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 Electric (9009): The Chinese Are Back.

Keisei Electric: Activists Arrive As Expected

Keisei Electric: Results Unimpressive, Yet Investor Activism Appeal Remains

Keisei Electric: Distorted Valuation Unveils Opportunity for Activist Investors

Keisei Electric: Needs Activists to Push the Market

Keisei Electric: Needs to Draw Activists Fast

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>Since the announcement of the proposed Tokyo Disney Sea expansion in 2015, <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>'s price perfromance has significantly diverged from <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>'s price performance.</li>
<li>The valuation disparity may result from the Disney Sea expansion's impact, possibly due to Keisei Electric's value-oriented investor base.</li>
<li>Fantasy Springs' opening could resolve the valuation distortion, leading to potential rewards in a Long Keisei Electric and Short Oriental Land trade.</li>
</ul>


Since the announcement of the proposed Tokyo Disney Sea expansion in 2015, Keisei Electric Railway Co (9009 JP)'s price perfromance has significantly diverged from Oriental Land (4661 JP)'s price performance.
The valuation disparity may result from the Disney Sea expansion's impact, possibly due to Keisei Electric's value-oriented investor base.
Fantasy Springs' opening could resolve the valuation distortion, leading to potential rewards in a Long Keisei Electric and Short Oriental Land trade.


Keisei Electric: Valuation Distortion Set to Unravel with Fantasy Springs' Opening in Spring 2024