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

RLX Technology IPO Trading Update: Long Smoore/Short RLX

Long Smoore/Short RLX: RLX’s Lock-Up Expiry Could Aggravate the Sell-Off

RLX Technology IPO Valuation: Smoore International May Not Be The Perfect Hedge

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/rlx-technology-inc" target="_blank" data-smartkarma-citation="entities:31113:1" rel="noopener">RLX Technology Inc (RLX US)</a> announced a buyback of $500m, which is around 8.3% of the company’s share capital.</li>
<li>We expect short coverings following the buyback news possibly resulting in a second short squeeze in quick succession.</li>
<li>Meanwhile, the valuation mismatch between RLX and <a href="https://www.smartkarma.com/entities/smoore-international" target="_blank" data-smartkarma-citation="entities:28241:1" rel="noopener">Smoore International (6969 HK)</a> provides traders with an opportunity to a Long RLX/Short Smoore market-neutral pair trade.</li>
</ul>



RLX Technology Inc (RLX US) announced a buyback of $500m, which is around 8.3% of the company’s share capital.
We expect short coverings following the buyback news possibly resulting in a second short squeeze in quick succession.
Meanwhile, the valuation mismatch between RLX and Smoore International (6969 HK) provides traders with an opportunity to a Long RLX/Short Smoore market-neutral pair trade.


RLX Technology to Buyback 33% of The Free Float: Time To Reverse The Long Smoore/Short RLX Trade