Equity Analyst

Gihan Bandara

Analyst at LightStream Research covering Asian equities, along with thematic research.

JSW Steel: Acquisition of Monnet Ispat Looks Attractive

Essar Steel: Liquidation Looms Large as Bidding Forced into Round Two

JSW Steel: Upward Capex Revision Does Not Matter

JSW Steel Earnings Release FY03/18 – Three All-Time Highs in a Row

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

<p>The Reserve Bank of India published a list of companies that has a collective outstanding debt value of around INR2,000bn during 2017. This list includes 12 major companies that account for 20% of the current NPAs of the Indian banking system, out of these, 5 are steel manufacturers (Bhushan Steel, Bhushan Power, Monnet Ispat, Electrosteel and Essar Steel). The cumulative steel production capacity of these five companies are around 23 MTPA. Accordingly, these companies account for around 25% of…</p>

The Reserve Bank of India published a list of companies that has a collective outstanding debt value of around INR2,000bn during 2017. This list includes 12 major companies that account for 20% of the current NPAs of the Indian banking system, out of these, 5 are steel manufacturers (Bhushan Steel, Bhushan Power, Monnet Ispat, Electrosteel and Essar Steel). The cumulative steel production capacity of these five companies are around 23 MTPA. Accordingly, these companies account for around 25% of…

TATA Steel Could Retake Capacity Crown as 20% of Indian Steel Capacity up for Grabs

Tata Steel Ltd

TATA Steel Could Retake Capacity Crown as 20% of Indian Steel Capacity up for Grabs