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

IQIYI Valuation: Netflix of China Seems Overvalued; No Growth Without Sacrificing Profits

Yidu Tech IPO Valuation: Attractive at the Low-End but Superior Growth Profile Justifies the Premium

Yidu Tech IPO: Seems to Have a Clear Path to Profits

Kuaishou IPO: Advertising and E-Commerce Businesses to Drive Future Growth

Kuaishou Pre-IPO: Strengthening Top Line and Ample Monetisation Opportunities

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

IQIYI Placement: Searching for Additional Revenues Amidst Deepening Losses

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

Kuaishou Technology / Equity Capital Markets

The Chinese short-video and livestreaming platform <a href="https://www.smartkarma.com/entities/beijing-kuaishou-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29725:1" rel="noopener">Beijing Kuaishou Technology Co Ltd (1496219D CH)</a>  has filed for an IPO to list its shares on the Hong Kong Stock Exchange. The company aims to raise up to US$5bn at a rumoured valuation of over US$50bn.In our previous insights on the company’s IPO, we examined Kuaishou’s business model, industry, segments and its revenues. Refer the extract below from our previous insight on the company’s revenue analysis:<div class="content-highlight">Given the livestreaming and video-based social platforms offer large monetisation opportunities for video content sharing platforms such as Kuaishou, we expect the company’s top line to continue benefit from the positive trend in the industry. The company has already ventured into several other areas to bring in revenues such as online games, e-commerce, creation of learning content, etc. We believe Kuaishou will continue to find new avenues to expand its revenue base and we expect online marketing services, e-commerce and other new businesses to drive Kuaishou’s future revenues.</div>In this insight, we take a look at the company’s cost structure and margins.

The Chinese short-video and livestreaming platform Beijing Kuaishou Technology Co Ltd (1496219D CH)  has filed for an IPO to list its shares on the Hong Kong Stock Exchange. The company aims to raise up to US$5bn at a rumoured valuation of over US$50bn.In our previous insights on the company’s IPO, we examined Kuaishou’s business model, industry, segments and its revenues. Refer the extract below from our previous insight on the company’s revenue analysis:Given the livestreaming and video-based social platforms offer large monetisation opportunities for video content sharing platforms such as Kuaishou, we expect the company’s top line to continue benefit from the positive trend in the industry. The company has already ventured into several other areas to bring in revenues such as online games, e-commerce, creation of learning content, etc. We believe Kuaishou will continue to find new avenues to expand its revenue base and we expect online marketing services, e-commerce and other new businesses to drive Kuaishou’s future revenues.In this insight, we take a look at the company’s cost structure and margins.

Kuaishou IPO: Stable Profits Seem Possible with Cost Discipline and Expanding Revenues