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: 7-Eleven US Poses Challenges for FY24 Guidance

Seven & I Merger of FMCG Arms Signals Focus on Food – And Its All Good News

Seven & I: Earnings Peak and Valuation Multiples Nearing Breaking Point

Seven & I: Founder's Death Fuels Value Act's Activism, Angers The Board, Reduces Short Thesis Risk

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>Last week, shareholders of <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> rejected all four of the board nominees proposed by ValueAct.</li>
<li>ValueAct, seeing their higher vote count as a modest success, sent a letter to Seven &amp; I, requesting a resumption of discussions despite the failed attempt to remove senior leadership.</li>
<li>We think the company is unlikely to seriously consider Value Act's proposals any longer, indicating the end of the investor activism campaign.</li>
</ul>


Last week, shareholders of Seven &amp; I Holdings (3382 JP) rejected all four of the board nominees proposed by ValueAct.
ValueAct, seeing their higher vote count as a modest success, sent a letter to Seven &amp; I, requesting a resumption of discussions despite the failed attempt to remove senior leadership.
We think the company is unlikely to seriously consider Value Act's proposals any longer, indicating the end of the investor activism campaign.


Seven & I: ValueAct's Proposals Unlikely to Be Considered, Investor Activism Effectively Over