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 Faces a Severe Test from Beijing to Moscow

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

Fast Retailing: China Near Pandemic Lows and America, Europe and Asia Affected by Rising Inflation

Japan’s Boycott of Winter Olympics Could Be the Tipping Point

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

Fast Retailing: An Earnings Miss Could Be Around the Corner

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>It was reported yesterday that Uniqlo plans to continue doing business in Russia despite the Ukraine war situation.</li>
<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 decision to continue doing business in Russia has not gone too well with some of its customers.</li>
<li>If this leads to a fully blown boycott, the price impact could be significant as the company’s valuation remains towards the expensive side even after a 45% drop in valuation.</li>
</ul>


It was reported yesterday that Uniqlo plans to continue doing business in Russia despite the Ukraine war situation.

Fast Retailing (9983 JP)’s decision to continue doing business in Russia has not gone too well with some of its customers.
If this leads to a fully blown boycott, the price impact could be significant as the company’s valuation remains towards the expensive side even after a 45% drop in valuation.


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