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

<div class="content-highlight"><p>While we think BIC Camera is better suited to tap growth compared to its compatriots in the electronic retail sector, the near-50% rise in its stock price over the last year has made it expensive relative to its peers. We do not think the company's forecasted growth for the fiscal period justifies its expensive valuation. Also, the company needs to push the sales of its private brands and attract more tourists to expand margins and buoy revenue in the future. </p></div><h2><strong>Company Background</strong></h2><p><a href="https://www.smartkarma.com/entities/11328" target="_blank" data-smartkarma-citation="entities:11328:1">Bic Camera Inc</a>…</p>

While we think BIC Camera is better suited to tap growth compared to its compatriots in the electronic retail sector, the near-50% rise in its stock price over the last year has made it expensive relative to its peers. We do not think the company's forecasted growth for the fiscal period justifies its expensive valuation. Also, the company needs to push the sales of its private brands and attract more tourists to expand margins and buoy revenue in the future. Company BackgroundBic Camera Inc…

Pan Pacific International Holdings (7532 JP)

BIC 카메라, 매장 위치 선정에서 좋은 성적 거두다. 이제 매출 성장을 위해 관광객 유치에 집중해야