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

MINISO’s Impending Lock-Up Expiry: A Chance to Accumulate More Shares

Miniso Slides 47% Amidst Beijing’s Clampdown on ADRs: Large Upside Possible Once the Dust Settles

Miniso to Increase Liquidity Via a Dual Primary Listing on HKEX

MINISO Deserves More Than The IPO Valuation

MINISO IPO: As Appealing As MINISO Products

MINISO Valuation: Valued Like MINISO Merchandise - Bang for the Buck

MINISO IPO: Long Term Growth Prospects Secured By a Sustainable Competitive Advantage

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 Capital Markets

The Chinese variety retailer, <a href="https://www.smartkarma.com/entities/miniso-group-holdings" target="_blank" data-smartkarma-citation="entities:29673:1" rel="noopener">MINISO Group Holdings (MNSO US)</a> raised $608 million in a U.S. initial public offering on 15th October 2020. The company sold 30.4m ADS at $20.00 apiece after marketing them at $16.50 - $18.50 per ADS.Miniso opened trading at $24.40 per ADS, up 22% from the IPO price and closed the first trading day at $20.88 per ADS. Miniso shares rallied again on Friday and closed the week at $23.18 per ADS.Previously we discussed the company, its business model and financials in <a href="https://www.smartkarma.com/insights/miniso-ipo-long-term-growth-prospects-secured-by-a-sustainable-competitive-advantage" target="_blank" rel="noopener">MINISO IPO: Long Term Growth Prospects Secured By a Sustainable Competitive Advantage</a> and <a href="https://www.smartkarma.com/insights/miniso-ipo-as-appealing-as-miniso-products" target="_blank" rel="noopener">MINISO IPO: As Appealing As MINISO Products</a>, about valuation in <a href="https://www.smartkarma.com/insights/miniso-valuation-valued-like-miniso-merchandise-bang-for-the-buck" target="_blank" rel="noopener">MINISO Valuation: Valued Like MINISO Merchandise - Bang for the Buck</a> and <a href="https://www.smartkarma.com/insights/miniso-deserves-more-than-the-ipo-valuation" target="_blank" rel="noopener">MINISO Deserves More Than The IPO Valuation</a>.

The Chinese variety retailer, MINISO Group Holdings (MNSO US) raised $608 million in a U.S. initial public offering on 15th October 2020. The company sold 30.4m ADS at $20.00 apiece after marketing them at $16.50 - $18.50 per ADS.Miniso opened trading at $24.40 per ADS, up 22% from the IPO price and closed the first trading day at $20.88 per ADS. Miniso shares rallied again on Friday and closed the week at $23.18 per ADS.Previously we discussed the company, its business model and financials in MINISO IPO: Long Term Growth Prospects Secured By a Sustainable Competitive Advantage and MINISO IPO: As Appealing As MINISO Products, about valuation in MINISO Valuation: Valued Like MINISO Merchandise - Bang for the Buck and MINISO Deserves More Than The IPO Valuation.

MINISO IPO Trading Update: More Upside Left, But Wait For Better Pricing Or Momentum