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

Hoya 3Q Results: Earnings Beat Consensus and Point to Recovery Ahead

M3 3Q Results: Strong Growth in Earnings Driven by Medical and Overseas Businesses

Joinn Laboratories IPO: Pioneer of Commercial GLP Laboratories in China Shows Promise

IFast 3Q2020 Results: Strong Earnings Momentum to Continue with New Business Initiatives

Hoya 1Q Results: Another Quarter Impacted by the Pandemic but Recovery Is Ahead

Hoya 4Q Results: Temporary Drop in Lifecare Revenues; EUV Blanks/HDD Deliver Excellent Results

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Lufax IPO Valuation: The Risk-Reward Profile Does Not Justify the Premium

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/hoya-corp" target="_blank" data-smartkarma-citation="entities:8990:1" rel="noopener">Hoya Corp (7741 JP)</a>  reported its 2QFY03/2021 results on Tuesday (27th October) which saw both revenues and operating profits declining YoY by 9% and 4% respectively. The reported revenue was 1% higher than consensus estimates while OP beat consensus estimates by a large margin of 15.4%.The reported revenue was 3.4% higher than the company’s own guidance which called for revenues of JPY135.7bn for 2QFY03/2021. The company’s earnings were impacted for a third quarter due to the Covid-19 outbreak, 2QFY03/2021 results show that the severity of the virus outbreak has declined.Hoya also announced a JPY4bn share buyback which will run from 28th October to 20th January 2021.

Hoya Corp (7741 JP)  reported its 2QFY03/2021 results on Tuesday (27th October) which saw both revenues and operating profits declining YoY by 9% and 4% respectively. The reported revenue was 1% higher than consensus estimates while OP beat consensus estimates by a large margin of 15.4%.The reported revenue was 3.4% higher than the company’s own guidance which called for revenues of JPY135.7bn for 2QFY03/2021. The company’s earnings were impacted for a third quarter due to the Covid-19 outbreak, 2QFY03/2021 results show that the severity of the virus outbreak has declined.Hoya also announced a JPY4bn share buyback which will run from 28th October to 20th January 2021.

Hoya 2Q Results: Earnings Decline Ameliorates and There Is a Small Buyback