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

Nayuki IPO Valuation: Nayuki to Close Books Early & Pricing Is Likely to Be At The Top End

Nayuki Holdings IPO: ‘New Style’ Teahouses Are Failing to Encourage Customers to Make Regular Visits

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

<p>We have a different take on the <a href="https://www.smartkarma.com/entities/nayuki-holdings" target="_blank" data-smartkarma-citation="entities:32149:1" rel="noopener">Nayuki Holdings (NYK HK)</a> IPO to some of the other insight providers on the Smartkarma platform. We think Nayuki is trying to raise money through an IPO just as it approaches the tail end of the bubble tea and fruit tea growth trends that started in 2014-15. We also think that bubble tea and fruit tea lack the ability to encourage consumers to make regular purchases, making them less profitable than coffee, which encourages consumers to walk into coffee shops daily.</p>

We have a different take on the Nayuki Holdings (NYK HK) IPO to some of the other insight providers on the Smartkarma platform. We think Nayuki is trying to raise money through an IPO just as it approaches the tail end of the bubble tea and fruit tea growth trends that started in 2014-15. We also think that bubble tea and fruit tea lack the ability to encourage consumers to make regular purchases, making them less profitable than coffee, which encourages consumers to walk into coffee shops daily.

Nayuki Holdings

Nayuki IPO: Not Our Cup of Tea