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

Clover Biopharmaceuticals IPO: Thoughts on First Day Trading

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

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ane-logistics" target="_blank" data-smartkarma-citation="entities:34119:1" rel="noopener">ANE Logistics (1292621D CH)</a> priced its IPO at HK$13.88 per share, at the lower end of the indicative IPO price range of HK$13.88-16.88 per share. </li>
<li>At the final price of HK$13.88 per share, ANE raised HK$1,009.2m (US$130m excl. over-allotment) at a market capitalisation of HK$16.2bn and a post-money enterprise value of HK$14.7bn. </li>
<li>According to ANE, its offering (both HK and international) was oversubscribed by less than 3.0x due to poor investor demand. </li>
</ul>



ANE Logistics (1292621D CH) priced its IPO at HK$13.88 per share, at the lower end of the indicative IPO price range of HK$13.88-16.88 per share. 
At the final price of HK$13.88 per share, ANE raised HK$1,009.2m (US$130m excl. over-allotment) at a market capitalisation of HK$16.2bn and a post-money enterprise value of HK$14.7bn. 
According to ANE, its offering (both HK and international) was oversubscribed by less than 3.0x due to poor investor demand. 


ANE Logistics

ANE IPO: Thoughts on First Day Trading