was first rumoured) following the acquisition but has since seen a downtrend. <strong>Monex’s share price rebounded this week following an announcement of a share buyback closing at JPY550 on Wednesday (22nd August).</strong></p>

Monex Group Inc (8698 JP)'s share price fell below the JPY500 level last week for the first time since the acquisition of the troubled cryptocurrency exchange, Coincheck, in April (2018). Monex’s share price more than doubled to reach an all-time high of JPY714 in early May (from JPY344 in early April, when the acquisition was first rumoured) following the acquisition but has since seen a downtrend. Monex’s share price rebounded this week following an announcement of a share buyback closing at JPY550 on Wednesday (22nd August).

Monex Group Inc

Monex Group Inc (8698 JP): Buy the Dip?