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

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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

Last Friday (26th Feb 2021), Malaysia and Singapore listed <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>, the world’s largest rubber glove maker, provided additional details to its 12th October 2020 announcement regarding the proposed dual primary listing on the Hong Kong Stock Exchange.Top Glove is expected to issue 1,495m new ordinary shares (including the over-allotment option of 195m shares) to raise approximately US$ 1.9bn via this dual primary listing. The requests for relevant approvals will be made within one month from the date of the announcement and the dual primary listing is expected to be completed by 2Q21.

Last Friday (26th Feb 2021), Malaysia and Singapore listed Top Glove Corp (TOPG MK), the world’s largest rubber glove maker, provided additional details to its 12th October 2020 announcement regarding the proposed dual primary listing on the Hong Kong Stock Exchange.Top Glove is expected to issue 1,495m new ordinary shares (including the over-allotment option of 195m shares) to raise approximately US$ 1.9bn via this dual primary listing. The requests for relevant approvals will be made within one month from the date of the announcement and the dual primary listing is expected to be completed by 2Q21.

Top Glove Hong Kong Offering: From Supply Shortage to Oversupply