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

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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

<ul>
<li>The Italian luxury yacht maker, <a href="https://www.smartkarma.com/entities/ferretti-spa" target="_blank" data-smartkarma-citation="entities:28335:1" rel="noopener">Ferretti SpA (FER IM)</a> , has filed for an IPO on the Hong Kong Stock Exchange and plans to raise net proceeds of around US$272m.</li>
<li>The company previously filed for an IPO in Milan in 2019 targeting a market value of around EUR1.8bn (US$1.2bn), which was scrapped claiming a “weak market”.</li>
<li>Ferretti’s revenues suffered with COVID-19 and ongoing issues such as the Ukraine-Russia war and China-US trade tensions would only put further pressure on the company.</li>
</ul>


The Italian luxury yacht maker, Ferretti SpA (FER IM) , has filed for an IPO on the Hong Kong Stock Exchange and plans to raise net proceeds of around US$272m.
The company previously filed for an IPO in Milan in 2019 targeting a market value of around EUR1.8bn (US$1.2bn), which was scrapped claiming a “weak market”.
Ferretti’s revenues suffered with COVID-19 and ongoing issues such as the Ukraine-Russia war and China-US trade tensions would only put further pressure on the company.


Ferretti IPO: Things Have Gotten Worse Since Previous Attempt to List in Milan