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

FamilyMart: Itochu's Offer May Not Be Enough to Persuade a Sale From Long Term Investors

FamilyMart to Invest Head Count Reduction Gains in Franchisee Support

FamilyMart Tender Offer - Winnie and HunnyPot Redux

FamilyMart: Franchise Revenue Has Potential to Grow Despite Declining Franchisee Profitability

Smartkarma Flash Webinar | Familymart (8028 JP) Takeover Bid

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

It was reported yesterday (9th July 2020), that <a href="https://www.smartkarma.com/entities/itochu-corp" target="_blank" data-smartkarma-citation="entities:18448:1" rel="noopener">Itochu Corp (8001 JP)</a> has launched a tender offer to take <a href="https://www.smartkarma.com/entities/familymart-co-ltd" target="_blank" data-smartkarma-citation="entities:320:1" rel="noopener">FamilyMart Co Ltd (8028 JP)</a> private by acquiring the remaining 49.9% stake held by the minority investors. The offer price is set at ¥2,300 per share, a 31.1% premium to the last close price of ¥1,754. However, the offer price is at a 19.9% discount to the 52-week high and 0.8% discount to the one-year average price.Travis Lundy’s insight; <a href="https://www.smartkarma.com/insights/familymart-tender-offer-winnie-and-hunnypot-redux" target="_blank" rel="noopener">FamilyMart Tender Offer - Winnie and HunnyPot Redux</a> discussed the background, offer details, shareholding structure, offer price and the chances of success.This insight is focused on the fair value calculation of the financial advisors.

It was reported yesterday (9th July 2020), that Itochu Corp (8001 JP) has launched a tender offer to take FamilyMart Co Ltd (8028 JP) private by acquiring the remaining 49.9% stake held by the minority investors. The offer price is set at ¥2,300 per share, a 31.1% premium to the last close price of ¥1,754. However, the offer price is at a 19.9% discount to the 52-week high and 0.8% discount to the one-year average price.Travis Lundy’s insight; FamilyMart Tender Offer - Winnie and HunnyPot Redux discussed the background, offer details, shareholding structure, offer price and the chances of success.This insight is focused on the fair value calculation of the financial advisors.

Pan Pacific International Holdings (7532 JP)

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