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

Miniso: Genuinely Undervalued & A Decent Long Hedge to Increase Short Exposure to Chinese E-Commerce

Miniso Dual Primary Listing: Positive on Momentum, Valuation and Acceleration of Global Expansion

Miniso Hong Kong Listing: Still Too Cheap

MINISO IPO Trading Update: More Upside Left, But Wait For Better Pricing Or Momentum

Miniso Slides 47% Amidst Beijing’s Clampdown on ADRs: Large Upside Possible Once the Dust Settles

MINISO’s Impending Lock-Up Expiry: A Chance to Accumulate More Shares

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

<ul>
<li>Last week, <a href="https://www.smartkarma.com/entities/miniso-group-holdings" target="_blank" data-smartkarma-citation="entities:29673:1" rel="noopener">MINISO Group Holdings (MNSO US)</a> filed an application to conduct a follow-on public offering of ordinary shares on the main board of the Hong Kong Stock Exchange.</li>
<li>The Hong Kong listing will be treated as a second primary listing, resulting in a substantial improvement in the stock’s liquidity.</li>
<li>With the improvement in liquidity following the Hong Kong offer, there could be a significant upside to Miniso shares in the short term.</li>
</ul>


Last week, MINISO Group Holdings (MNSO US) filed an application to conduct a follow-on public offering of ordinary shares on the main board of the Hong Kong Stock Exchange.
The Hong Kong listing will be treated as a second primary listing, resulting in a substantial improvement in the stock’s liquidity.
With the improvement in liquidity following the Hong Kong offer, there could be a significant upside to Miniso shares in the short term.


Miniso to Increase Liquidity Via a Dual Primary Listing on HKEX