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

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Good Morning Japan |Positive Start Ahead of Fed/CPI; Energy Gets a Break

Asahi Group Holdings Placement: Unlikely Until Share Price Rebounds

Asahi Group Holdings Placement: Attractive For Newcomers & Irritating For Old-Timers

Asahi to Close The Acquisition of CUB on 1st of June

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>The coronavirus is rampaging across Japan again, and the Japanese government is considering extending the state of emergency declared in and around the Tokyo area until the end of February. The Suga administration is also considering declaring a state of emergency in other parts of the country that are continuing to see a high number of coronavirus cases.</li>
<li>As a result, holding the Tokyo Olympics as planned in July 2021 with the attendance of fans is becoming increasing unlikely. Additionally, an article on Nikkei stated that Florida requested the International Olympic Committee (IOC) to consider relocating the 2021 Games to Florida, although the IOC denies such claims.</li>
<li>
<a href="https://www.smartkarma.com/entities/asahi-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10482:1" rel="noopener">Asahi Group Holdings (2502 JP)</a>, a <a target="_blank">Gold Partner </a>in the Tokyo Olympics and the sole sponsor in the Beer &amp; Wine category at the Tokyo Olympics, is expected to lose the most compared to Japanese beer companies like <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> and <a href="https://www.smartkarma.com/entities/sapporo-holdings-ltd" target="_blank" data-smartkarma-citation="entities:14085:1" rel="noopener">Sapporo Holdings (2501 JP)</a> if the Olympics is held behind closed doors or relocated.</li>
</ul>


The coronavirus is rampaging across Japan again, and the Japanese government is considering extending the state of emergency declared in and around the Tokyo area until the end of February. The Suga administration is also considering declaring a state of emergency in other parts of the country that are continuing to see a high number of coronavirus cases.
As a result, holding the Tokyo Olympics as planned in July 2021 with the attendance of fans is becoming increasing unlikely. Additionally, an article on Nikkei stated that Florida requested the International Olympic Committee (IOC) to consider relocating the 2021 Games to Florida, although the IOC denies such claims.

Asahi Group Holdings (2502 JP), a Gold Partner in the Tokyo Olympics and the sole sponsor in the Beer &amp; Wine category at the Tokyo Olympics, is expected to lose the most compared to Japanese beer companies like Kirin Holdings (2503 JP) and Sapporo Holdings (2501 JP) if the Olympics is held behind closed doors or relocated.


Long Kirin/​Short Asahi While Tokyo Olympics Hangs In Doubt

Asahi Group Holdings

Long Kirin/​Short Asahi While Tokyo Olympics Hangs In Doubt

Long Kirin/Short Asahi While Tokyo Olympics Hangs In Doubt