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Equity Analyst, LightStream Research

Aqila Ali

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.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/18703" target="_blank" data-smartkarma-citation="entities:18703:1">Denso Corp (6902 JP)</a> posted strong 3Q results and revised its earnings guidance upwards last Friday. However, the company’s stock price declined by almost 2% following the earnings release reaching JPY 6,762 on the 5<sup>th</sup> of February 2018.  Moreover, the company’s stock price has been on a declining trend after hitting a 10-year high of JPY 7,176 in January this year. Although the company’s revenue results surpassed our estimates (JPY1,244bn), and the consensus average of JPY1,271bn, the company’s…</p>

Denso Corp (6902 JP) posted strong 3Q results and revised its earnings guidance upwards last Friday. However, the company’s stock price declined by almost 2% following the earnings release reaching JPY 6,762 on the 5th of February 2018.  Moreover, the company’s stock price has been on a declining trend after hitting a 10-year high of JPY 7,176 in January this year. Although the company’s revenue results surpassed our estimates (JPY1,244bn), and the consensus average of JPY1,271bn, the company’s…

Stocks Down Despite Strong 3Q Results and Revised Guidance