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

Does an Apple Tie-Up Make Sense for J-Autos?

Toyota – Strengthening Autonomous with Aurora Partnership

Nikola's Troubles And Tesla's History Shadow Battery Day

Tesla – Battery Day Runs Low as Competition Ramps

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>Much of the unwarranted hype surrounding Tesla involves its supposed lead in autonomous driving technology. While various independent studies have debunked this idea and some show the company actually trailing most peers, some of this may be attributed to Tesla’s insistence on avoiding the use of lidar. Nevertheless, even when it comes to pure camera and radar-based systems, the reality of Tesla’s competitive advantage is decidedly underwhelming, as OpenPilot demonstrates.</p>

Much of the unwarranted hype surrounding Tesla involves its supposed lead in autonomous driving technology. While various independent studies have debunked this idea and some show the company actually trailing most peers, some of this may be attributed to Tesla’s insistence on avoiding the use of lidar. Nevertheless, even when it comes to pure camera and radar-based systems, the reality of Tesla’s competitive advantage is decidedly underwhelming, as OpenPilot demonstrates.

Tesla – Autonomous Driving or Advantage Delusion?