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

Kirin: With Myanmar in the Rear-View Mirror, an Additional 30% Upside Is Quite Possible

Kirin: Another Beat Could Turn Consensus from Pessimism into Optimism

Kirin's Bid for Blackmores: Leveraging Regulatory Expertise to Enter China's Supplement Market

Kirin: Holdco Discount Could Unwind As Institutional Investors Return Following Myanmar JV Troubles

Kirin: Off of Myanmar & Off to a Good Start

Kirin: Holdco Trade Has More Room to Run, Also Outright Attractive

Kirin: Holdco Discount Is Starting to Unwind Alongside The Return of Institutional Investors

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kirin-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:16977:1" rel="noopener">Kirin Holdings (2503 JP)</a> announced yesterday that it will transfer its stake in the Myanmar business (51% of share capital) to its JV partner MEHL, via a share buyback of ¥22.4bn.</li>
<li>Having disposed most of the other underperforming assets during 2018-21, the Myanmar business was the main issue holding back Kirin's share price performance.</li>
<li>With the Myanmar issue resolved better than anticipated, it seems like the right time for Kirin to get a move on.</li>
</ul>



Kirin Holdings (2503 JP) announced yesterday that it will transfer its stake in the Myanmar business (51% of share capital) to its JV partner MEHL, via a share buyback of ¥22.4bn.
Having disposed most of the other underperforming assets during 2018-21, the Myanmar business was the main issue holding back Kirin's share price performance.
With the Myanmar issue resolved better than anticipated, it seems like the right time for Kirin to get a move on.


Kirin Sells The Myanmar JV to MEHL: Not a Fair Valuation But Getting At Least Some Money Is a Bonus