Equity Analyst, LightStream Research

Chacko Jacob

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

Himadri Speciality Chemical / Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/20765" target="_blank" data-smartkarma-citation="entities:20765:1">Himadri Chemicals &amp; Inds (HSCH IN)</a> is a speciality carbon chemical manufacturer in India with a product portfolio consisting of coal tar pitch, carbon black, advanced carbon materials and naphthalene. The company recently moved into the advanced carbon materials segment, backed by the in-house availability of key raw materials and technology. As one of the very few companies in this field and the only one in India, Himadri is in a position to take advantage of the EV growth in the country. The other factors that favour the company include: </p><ul><li>Recovery of domestic aluminium industry drives up capacity utilisation in coal tar pitch segment.</li><li>Favourably mix of non-rubber carbon black to aid margin expansion.</li><li>By expanding production capacity of advanced carbon materials, Himadri bags first-mover advantage in the domestic production of lithium-ion anodes.</li></ul>

Himadri Chemicals &amp; Inds (HSCH IN) is a speciality carbon chemical manufacturer in India with a product portfolio consisting of coal tar pitch, carbon black, advanced carbon materials and naphthalene. The company recently moved into the advanced carbon materials segment, backed by the in-house availability of key raw materials and technology. As one of the very few companies in this field and the only one in India, Himadri is in a position to take advantage of the EV growth in the country. The other factors that favour the company include: Recovery of domestic aluminium industry drives up capacity utilisation in coal tar pitch segment.Favourably mix of non-rubber carbon black to aid margin expansion.By expanding production capacity of advanced carbon materials, Himadri bags first-mover advantage in the domestic production of lithium-ion anodes.

国内EV生産に向けて、ヒマドリはリチウムイオンアノード生産の主要/唯一のプレーヤー