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

Hoya 3Q Results: Earnings Beat Consensus and Point to Recovery Ahead

M3 3Q Results: Strong Growth in Earnings Driven by Medical and Overseas Businesses

Joinn Laboratories IPO: Pioneer of Commercial GLP Laboratories in China Shows Promise

Suzhou Basecare Medical IPO Valuation: Attractive Even at the Upper End of the IPO Pricing

Apple Unveils Long Awaited 5G IPhones that Could Trigger Massive IPhone Upgrades

2021 High Conviction - Rapid User Growth Will Set You Freee From Losses

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

Suzhou Basecare Medical IPO: First Mover with the Only NMPA-Approved PGT Product in China

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 Bottom-Up

Apple reported 1QFY09/21 results yesterday which saw all-time quarterly revenue of $111.4bn, a 21% YoY increase compared to 1QFY09/20 revenues of $91.8bn. The company’s operating profit grew 29.4% YoY during the quarter resulting in an OPM of 30.1% from 28.2% a year ago. The product revenue as well as services saw double-digit growth during the quarter which increased 21% and 24% respectively.Source: Company DisclosuresBoth revenue and operating profit beat consensus estimates by 7.8% and 17.5% respectively. 

Apple: 1Q FY09/21 Earnings Set New All-Time Records