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

Nintendo – Can Metroid Dread Hit the 10m Unit Mark

After 20yrs, Nikkei 225 Proposes Minor Impact Rule Changes (Nintendo Disappointment?)

Nintendo – Reviewing Prospects for a Peak in Light of Bloomberg’s Recent Coverage

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

<p>Market reaction to slightly weak Nintendo results looks overdone to us. This is particularly so given that it had already fallen 15% since 6 Jul even prior to today’s almost 10% down move. There is likely to be some time yet before earnings start to grow strongly again, but valuation here is compelling enough that a long trade does not seem like a bad idea to us.</p>

Market reaction to slightly weak Nintendo results looks overdone to us. This is particularly so given that it had already fallen 15% since 6 Jul even prior to today’s almost 10% down move. There is likely to be some time yet before earnings start to grow strongly again, but valuation here is compelling enough that a long trade does not seem like a bad idea to us.

Nintendo – Worth Bottom Fishing Since It Is Oversold but Not Yet a True Buy