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

Pan Pacific International Valuation: All Signs Points to a Large Upside in the Short Term

PPIH: Q2 Should Ease Concerns on Profitability & Help The Share Price Return to Pre Q1 Level

Donki Back with a Plan at Home and Overseas

Pan Pacific (Donki): Gross Margin Improvement Suggests Further Upside

Donki to Ignite Off-Price Retail Market in Japan

Pan Pacific: New Long-Term Plan “Passion 2030” Full Steam Ahead

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

Pan Pacific International Holdings / Equity Bottom-Up

Pan Pacific International Holdings (7532 JP)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pan-pacific-international-holdings-corporation" target="_blank" data-smartkarma-citation="entities:13475:1" rel="noopener">Pan Pacific International Holdings (7532 JP)</a>’s share price dropped more than 31% since admitting that the company’s 1QFY22 OP was around ¥3.0bn below the expected level.</li>
<li>However, this decline in OP in 1QFY21 seems a temporary blip and the company could easily catch up for the lost earnings in the next three quarters.</li>
<li>We predict 30% upside to Pan Pacific shares, as profitability bounce back to the pre 1QFY22 level.</li>
</ul>



Pan Pacific International Holdings (7532 JP)’s share price dropped more than 31% since admitting that the company’s 1QFY22 OP was around ¥3.0bn below the expected level.
However, this decline in OP in 1QFY21 seems a temporary blip and the company could easily catch up for the lost earnings in the next three quarters.
We predict 30% upside to Pan Pacific shares, as profitability bounce back to the pre 1QFY22 level.


Pan Pacific International: Overreaction to a Temporary Blip in Profitability