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

Change Follow-On Offering: Worth Subscribing For

Change 2QFY21: PubliTech and M&A to Drive Earnings; Current Multiples Offer Good Buying Opportunity

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

M3 Inc: Strong Earnings Momentum Continues

ORo: Earnings Growth Hasn’t Resumed Yet but We Are Looking for Entry Points

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 Bottom-Up

<a href="https://www.smartkarma.com/entities/change-inc" target="_blank" data-smartkarma-citation="entities:27414:1" rel="noopener">Change Inc (3962 JP)</a>  offers IT human resource development training services in Japan. The company’s share price has more than quadrupled over the past 12-months to JPY3,420 per share from JPY805 per share a year ago. In this insight, we examine the company’s business model and its financials to understand what has caused the significant rally in the company’s share price.With the spread of COVID-19 in Japan, many companies have started shifting to working from home, whereby the digitisation of businesses has gathered speed.Change Inc has benefitted from this trend leading to a 65.7% YoY increase in the company’s FY09/2020 revenues and a 235.2% increase in operating income.

Change Inc (3962 JP)  offers IT human resource development training services in Japan. The company’s share price has more than quadrupled over the past 12-months to JPY3,420 per share from JPY805 per share a year ago. In this insight, we examine the company’s business model and its financials to understand what has caused the significant rally in the company’s share price.With the spread of COVID-19 in Japan, many companies have started shifting to working from home, whereby the digitisation of businesses has gathered speed.Change Inc has benefitted from this trend leading to a 65.7% YoY increase in the company’s FY09/2020 revenues and a 235.2% increase in operating income.

Change Inc: Digitisation of Public Enterprises in Japan to Drive Earnings