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

Didi IPO: Forecasts, Peer Comparison and Valuation

DiDi Chuxing: MSCI & FTSE Index Fast Entry

Pre-IPO ESG Analysis: DiDi's Exemplary ESG Achievements Eclipsed By Regulatory Risks and Uncertainty

Kanzhun IPO: Peer Comparison and Valuation

Full Truck Alliance IPO: Peer Comparison and Valuation

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 Capital Markets

It was reported by several news media outlets today that the China’s State Administration for Market Regulation (SAMR) has launched a probe on ride hailing giant <a href="https://www.smartkarma.com/entities/didi-chuxing-inc" target="_blank" data-smartkarma-citation="entities:27467:1" rel="noopener">DiDi Chuxing (DIDI US)</a>  as the company prepares for its long-awaited public listing in the US. The antitrust investigation will focus on whether Didi used any unfair competitive practices to eliminate small rivals out of the market. The SAMR is also investigating whether the pricing mechanism used by Didi’s core ride-hailing business (China Mobility segment) is transparent enough.China’s competition regulator, the State Administration for Market Regulation (SAMR) formally approved the draft anti-monopoly law released in November 2020 to further tighten restrictions on the country’s tech giants.It all began when SAMR launched a probe on <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba Group (BABA US)</a> over its suspected monopolistic practices in December last year. The investigation on <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba Group (BABA US)</a> was concluded on 10th April and the company was fined RMB18.2bn for breaching anti-monopoly rules where investigations revealed that <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba Group (BABA US)</a> was abusing its market dominance to prevent other merchants from using other platforms since 2015. Now the focus is shifting away from <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba Group (BABA US)</a> to other internet stocks in the country including <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> , <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a>  and <a href="https://www.smartkarma.com/entities/didi-chuxing-inc" target="_blank" data-smartkarma-citation="entities:27467:1" rel="noopener">DiDi Chuxing (DIDI US)</a> .

It was reported by several news media outlets today that the China’s State Administration for Market Regulation (SAMR) has launched a probe on ride hailing giant DiDi Chuxing (DIDI US)  as the company prepares for its long-awaited public listing in the US. The antitrust investigation will focus on whether Didi used any unfair competitive practices to eliminate small rivals out of the market. The SAMR is also investigating whether the pricing mechanism used by Didi’s core ride-hailing business (China Mobility segment) is transparent enough.China’s competition regulator, the State Administration for Market Regulation (SAMR) formally approved the draft anti-monopoly law released in November 2020 to further tighten restrictions on the country’s tech giants.It all began when SAMR launched a probe on Alibaba Group (BABA US) over its suspected monopolistic practices in December last year. The investigation on Alibaba Group (BABA US) was concluded on 10th April and the company was fined RMB18.2bn for breaching anti-monopoly rules where investigations revealed that Alibaba Group (BABA US) was abusing its market dominance to prevent other merchants from using other platforms since 2015. Now the focus is shifting away from Alibaba Group (BABA US) to other internet stocks in the country including Tencent (700 HK) , Meituan (3690 HK)  and DiDi Chuxing (DIDI US) .

Didi IPO: China Launches Probe as Didi Prepares for US Listing

DiDi Global

Didi IPO: China Launches Probe as Didi Prepares for US Listing