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

Oriental Land: Too Expensive to Benefit From Japan’s COVID-19 Vaccination Drive

Oriental Land: A Less Than Impressive Reopening Could Trigger a Much-Needed Correction

Oriental Land: Downside Risks Mount as Japan Considers Declaring a State of Emergency

Oriental Land: A Correction Possible with Q2 Results

Oriental Land: Never Mind the Absurd Consensus, FY21 Guidance Also Looks Challenging

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><a href="https://www.smartkarma.com/entities/oriental-land-co-ltd" target="_blank" data-smartkarma-citation="entities:13517:1" rel="noopener">Oriental Land (4661 JP)</a> delivered 3QFY21 results late last week with revenue surpassing consensus estimate by more than 13.8%. The company’s 3QFY21 operating profit was ¥4.3bn compared to consensus operating loss estimate of ¥5.0bn. The company’s financial performance is yet to bounce back to the pre-COVID-19 level, as 3QFY21 revenue and OP decreased by 45% and 89.2% YoY respectively.</p>

Oriental Land (4661 JP) delivered 3QFY21 results late last week with revenue surpassing consensus estimate by more than 13.8%. The company’s 3QFY21 operating profit was ¥4.3bn compared to consensus operating loss estimate of ¥5.0bn. The company’s financial performance is yet to bounce back to the pre-COVID-19 level, as 3QFY21 revenue and OP decreased by 45% and 89.2% YoY respectively.

Oriental Land: Over-Optimistic 4QFY21 Consensus