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

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 Capital Markets

<p>A few days after Malaysia’s largest glove manufacturer, <a href="https://www.smartkarma.com/entities/top-glove-corp-bhd" target="_blank" data-smartkarma-citation="entities:20759:1" rel="noopener">Top Glove Corp (TOPG MK)</a>, announced its dual primary listing, <a href="https://www.smartkarma.com/entities/supermax-corp-bhd" target="_blank" data-smartkarma-citation="entities:12883:1" rel="noopener">Supermax Corp (SUCB MK)</a>, Malaysia’s third-largest rubber glove maker by market value, announced that it was considering a dual listing on the Singapore Exchange.</p>
<p>Benefitting from the demand for COVID-19 resistant stocks, Supermax’s shares have risen to an all-time high since the beginning of the pandemic. Having increased by over 1,000% since the beginning of March 2020, Supermax’s shares currently trade at MYR 9.78 per share on the Kuala Lumpur Exchange.</p>
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<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/169/977/original/Picture1.png?1604829481" class="editor-image img-responsive" data-smartkarma-image-id="169977"></figure>
<div class="content-caption">Source: Company disclosures</div>
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<p>In addition to allowing the company to expand and diversify its shareholder base, the company also expects that the proposed listing in Singapore will also enable the glove maker to pursue growth opportunities.</p>
<p>Supermax also noted that the proposed Singapore Exchange listing is still at an early stage and that the structure of the listing has not been finalised.</p>

A few days after Malaysia’s largest glove manufacturer, Top Glove Corp (TOPG MK), announced its dual primary listing, Supermax Corp (SUCB MK), Malaysia’s third-largest rubber glove maker by market value, announced that it was considering a dual listing on the Singapore Exchange.
Benefitting from the demand for COVID-19 resistant stocks, Supermax’s shares have risen to an all-time high since the beginning of the pandemic. Having increased by over 1,000% since the beginning of March 2020, Supermax’s shares currently trade at MYR 9.78 per share on the Kuala Lumpur Exchange.


Source: Company disclosures

In addition to allowing the company to expand and diversify its shareholder base, the company also expects that the proposed listing in Singapore will also enable the glove maker to pursue growth opportunities.
Supermax also noted that the proposed Singapore Exchange listing is still at an early stage and that the structure of the listing has not been finalised.

Supermax Dual Listing: Gloves Off! – Part 2