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

Waterdrop IPO: Attractive at the Lower End of the IPO Pricing

Ximalaya IPO: Diversified Revenue Channels with Further Potential to Monetise Users and Content

Ximalaya IPO Preview - Creating the Joe Rogans of China

Waterdrop IPO: Combining Insurance Brokerage with Charity

JD Logistics IPO: Expanding External Customer Base Supports Top Line Growth and GPM Expansion

JD Logistics IPO: Margin Improvement Likely with Expanding External Revenues and Falling Costs

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

We Doctor Pre-IPO: Growing Scale and Expanding Revenues to Help Reach Profits

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

<a href="https://www.smartkarma.com/entities/jd-logistics" target="_blank" data-smartkarma-citation="entities:31500:1" rel="noopener">JD Logistics (JDL HK)</a> , the delivery arm of China’s second largest e-commerce platform JD.com has filed for an IPO to list its shares on the Hong Kong Stock Exchange. According to news media outlets, JD Logistics is looking to raise about US$3-4bn through the IPO.The company has won the approval for its HKEX listing and released its post-hearing information pack (PHIP) on Sunday (02nd May) and this insight focuses on the company’s new data points from the PHIP.In our previous two insights on JD logistics’ IPO, we examined the company’s business model, revenue and margins. Read our previous insights:<a href="https://www.smartkarma.com/insights/jd-logistics-ipo-expanding-external-customer-base-supports-top-line-growth-and-gpm-expansion" target="_blank" data-smartkarma-citation="insights:48526" rel="noopener">JD Logistics IPO: Expanding External Customer Base Supports Top Line Growth and GPM Expansion</a> <a href="https://www.smartkarma.com/insights/jd-logistics-ipo-margin-improvement-likely-with-expanding-external-revenues-and-falling-costs" target="_blank" data-smartkarma-citation="insights:48764" rel="noopener">JD Logistics IPO: Margin Improvement Likely with Expanding External Revenues and Falling Costs</a>

JD Logistics (JDL HK) , the delivery arm of China’s second largest e-commerce platform JD.com has filed for an IPO to list its shares on the Hong Kong Stock Exchange. According to news media outlets, JD Logistics is looking to raise about US$3-4bn through the IPO.The company has won the approval for its HKEX listing and released its post-hearing information pack (PHIP) on Sunday (02nd May) and this insight focuses on the company’s new data points from the PHIP.In our previous two insights on JD logistics’ IPO, we examined the company’s business model, revenue and margins. Read our previous insights:JD Logistics IPO: Expanding External Customer Base Supports Top Line Growth and GPM Expansion JD Logistics IPO: Margin Improvement Likely with Expanding External Revenues and Falling Costs 

JD Logistics: Investment for Growth to Hurt Margins in the Medium-Term but Key to Long-Term Profits