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

Recruit Holdings: Recovery in HR Tech but Other Segments Still Struggling

TME: Strong 1Q Driven by Record Online Music User Adds; Shares Fall Amidst Regulatory Scrutiny

Baidu 1Q21: Post-Pandemic Recovery in Online Marketing and New Initiatives Drive Earnings Beat

M3: Robust FY03/2021 Earnings Driven by Pandemic; Shares Are Still Expensive Even After Recent Drop

IFast 1Q21 Results: Strong Earnings Momentum Continues

CyberAgent: Game Business Continues to Disappoint but Internet Ad and ABEMA Performs Steadily

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/cyberagent-inc" target="_blank" rel="noopener">Cyberagent Inc (4751 JP)</a> reported its 2QFY09/21 financial results after market closed on 28th. Both revenue and OP beat consensus by 14.6% and 114.7% respectively during the quarter.The company has revised its FY09/2021 forecasts upwards given that it has already reached its OP target for the year. Cyberagent’s gaming business released two new titles, which have allowed the company’s overall revenues and OP to hit an all-time high. The internet advertising business has also improved post-COVID and splitting ABEMA between its Free Business Unit and Premium Business Unit appears to have been a good move for the company.

Cyberagent Inc (4751 JP) reported its 2QFY09/21 financial results after market closed on 28th. Both revenue and OP beat consensus by 14.6% and 114.7% respectively during the quarter.The company has revised its FY09/2021 forecasts upwards given that it has already reached its OP target for the year. Cyberagent’s gaming business released two new titles, which have allowed the company’s overall revenues and OP to hit an all-time high. The internet advertising business has also improved post-COVID and splitting ABEMA between its Free Business Unit and Premium Business Unit appears to have been a good move for the company.

CyberAgent: Strong 2Q Results Driven by Gaming; Upward Revisions to Full-Year Forecasts

CyberAgent Inc

CyberAgent: Strong 2Q Results Driven by Gaming; Upward Revisions to Full-Year Forecasts