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

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

Insights from Datamining Technical Publications - Cosmetics

Shiseido's 1Q21 Results Beat Consensus But Try to Play Safe With Conservative 2021 Guidance

Shiseido: Inbound Demand Could Rebound During The Next Twelve Months

Shiseido: Offloads BareMinerals, BUXOM and Laura Mercier at a Bargain But Future Looks Bright

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>
<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>’s share price fell as much as 5% in early trading today after delivering weaker than expected 3Q21 results on 10th November 2021.</li>
<li>Despite the weak performance in the third quarter, Shiseido increased its 2021 OP guidance by ¥5.0bn to ¥32.0bn.</li>
<li>There's upside potential to earnings and current multiples are also towards the low side. However, risks rewards are not that great with a possible slowdown in the Chinese cosmetics market.</li>
</ul>



Shiseido Company (4911 JP)’s share price fell as much as 5% in early trading today after delivering weaker than expected 3Q21 results on 10th November 2021.
Despite the weak performance in the third quarter, Shiseido increased its 2021 OP guidance by ¥5.0bn to ¥32.0bn.
There's upside potential to earnings and current multiples are also towards the low side. However, risks rewards are not that great with a possible slowdown in the Chinese cosmetics market.


Shiseido: There’s Upside to Consensus Estimates But China Slowdown Is a Too Big of a Risk