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

Seven & I: More Upside as Momentum Turns Positive in the Domestic Market

Seven & I – The US Is About to Hit the Brakes

Seven & I Parts with Sogo & Seibu and Pockets ¥200bn

Seven & I Marches On in the US Despite Headwinds From Inflation

Seven & I: A Lot Left in Speedway Synergies

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

<ul>
<li>With OP up by 32.1% YoY, 1QFY23 was the first genuine sign of the realisation of synergies from the Speedway acquisition.</li>
<li>There could be more good news on the horizon as various news outlets have reported that the sale of Sogo Seibu is moving closer.</li>
<li>Yet we are neutral on <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> in the short-term. We think investors needs to see the true colours of synergies for shares to break ¥6,100.</li>
</ul>


With OP up by 32.1% YoY, 1QFY23 was the first genuine sign of the realisation of synergies from the Speedway acquisition.
There could be more good news on the horizon as various news outlets have reported that the sale of Sogo Seibu is moving closer.
Yet we are neutral on Seven &amp; I Holdings (3382 JP) in the short-term. We think investors needs to see the true colours of synergies for shares to break ¥6,100.


Seven & I: Positives All Around But Upside Is Limited