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(MNSO US, BUY, TP US$22) Earnings Preview]: Bring Made-In-China to the World’s Mall Economies

[Miniso Group (MNSO US) Target Price Change]: 2023 Catalyst Is Store Expansion, Raise TP to US$24

[Consumer Brands Deep Dive]:Structural and Substitution Drive Chinese Consumer

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>Blue Orca issued a damning short-seller report on <a href="https://www.smartkarma.com/entities/miniso-group-holdings" target="_blank" data-smartkarma-citation="entities:29673:1" rel="noopener">Miniso (MNSO US)</a> on the 25th of July 2022, stating that the company’s asset-light and high-margin franchise business is mostly a lie.</li>
<li>Miniso responded rather quickly but its response lacks evidence and does not do anything to contradict the facts presented by the short seller.</li>
<li>Thus, it is Miniso’s word against Blue Ocra’s facts and it is quite obvious which side investors should take.</li>
</ul>


Blue Orca issued a damning short-seller report on Miniso (MNSO US) on the 25th of July 2022, stating that the company’s asset-light and high-margin franchise business is mostly a lie.
Miniso responded rather quickly but its response lacks evidence and does not do anything to contradict the facts presented by the short seller.
Thus, it is Miniso’s word against Blue Ocra’s facts and it is quite obvious which side investors should take.


Miniso’s Word Against Short Seller Blue Orca’s Facts