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

Pinduoduo: Foreign Investors Could Panic as VC Chief Trims His Holdings

Pinduoduo: Community Group Buying Is Facing Multiple Challenges

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

<p>As US investors are forced to exit Chinese tech stocks amidst regulatory uncertainties, this presents an opportunity for long-term investors to buy high growth tech names at bargain prices.</p><p>The community group-buying platform <a href="https://www.smartkarma.com/entities/pinduoduo-inc" target="_blank" data-smartkarma-citation="entities:27250:1" rel="noopener">Pinduoduo (PDD US)</a> was one of the stocks on the receiving end of the Chinese government’s regulatory scrutiny, and its shares are currently trading at around 52% below the February 2021 peak level. As the overhang subsides and selling pressure (mainly from US investors) fades, Pinduoduo seems well placed to outperform its peers as the company stands to benefit from the change of direction in the government policy over the next few years.</p>

As US investors are forced to exit Chinese tech stocks amidst regulatory uncertainties, this presents an opportunity for long-term investors to buy high growth tech names at bargain prices.The community group-buying platform Pinduoduo (PDD US) was one of the stocks on the receiving end of the Chinese government’s regulatory scrutiny, and its shares are currently trading at around 52% below the February 2021 peak level. As the overhang subsides and selling pressure (mainly from US investors) fades, Pinduoduo seems well placed to outperform its peers as the company stands to benefit from the change of direction in the government policy over the next few years.

Not Yet an Absolute Bargain, but PDD Is Our First Choice to Bottom Fish Chinese Tech

PDD Holdings

Not Yet an Absolute Bargain, but PDD Is Our First Choice to Bottom Fish Chinese Tech