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.

Thematic (Sector/Industry)

<ul>
<li>Chinese e-commerce companies have underperformed in the last couple of years with immense regulatory-pressure. Although, there’s been a resurgence lately, we are not expecting a complete change of fortunes next-year.</li>
<li>Regulatory crackdowns have already had their stab at curtailing Chinese e-commerce valuations but the effects of Common Prosperity and a State-Dominated-Economy will continue to impact the industry over-medium-long term.</li>
<li>Meanwhile, the Chinese economy looks fragile with high unemployment among youths and many local governments on the brink of bankruptcy.</li>
</ul>


Chinese e-commerce companies have underperformed in the last couple of years with immense regulatory-pressure. Although, there’s been a resurgence lately, we are not expecting a complete change of fortunes next-year.
Regulatory crackdowns have already had their stab at curtailing Chinese e-commerce valuations but the effects of Common Prosperity and a State-Dominated-Economy will continue to impact the industry over-medium-long term.
Meanwhile, the Chinese economy looks fragile with high unemployment among youths and many local governments on the brink of bankruptcy.


China E-Commerce 2023: Fortunes Unlikely To Change With China Moving To a State-Dominated Economy