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

Vinfast: Stock Is in Free Fall; Still Expensive

ASEAN Fintech Unicorns: Serving the Unbanked and the Underbanked

Kuaishou 1Q2023: Upbeat Quarter with a Small Share Buyback

Tencent: Earnings Miss, Cost Controls Help Margins; Slowdown in Domestic Gaming Is Concerning

JD Health 1H2023: Reports Operating Profits; Margin Upside Is Very Limited

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

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<li>
<a href="https://www.smartkarma.com/entities/kuaishou-technology" target="_blank" data-smartkarma-citation="entities:29725:1" rel="noopener">Kuaishou Technology (1024 HK)</a> reported 2Q2023 results yesterday which beat consensus estimates. The company reported an OPM of 4.7% with net profits for the first time.</li>
<li>The company's domestic business continues to see improvement in operating profits while losses of the overseas business have reduced significantly over the last few quarters.</li>
<li>Though livestreaming growth has decelerated, the company's online marketing and e-commerce businesses continue to expand driving Kuaishou’s earnings.</li>
</ul>



Kuaishou Technology (1024 HK) reported 2Q2023 results yesterday which beat consensus estimates. The company reported an OPM of 4.7% with net profits for the first time.
The company's domestic business continues to see improvement in operating profits while losses of the overseas business have reduced significantly over the last few quarters.
Though livestreaming growth has decelerated, the company's online marketing and e-commerce businesses continue to expand driving Kuaishou’s earnings.


Kuaishou: Earnings Beat, Improved Profitability and Further Upside