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

Thai Beverage (Thbev): Imminent Risk Ahead

Thai Beverages: The IPO of Beer Business Could Unlock Hidden Value in Both Beer and Spirits

Thai Beverage (THBEV TB) - Brewing Spin-Off a Positive Catalyst

KFC Thailand: Thai Bev Puts CENTEL Down for the Count

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

<p><a href="https://www.smartkarma.com/entities/thai-beverage-pcl" target="_blank" data-smartkarma-citation="entities:3656:1" rel="noopener">Thai Beverage (THBEV SP)</a>'s strong start to the fiscal year ending September 2020 was confirmed by its 1QFY20 results which they released on 14<sup>th</sup> February 2020. The company’s revenue grew 4.2% YoY in 1QFY20 driven by growth in its domestic market. Also, Its EBITDA margin improved by 170bps compared to 1QFY20 through improvements across all its segments.</p>

Thai Beverage (THBEV SP)'s strong start to the fiscal year ending September 2020 was confirmed by its 1QFY20 results which they released on 14th February 2020. The company’s revenue grew 4.2% YoY in 1QFY20 driven by growth in its domestic market. Also, Its EBITDA margin improved by 170bps compared to 1QFY20 through improvements across all its segments.

Thai Beverages: 1Q20 Results Beats Consensus as Home Demand Outweighed SABECO & GRG Underperformance