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

Monde Nissin Is Attracting a Lot of Long Only Funds

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 Bottom-Up

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<a href="https://www.smartkarma.com/entities/monde-nissin-corp" target="_blank" data-smartkarma-citation="entities:32188:1" rel="noopener">Monde Nissin Corp (MONDE PM)</a> shares slid 6% upon delivering somewhat weak 1H21 results, which saw EBITDA decreased by 14.5% YoY to ₱7.2bn. The company’s revenue rose 1.2% YoY to ₱33.8bn.</li>
<li>However, the fundamentals remain strong with 68.1% YoY growth in the overseas APAC Food &amp; Beverages business and channel expansion of Meat Alternatives. Margin pressure is also expected to alleviate in 2H21 alongside price increases in the APAC Food &amp; Beverages business.</li>
</ul>



Monde Nissin Corp (MONDE PM) shares slid 6% upon delivering somewhat weak 1H21 results, which saw EBITDA decreased by 14.5% YoY to ₱7.2bn. The company’s revenue rose 1.2% YoY to ₱33.8bn.
However, the fundamentals remain strong with 68.1% YoY growth in the overseas APAC Food &amp; Beverages business and channel expansion of Meat Alternatives. Margin pressure is also expected to alleviate in 2H21 alongside price increases in the APAC Food &amp; Beverages business.


Monde Nissin: Price Volatility Following Earnings Is an Opportunity