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

Fast Retailing: Siding with Russia Could Be a Recipe for a Boycott

Fast Retailing Faces a Severe Test from Beijing to Moscow

Fast Retailing (9983) - Summer Is the Time for Shorts

Fast Retailing: An Earnings Miss Could Be Around the Corner

Fast Retailing: Additional 20% Downside Is Possible As Growth Breaks Down in Uniqlo International

China’s Boycott of Western Brands Could Extend to Japanese Brands Amidst Xinjiang Cotton Controversy

Gravity Works As WeWork Doesn't; Now Plan B

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>
<a href="https://www.smartkarma.com/entities/fast-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:751:1" rel="noopener">Fast Retailing (9983 JP)</a>’s share price is up 10% after beating 1QFY22 consensus revenue and OP by 1.4% and 20.6% respectively.</li>
<li>However, the share price move feels unwarranted given that the beat was driven by mostly one-off/temporary factors in the company’s less significant segments</li>
<li>We think this is an opportunity to short Fast Retailing as Uniqlo seems to be slowing rapidly in the Chinese market.</li>
</ul>



Fast Retailing (9983 JP)’s share price is up 10% after beating 1QFY22 consensus revenue and OP by 1.4% and 20.6% respectively.
However, the share price move feels unwarranted given that the beat was driven by mostly one-off/temporary factors in the company’s less significant segments
We think this is an opportunity to short Fast Retailing as Uniqlo seems to be slowing rapidly in the Chinese market.


Fast Retailing: Q1 Beat Seems Temporary but Concerns About China Could Last Long