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

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

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

Alibaba Group Holding  / Equity Bottom-Up

<p>After a disappointing 4QFY21 results release, <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba Group (BABA US)</a> shares dropped 6.3% yesterday. The company’s share price is <a target="_blank">down 35% from the October 2020 peak </a>but remains 17% above the COVID-19 sell-off low level.</p><p>With increased regulatory scrutiny on Chinese e-commerce and growth to value rotation in the equity markets, Alibaba was under a lot of pressure to release strong 4QFY21 results. However, yesterday’s results were rather disappointing and we think there could be more downside pressure on Alibaba shares with the ongoing growth to value rotation.</p>

After a disappointing 4QFY21 results release, Alibaba Group (BABA US) shares dropped 6.3% yesterday. The company’s share price is down 35% from the October 2020 peak but remains 17% above the COVID-19 sell-off low level.With increased regulatory scrutiny on Chinese e-commerce and growth to value rotation in the equity markets, Alibaba was under a lot of pressure to release strong 4QFY21 results. However, yesterday’s results were rather disappointing and we think there could be more downside pressure on Alibaba shares with the ongoing growth to value rotation.

Alibaba 4QFY21: Marketplace Margins Are Coming Down Hard & Cloud Loses a Big Customer