Equity Analyst - Asia Consumer Sector, Investory

Devi Subhakesan

Equity Research experience of over 20 years include working at leading Asset Management and Brokerage/Investment Banking Firms.  

I focus primarily on the Asia consumer sector and analyse emerging trends and evolving consumption behaviours to publish investment insights on segments where women and/or youth drive purchasing decisions.

My approach combines in-depth industry and company research with rigorous valuation analysis to help investors make informed investment decisions.

Equity Analyst - Asia Consumer Sector

Luckin Coffee IPO: Best Latte Scenario Priced In Unless You See Data Coffee

Luckin Coffee's Upsized IPO: Why Investors Trod Where Analysts Feared?

Luckin Coffee 2Q19: Stock on a Tailspin as Investor Concerns Override Improving Metrics & Outlook

Luckin Coffee IPO: Wake up and Smell the Coffee

Starbucks (SBUX): Luckin (LK) Not a Concern Anymore According to Its IPO Form

Luckin Coffee (瑞幸咖啡) Early Thoughts - Caffeine Rush

Viva Biotech IPO: Just About Supporting the Low-End IPO Price Range

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/28046" target="_blank" data-smartkarma-citation="entities:28046:1">Luckin Coffee (LK US</a>), a newly established coffee chain in China, has captured investor and media attention thanks to its stupendous growth in stores, technology-based interface and a recognisable brand.  At first look, Luckin's short operating history and current financials/cash burn can set alarm bells ringing for a conservative investor considering its IPO.</p><p>In the detailed report below, we look at likely future alternate financial scenarios as Luckin's operations stabilise. We also present our thoughts on what appears to be the good, the bad and the unsure part of Luckin Coffee story, as we see it, after reviewing its IPO document. Lastly, we have a different take on Luckin's competitors. This should give investors additional food for thought before analyzing Luckin's investment case and meeting the management.  </p>

Luckin Coffee (LK US), a newly established coffee chain in China, has captured investor and media attention thanks to its stupendous growth in stores, technology-based interface and a recognisable brand.  At first look, Luckin's short operating history and current financials/cash burn can set alarm bells ringing for a conservative investor considering its IPO.In the detailed report below, we look at likely future alternate financial scenarios as Luckin's operations stabilise. We also present our thoughts on what appears to be the good, the bad and the unsure part of Luckin Coffee story, as we see it, after reviewing its IPO document. Lastly, we have a different take on Luckin's competitors. This should give investors additional food for thought before analyzing Luckin's investment case and meeting the management.  

ラッキンコーヒー：良い点、悪い点、不確かな点、そして未来を見つめる