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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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

<p><a href="https://www.smartkarma.com/entities/monde-nissin-corp" target="_blank" data-smartkarma-citation="entities:32188:1" rel="noopener">Monde Nissin Corp (0191881D PM)</a> offers an interesting opportunity for investors given the company’s exposure to the fast-growing alternative meat market in Europe and the US. While alternative meat names are popular thematically, we believe Monde Nissin’s exposure and technological focus on being an alternative to regular Chicken makes the company avoid most of the competition within a highly competitive industry and makes Monde Nissin, one of the most attractive companies within the alternative meat space.</p><p>Moreover, at 4.13x trailing EV/Sales, the IPO valuation seems to ignore the company’s alternative meat exposure and appears even compelling to the value investors who would otherwise avoid these high growth industries due to concerns over valuation multiples.</p>

Monde Nissin Corp (0191881D PM) offers an interesting opportunity for investors given the company’s exposure to the fast-growing alternative meat market in Europe and the US. While alternative meat names are popular thematically, we believe Monde Nissin’s exposure and technological focus on being an alternative to regular Chicken makes the company avoid most of the competition within a highly competitive industry and makes Monde Nissin, one of the most attractive companies within the alternative meat space.Moreover, at 4.13x trailing EV/Sales, the IPO valuation seems to ignore the company’s alternative meat exposure and appears even compelling to the value investors who would otherwise avoid these high growth industries due to concerns over valuation multiples.

Monde Nissin IPO: Likely to Pop Like Beyond Meat