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

Poppins IPO Valuation: Attractively Priced for a Growing Company

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

Blue Moon IPO: Product Innovation and Online Channels Are the Secrets to a Gentle Clean

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

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

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

Blue Moon Group Holdings / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/guangzhou-blue-moon-industry-co-ltd" target="_blank" data-smartkarma-citation="entities:29179:1" rel="noopener">Blue Moon Group Holdings (BMG HK)</a> , a leading maker of consumer household care products including laundry detergent, personal hygiene products and home care products has filed for an IPO to list its shares on the Hong Kong Stock Exchange.The company plans to issue 747.1m (about 13% of the total share capital) shares at an indicative IPO price range of HK$10.2-13.16 per share. At the midpoint of the IPO price of HK$11.68 per share, the company will raise net proceeds of HK$8.5bn (US$1.1bn) at a post-money valuation of HK$58bn (US$7.5bn).In our previous insights on the company’s IPO, we examined the company’s business model, industry, business segments and financials. In this insight, we take a look at the company’s valuation.Read our previous insights on the company's IPO:<a href="https://www.smartkarma.com/insights/blue-moon-ipo-home-clean-home" target="_blank" data-smartkarma-citation="insights:45520" rel="noopener">Blue Moon IPO: Home Clean Home</a> <a href="https://www.smartkarma.com/insights/blue-moon-ipo-product-innovation-and-online-channels-are-the-secrets-to-a-gentle-clean" target="_blank" data-smartkarma-citation="insights:41196" rel="noopener">Blue Moon IPO: Product Innovation and Online Channels Are the Secrets to a Gentle Clean</a>

Blue Moon Group Holdings (BMG HK) , a leading maker of consumer household care products including laundry detergent, personal hygiene products and home care products has filed for an IPO to list its shares on the Hong Kong Stock Exchange.The company plans to issue 747.1m (about 13% of the total share capital) shares at an indicative IPO price range of HK$10.2-13.16 per share. At the midpoint of the IPO price of HK$11.68 per share, the company will raise net proceeds of HK$8.5bn (US$1.1bn) at a post-money valuation of HK$58bn (US$7.5bn).In our previous insights on the company’s IPO, we examined the company’s business model, industry, business segments and financials. In this insight, we take a look at the company’s valuation.Read our previous insights on the company's IPO:Blue Moon IPO: Home Clean Home Blue Moon IPO: Product Innovation and Online Channels Are the Secrets to a Gentle Clean 

Blue Moon IPO: More Expensive than Multinational Household Care Players Even at Low-End of Pricing