Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Sapporo Holdings: Investor Activism Sparks Short-Term Gains, Tax Reforms Ensure Long-Term Success

Sapporo Holdings: Activist Investor 3D Investment Partners Assumes Majority Ownership

Sapporo Holdings: Activist Investor, 3D Investment Partners Is Just A Few Steps From Turning Hostile

Japanese Beer Pair Trade: Long Sapporo/Short Asahi

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

<ul>
<li>Buoyed by strong post-pandemic domestic consumption and the return of inbound visitors to Japan, <a href="https://www.smartkarma.com/entities/sapporo-holdings-ltd" target="_blank" data-smartkarma-citation="entities:14085:1" rel="noopener">Sapporo Holdings (2501 JP)</a> has been firing on all cylinders in recent quarters.</li>
<li>Business fundamentals for next year look strong, with the company positioned to benefit the most from Japan's liquor tax revisions.</li>
<li>Additionally, activist investor 3D Investment Partners could successfully advance their proposals to divest the Real Estate business.</li>
</ul>


Buoyed by strong post-pandemic domestic consumption and the return of inbound visitors to Japan, Sapporo Holdings (2501 JP) has been firing on all cylinders in recent quarters.
Business fundamentals for next year look strong, with the company positioned to benefit the most from Japan's liquor tax revisions.
Additionally, activist investor 3D Investment Partners could successfully advance their proposals to divest the Real Estate business.


2024 High Conviction: Sapporo Poised for a Strong Year Driven by Tax Revision & Investor Activism