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

Donki Back with a Plan at Home and Overseas

Widespread Price Rises at Japanese Retail and Wholesale

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

Pan Pacific International: Overreaction to a Temporary Blip in Profitability

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

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>PPIH beat consensus 2QFY22 OP by 8.6% last week following a dismal 1QFY22 which saw quarterly OP fall 30.7% YoY due to lower sales of seasonal products and price competition.</li>
<li>Q2 results showed investors that Q1 was a temporary blip and <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> managed to catch up most of the lost ground in the second quarter.</li>
<li>Currently down 30% due to Q1 weakness, We predict PPIH’s share price to bounce back to the pre-Q1 earnings level over the next few weeks.</li>
</ul>


PPIH beat consensus 2QFY22 OP by 8.6% last week following a dismal 1QFY22 which saw quarterly OP fall 30.7% YoY due to lower sales of seasonal products and price competition.
Q2 results showed investors that Q1 was a temporary blip and Pan Pacific International Holdings (7532 JP) managed to catch up most of the lost ground in the second quarter.
Currently down 30% due to Q1 weakness, We predict PPIH’s share price to bounce back to the pre-Q1 earnings level over the next few weeks.


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