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

Grab: Almost No Price Reaction to a So-Called Strong Set of Results as There Is Much to Prove

GoTo: Long-Term Profitability Is Worrying

Grab: Earnings Beat Estimates but No Meaningful Improvement Yet

Tencent: Added Pressure with Declining Game Industry and Challenging Macroeconomy

GoTo: Lock-Up Expiry and a Coordinated Secondary Offering – Further Downside to Share Price Likely

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

GoTo Gojek Tokopedia Tbk PT / Equity Bottom-Up

<ul>
<li>Bloomberg reported on Friday that <a href="https://www.smartkarma.com/entities/goto-gojek-tokopedia" target="_blank" data-smartkarma-citation="entities:25976:1" rel="noopener">GoTo (GOTO IJ)</a> is planning to cut more than 1k jobs across all its divisions to cutdown its costs and improve its financials.</li>
<li>Though GoTo’s top line has continued to expand, the company continues to burn cash and the losses have further widened during the recent quarters.</li>
<li>GoTo’s shares rose 11.7% during Friday's trade, however, share price is still down by about 45%  from the company’s IPO price.</li>
</ul>


Bloomberg reported on Friday that GoTo (GOTO IJ) is planning to cut more than 1k jobs across all its divisions to cutdown its costs and improve its financials.
Though GoTo’s top line has continued to expand, the company continues to burn cash and the losses have further widened during the recent quarters.
GoTo’s shares rose 11.7% during Friday's trade, however, share price is still down by about 45%  from the company’s IPO price.


GoTo: Large Job Cuts to Improve Financials?