Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, 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

ANE IPO: Adverse Weather and Resurgence of Covid to Impact 2H; Margins to Remain Under Pressure

DingDang Health IPO: Solid Business Model and Strong Financials; Regulatory Environment Concerning

JD Logistics IPO: Financial Forecasts and Initial Thoughts on Rumoured US$40.0bn Valuation

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

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><a href="https://www.smartkarma.com/entities/ane-logistics" target="_blank" data-smartkarma-citation="entities:34119:1" rel="noopener">ANE Logistics (1292621D CH)</a> operates a leading freight express network in China’s less-than-truckload (LTL) market. According to iResearch, ANE has been ranked the largest player in China’s LTL market since 2017 and held a market share of 0.5% in 2020 in terms of total freight volume. The company has filed for an IPO to list its shares on the Hong Kong Stock Exchange and according to news media outlets, the company plans to raise net proceeds of around US$500m.</p><p>In this insight, we examine the company’s business model, revenues, margins and outlook.</p>

ANE Logistics (1292621D CH) operates a leading freight express network in China’s less-than-truckload (LTL) market. According to iResearch, ANE has been ranked the largest player in China’s LTL market since 2017 and held a market share of 0.5% in 2020 in terms of total freight volume. The company has filed for an IPO to list its shares on the Hong Kong Stock Exchange and according to news media outlets, the company plans to raise net proceeds of around US$500m.In this insight, we examine the company’s business model, revenues, margins and outlook.

ANE IPO: Limited Room for Margin Expansion