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

Cloud Village IPO: Peer Comparison and Valuation

Cloud Village IPO: Thoughts on First Day Trading

SenseTime Group IPO: Strong Top Line Growth but Profitability Remains a Concern

CV Vs TME: Improving Financials and Outspending TME on Content Cost - Reason for Absence of Profits

TME: Earnings Growth Slowing Down; Entertainment Under Pressure Due to Regulation and Competition

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cloud-village-inc" target="_blank" data-smartkarma-citation="entities:33412:1" rel="noopener">Cloud Village (CLV HK)</a> is a leading music streaming platform in China and the company is backed-by NetEase, one of the largest games and entertainment companies in China. </li>
<li>The company has received approval to raise about US$500m through its IPO and this insight focuses on the new data points from the revised PHIP filing.</li>
<li>During 2Q2021, the company’s revenues grew 50.5% YoY while operating losses declined to 21.0% of revenues compared to 32.1% in the same quarter last year.</li>
</ul>



Cloud Village (CLV HK) is a leading music streaming platform in China and the company is backed-by NetEase, one of the largest games and entertainment companies in China. 
The company has received approval to raise about US$500m through its IPO and this insight focuses on the new data points from the revised PHIP filing.
During 2Q2021, the company’s revenues grew 50.5% YoY while operating losses declined to 21.0% of revenues compared to 32.1% in the same quarter last year.


Cloud Village IPO (PHIP): Earnings Growth Slowing Down and Expect No Profits