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

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 Capital Markets

Bank of Guizhou Co Ltd / Equity Capital Markets

<ul>
<li>Bank of Guizhou is a leading commercial bank in Guizhou, a mountainous province in southwest China with a population of more than 35m and a GDP of more than $200bn.</li>
<li>The bank was established in 2012 by consolidating three city commercial banks in the Guizhou province.</li>
<li>It is ranked the 4<sup>th</sup> largest bank in Guizhou in terms of assets and the 5<sup>th</sup> largest in terms of deposits.</li>
<li>Major shareholders of the bank include state-owned entities or state-controlled publicly traded enterprises such as Kweichow Moutai.</li>
</ul>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/110/683/original/image_53715127921576474564069.png?1576474570" class="editor-image img-responsive" data-smartkarma-image-id="110683"></figure>
<div class="content-caption"><em>Source: Company Disclosure</em></div>
<p>The exact details of the IPO, such as the number of shares to be issued and the price range are not available to the general public yet. However, various news sources expect Bank of Guizhou will raise around $800m from its Hong Kong IPO.</p>


Bank of Guizhou is a leading commercial bank in Guizhou, a mountainous province in southwest China with a population of more than 35m and a GDP of more than $200bn.
The bank was established in 2012 by consolidating three city commercial banks in the Guizhou province.
It is ranked the 4th largest bank in Guizhou in terms of assets and the 5th largest in terms of deposits.
Major shareholders of the bank include state-owned entities or state-controlled publicly traded enterprises such as Kweichow Moutai.


Source: Company Disclosure
The exact details of the IPO, such as the number of shares to be issued and the price range are not available to the general public yet. However, various news sources expect Bank of Guizhou will raise around $800m from its Hong Kong IPO.

Bank of Guizhou IPO: Questionable Asset Quality and NIM Squeezed by Interest Rate Liberalisation