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

Bilibili Vs Huya:Strong Top Line Growth; Outspending Huya on Marketing-Reason for Absence of Profits

Kuaishou IPO Valuation: Attractive Valuation

Cloopen Group IPO: Growing Demand for Cloud Communications and IoT in China to Drive Growth

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

IQIYI Placement: Searching for Additional Revenues Amidst Deepening Losses

Bilibili: Early Thoughts on Bilibili’s Secondary Listing

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

Yidu Tech IPO: Strong Top Line Growth; New Markets and Offerings Should Support Further Growth

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

CNBC reported on Tuesday (12th January 2021) that the Chinese mobile games and video platform <a href="https://www.smartkarma.com/entities/bilibili-inc" target="_blank" data-smartkarma-citation="entities:26793:1" rel="noopener">Bilibili Inc (BILI US)</a>  has confidentially filed for a secondary listing on the Hong Kong Stock Exchange that could raise over US$2bn.Bilibili is the latest US-listed Chinese company to launch a secondary listing on the HKEX. The company was listed on the NASDAQ on 28th March 2018 and Hong Kong’s listing rules require a track record of at least two financial years of good regulatory compliance on another qualifying exchange before seeking for a secondary listing.In our previous insight on the company’s secondary listing <a href="https://www.smartkarma.com/insights/bilibili-early-thoughts-on-bilibili-s-secondary-listing" target="_blank" data-smartkarma-citation="insights:41512" rel="noopener">Bilibili: Early Thoughts on Bilibili’s Secondary Listing</a> , we discussed the company’s business model, segments and financials. This is the first of a series of reports on Bilibili, where we will be examining the company’s fundamentals and valuation ahead of its HKEX listing.

CNBC reported on Tuesday (12th January 2021) that the Chinese mobile games and video platform Bilibili Inc (BILI US)  has confidentially filed for a secondary listing on the Hong Kong Stock Exchange that could raise over US$2bn.Bilibili is the latest US-listed Chinese company to launch a secondary listing on the HKEX. The company was listed on the NASDAQ on 28th March 2018 and Hong Kong’s listing rules require a track record of at least two financial years of good regulatory compliance on another qualifying exchange before seeking for a secondary listing.In our previous insight on the company’s secondary listing Bilibili: Early Thoughts on Bilibili’s Secondary Listing , we discussed the company’s business model, segments and financials. This is the first of a series of reports on Bilibili, where we will be examining the company’s fundamentals and valuation ahead of its HKEX listing.

Bilibili Secondary Listing: Diversifying Revenue Mix Should Make Profits Possible in the Medium Term