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

CARsgen Therapeutics IPO: Limited Upside as Most Drug Candidates Are in Phase I Studies

AiHuiShou International IPO: Hand-Me-Down

Kanzhun IPO: Thoughts on First Day Trading

CARSgen Therapeutics IPO: Catalyzing Cancer Therapies

Full Truck Alliance IPO: In Early Stage of Monetisation

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 Capital Markets

<p>The Chinese online recruitment platform <a href="https://www.smartkarma.com/entities/kanzhun-ltd" target="_blank" data-smartkarma-citation="entities:33368:1" rel="noopener">Kanzhun (BZ US)</a>  has announced the indicative price range for its IPO at US$17-19 per ADS. The company plans to issue approx. 48m ADS’ and each ADS represents two ordinary shares of the company. At the midpoint of the IPO price range of US$18 per ADS, Kanzhun will raise net proceeds of US$817.2m at a market capitalisation of US$7.2bn and a post-money EV of US$5.62bn.</p><p>In our previous insight, we examined Kanzhun’s business model and its financials and concluded that the company’s revenues will continue to see strong growth and at the same time, we expect the company’s profitability to improve going forward.</p>

The Chinese online recruitment platform Kanzhun (BZ US)  has announced the indicative price range for its IPO at US$17-19 per ADS. The company plans to issue approx. 48m ADS’ and each ADS represents two ordinary shares of the company. At the midpoint of the IPO price range of US$18 per ADS, Kanzhun will raise net proceeds of US$817.2m at a market capitalisation of US$7.2bn and a post-money EV of US$5.62bn.In our previous insight, we examined Kanzhun’s business model and its financials and concluded that the company’s revenues will continue to see strong growth and at the same time, we expect the company’s profitability to improve going forward.

Kanzhun IPO: Peer Comparison and Valuation