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: Bouncy 1QFY21 Can Fire up the Stock; 20% Upside on SOTP

The Week That Was in ASEAN@Smartkarma - Banks, Beers, and Mergers

ThaiBev: Unwinding of Holdco Discount Is Possible as ThaiBev Prepares to IPO the Beer Business

ThaiBev: A Quick Run Through Fundamentals as ThaiBev Pushes Ahead with the Beer Business IPO

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><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>, the number one brewer in the ASEAN region with a capacity of 38.0m hectolitres, released strong 1QFY21 results today with revenue coming in at THB 71.8bn (22.1% QoQ and -5.1% YoY) and EBITDA at THB 14.9bn (26.6% QoQ and 6.3% YoY).</p><p>With the news of the proposed Spin-off Listing of ThaiBev’s beer segment, it will be interesting to watch the market’s reaction to ThaiBev’s strong comeback in 1QFY21, following a drop off in performance due to COVID-19.</p>

Thai Beverage (THBEV SP), the number one brewer in the ASEAN region with a capacity of 38.0m hectolitres, released strong 1QFY21 results today with revenue coming in at THB 71.8bn (22.1% QoQ and -5.1% YoY) and EBITDA at THB 14.9bn (26.6% QoQ and 6.3% YoY).With the news of the proposed Spin-off Listing of ThaiBev’s beer segment, it will be interesting to watch the market’s reaction to ThaiBev’s strong comeback in 1QFY21, following a drop off in performance due to COVID-19.

ThaiBev’s Strong 1QFY21 Results Could Shift Opinions About The BeerCo Spin-Off