Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

A chartered management accountant with more than 10 years of rich experience in investment research and financial analysis. Worked as an equity analyst for one of the world's largest asset managers with USD2.5trn in AUM covering numerous sectors including chemicals, retail, tech, autos, telco, real-estate and banks, globally. Experienced in fundamental equity research, industry research, commodity studies, forensic accounting, and due diligence reviews.

Equity Analyst

17 Edu & Tech IPO Valuation: Fairly Valued at the Lower End of the IPO Pricing

Pop Mart IPO Valuation: Rich Multiples but Superior Growth Profile Justifies the Premium

Kuaishou Pre-IPO: Strengthening Top Line and Ample Monetisation Opportunities

JD Health Pre-IPO: Peer Comparison Reveals JD Health’s Financials Are Stronger than Competition

JD Health IPO: Attractive Even at High End on Cheapness and Gearing to Healthcare Transformation

GSX TechEdu: Grizzly’s Allegations Look Difficult to Refute

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

JD Health IPO: PHIP Data Re-Affirms Our Positive View on the Company

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

17 Education & Technology Grou / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/17-education-and-technology-group-inc" target="_blank" data-smartkarma-citation="entities:31033:1" rel="noopener">17 Education and Technology (YQ US)</a>  is a leading education technology company in China with an “in-school + after-school” integrated model which provides offline and online K-12 education products and services in China. Online K-12 tutoring service accounted for more than 90% of the company’s revenues in 9M20.</p><p>The company has filed for an IPO to list its shares in the US and has a placeholder indication to raise about US$100m. In this insight, we examine the company’s business model, its segments, revenues and margins.</p>

17 Education and Technology (YQ US)  is a leading education technology company in China with an “in-school + after-school” integrated model which provides offline and online K-12 education products and services in China. Online K-12 tutoring service accounted for more than 90% of the company’s revenues in 9M20.The company has filed for an IPO to list its shares in the US and has a placeholder indication to raise about US$100m. In this insight, we examine the company’s business model, its segments, revenues and margins.

17 Education & Tech IPO: Another Online Education Provider with No Clear Path to Profitability