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

Shiseido: China Exposure, Potential Earnings Misses and Write-Offs Create Additional Downside Risk

Shiseido: International Cosmetics Brands Sent Packing by Chinese Rivals

Shiseido: Outperforms With Relaxation Of China’s COVID Restrictions, Long Term We Are a Bit Cautious

Shiseido: Shanghai Lockdown Adds Pressure to Faltering Japanese Cosmetics

Crackdown on Live-Streaming E-Commerce Could Derail The Recovery of Japanese Cosmetics

Shiseido: China Is Still a Question Mark But The Rest of The Business Deserves Plaudits

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>At 4% below the COVID sell-off low level, <a href="https://www.smartkarma.com/entities/shiseido-co-ltd" target="_blank" data-smartkarma-citation="entities:5718:1" rel="noopener">Shiseido Company (4911 JP)</a> is looking genuinely attractive over the medium-long term.</li>
<li>In addition, there could be a shift in the short term market sentiment towards Japanese cosmetics with China’s COVID lockdowns expected to ease from the beginning of next month.</li>
<li>With the downside risk limited to less than 10%, we think it may be a good time to start owning Shiseido.</li>
</ul>


At 4% below the COVID sell-off low level, Shiseido Company (4911 JP) is looking genuinely attractive over the medium-long term.
In addition, there could be a shift in the short term market sentiment towards Japanese cosmetics with China’s COVID lockdowns expected to ease from the beginning of next month.
With the downside risk limited to less than 10%, we think it may be a good time to start owning Shiseido.


Shiseido: Around 59% Upside Possible on Upgrades to Consensus