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

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

Freee: Our 2021 Conviction Pick Grew 50% in 2QFY06/21 and That Should Continue

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

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

Apple: 1Q FY09/21 Earnings Set New All-Time Records

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/hoya-corp" target="_blank" data-smartkarma-citation="entities:8990:1" rel="noopener">Hoya Corp (7741 JP)</a> reported 3QFY03/21 results on Thursday (28th January) which saw revenues growing at a marginal 0.3% YoY while operating profits increased at a stellar 20.4% YoY during the quarter. The reported revenues and OP beat consensus estimates by 1.3% and 9.8% respectively.With the pandemic outbreak, Hoya’s revenues and operating profit declined YoY for three consecutive quarters, and YoY improvement in December quarter shows that the earnings are recovering. We discuss the details below.

Hoya Corp (7741 JP) reported 3QFY03/21 results on Thursday (28th January) which saw revenues growing at a marginal 0.3% YoY while operating profits increased at a stellar 20.4% YoY during the quarter. The reported revenues and OP beat consensus estimates by 1.3% and 9.8% respectively.With the pandemic outbreak, Hoya’s revenues and operating profit declined YoY for three consecutive quarters, and YoY improvement in December quarter shows that the earnings are recovering. We discuss the details below.

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