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

Keisei-Shin Keisei: Merger Seems like a Done Deal

Keisei Electric: Needs Activists to Push the Market

Long Keisei Electric Railway/Short Oriental Land

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.

Event-Driven

Keisei Electric Railway Co / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/keisei-electric-railway-co" target="_blank" data-smartkarma-citation="entities:10876:1" rel="noopener">Keisei Electric Railway Co (9009 JP)</a>, which owns 22.2% of <a href="https://www.smartkarma.com/entities/oriental-land-co-ltd" target="_blank" data-smartkarma-citation="entities:13517:1" rel="noopener">Oriental Land (4661 JP)</a> has failed to move in sync with Oriental Land’s valuation for an extended time period.</li>
<li>Keisei Electric’s share price only moved up by 8% since 2015 when its NAV rose by 127% driven primarily by Oriental Land’s valuation.</li>
<li>With investor activism picking up in Japan and Keisei meeting many attributes that draws activists towards the targets, there’s a chance that Keisei could be a target of investor activism.</li>
</ul>



Keisei Electric Railway Co (9009 JP), which owns 22.2% of Oriental Land (4661 JP) has failed to move in sync with Oriental Land’s valuation for an extended time period.
Keisei Electric’s share price only moved up by 8% since 2015 when its NAV rose by 127% driven primarily by Oriental Land’s valuation.
With investor activism picking up in Japan and Keisei meeting many attributes that draws activists towards the targets, there’s a chance that Keisei could be a target of investor activism.


Keisei Electric: Needs to Draw Activists Fast