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 (PDD US): Know When to Fold, Know When to Run

Pin Duo Duo (PDD US): Four Charts To Make You Want to Run

Pinduoduo (PDD US): Time to Shine for the Sorcerer’s Apprentice: Initiating Coverage

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/pinduoduo-inc" target="_blank" data-smartkarma-citation="entities:27250:1" rel="noopener">Pinduoduo (PDD US)</a> is a Chinese e-commerce company that pioneered concepts like social e-commerce and team purchase. The company has experienced tremendous success since inception in 2015. Pinduoduo's success is driven mainly by active buyer growth as LTM active buyers rose 980% to 731m over the last 3 years. Meanwhile, the company’s share price rose 931% from the IPO price to $196.0 per ADS since listing on Nasdaq in July 2018 at $19.0 per ADS.</p>

Pinduoduo (PDD US) is a Chinese e-commerce company that pioneered concepts like social e-commerce and team purchase. The company has experienced tremendous success since inception in 2015. Pinduoduo's success is driven mainly by active buyer growth as LTM active buyers rose 980% to 731m over the last 3 years. Meanwhile, the company’s share price rose 931% from the IPO price to $196.0 per ADS since listing on Nasdaq in July 2018 at $19.0 per ADS.

Pinduoduo: Unlikely to Meet 4Q20 Consensus

PDD Holdings

Pinduoduo: Unlikely to Meet 4Q20 Consensus