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Equity Analyst, LightStream Research

Supun Walpola

Equity Analyst

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

Kingdee International Software / Equity Bottom-Up

<p>We believe that the market may have overlooked <a href="https://www.smartkarma.com/entities/kingdee-international-sftwr" target="_blank" data-smartkarma-citation="entities:37:1" rel="noopener">Kingdee International Software (268 HK)</a>’s prospects on the grounds that growth in its cloud business would cannibalise its traditional software business. However, recent disclosure seems to suggest that the demand for cloud services is coming from new customers rather than its existing ones.</p>

We believe that the market may have overlooked Kingdee International Software (268 HK)’s prospects on the grounds that growth in its cloud business would cannibalise its traditional software business. However, recent disclosure seems to suggest that the demand for cloud services is coming from new customers rather than its existing ones.

Kingdee: Cloud Growth Is Strong and It’s Coming From New Customers