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

Money Forward Follow-On: Burning Cash to Grow Users to Reach Profits; Limited Upside

Recruit: Strong Performance of HR Tech Drives Earnings Beat; Shares Are Overvalued

Freee: Strong Finish to the Year; Top Line to Expand but Monetisation of New Services Delays Profits

CyberAgent 3Q: Recurring Strong Results Ease Concerns over Gaming Revenues; Guidance Revised Upwards

Hoya: Strong Demand for EUV Blanks/HDD Drives Better Than Expected 4QFY21 Results

Hoya – Conf Call Points to Positives for EUV and Negatives for Olympus’ Endoscope Business

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 its 1Q FY03/2022 results on July 29th where the company’s revenue grew 44.5% YoY whereas operating profits grew 47.2% YoY. The reported revenue beat consensus estimates by 8.3% while OP beat consensus estimates by 15.6%.After seeing decline in revenues for three consecutive quarters between 4Q FY03/2020 – 2Q FY03/2021 due to the impact of COVID-19, Hoya’s revenues have now started to recover. The growth in revenue has been primarily driven by recovery in revenue from Life Care segment that was severely impacted by the pandemic.

Hoya Corp (7741 JP)  reported its 1Q FY03/2022 results on July 29th where the company’s revenue grew 44.5% YoY whereas operating profits grew 47.2% YoY. The reported revenue beat consensus estimates by 8.3% while OP beat consensus estimates by 15.6%.After seeing decline in revenues for three consecutive quarters between 4Q FY03/2020 – 2Q FY03/2021 due to the impact of COVID-19, Hoya’s revenues have now started to recover. The growth in revenue has been primarily driven by recovery in revenue from Life Care segment that was severely impacted by the pandemic.

Hoya: Strengthening Life Care Business and Underperformance Vs. Lasertec Suggests Catch-Up Potential