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

India Channel Insight #33 | Shopee, Flipkart, Meesho, Swiggy

India Channel Insight #34 | Eicher (Royal Enfield), TVS Motors, Hero MotoCorp

Sea Ltd: Something to Think About if You Are Starting to Lean Towards the Bullish Side

Sea Ltd.'s Money Machine Is Broken, Downside Is Not Fully Priced-In

Sea Ltd in Free Fall Following the Removal of Free Fire from The App Store & Google Play

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>Shopee, the e-commerce arm of Singapore-based <a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" data-smartkarma-citation="entities:8509:1" rel="noopener">Sea Ltd (SE US)</a>, announced today that they are shutting down operations in India due to global market uncertainties.</li>
<li>We feel this could turn even the most hopeful followers of Sea Ltd as they must be running out of angles to justify their bullish calls on the company.</li>
<li>We think, Sea Ltd shares could easily fall below the pre-COVID level once it starts losing these ardent followers.</li>
</ul>


Shopee, the e-commerce arm of Singapore-based Sea Ltd (SE US), announced today that they are shutting down operations in India due to global market uncertainties.
We feel this could turn even the most hopeful followers of Sea Ltd as they must be running out of angles to justify their bullish calls on the company.
We think, Sea Ltd shares could easily fall below the pre-COVID level once it starts losing these ardent followers.


Sea Ltd: Shopee’s Exit from India Could Be the Final Nail in the Coffin