Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, 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

New Horizon Health IPO Trading Update: A Blockbuster IPO but It’s Time You Plan an Exit Strategy

SciClone Pharmaceuticals IPO Valuation: Not Pleasing

Cheerwin Group IPO: Doing Its Best to Innovate, Diversify and Grow in a Mature Market

New Horizon Health IPO Valuation: Healthy Valuation

Bilibili Vs Huya:Strong Top Line Growth; Outspending Huya on Marketing-Reason for Absence of Profits

Kuaishou IPO: Broadly Outperforming Peers; Profits Should Materialise as Sales and Marketing Falls

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

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">Kuaishou Technology (1024 HK)</a>  started trading on the Hong Kong Stock Exchange on the 05th February 2021. The company set its final IPO pricing at HK$115 per share, the upper end of the IPO price range of HK$105-115 per share and raised net proceeds of HK$41.28bn (approx. 5.32bn).Kuaishou’s shares opened strong at its debut at HK$338 per share, about 194% higher than the final IPO pricing of HK$115 per share. The company’s shares closed at HK$300 per share at the end of its first day of trading, still at a whopping premium of 161% to the final IPO price. The company’s shares closed at HK$415 per share (at the end of Wednesday’s trading), almost HK$300 more than the IPO price of HK$115 per share.Following the company’s successful listing on 5th of February, FTSE Russell announced that Kuaishou will be added to FTSE China 50 Index effective 17th February 2021 (start of trading).At the end of trading on 8th February, it was announced that the company will be included in the Hang Seng China Enterprise Index (HSCEI), Hang Seng Tech Index (HSTECH Index) and Hang Seng Composite Index (HSCI) after market close on February 22nd.

The Chinese short-video and livestreaming platform Kuaishou Technology (1024 HK)  started trading on the Hong Kong Stock Exchange on the 05th February 2021. The company set its final IPO pricing at HK$115 per share, the upper end of the IPO price range of HK$105-115 per share and raised net proceeds of HK$41.28bn (approx. 5.32bn).Kuaishou’s shares opened strong at its debut at HK$338 per share, about 194% higher than the final IPO pricing of HK$115 per share. The company’s shares closed at HK$300 per share at the end of its first day of trading, still at a whopping premium of 161% to the final IPO price. The company’s shares closed at HK$415 per share (at the end of Wednesday’s trading), almost HK$300 more than the IPO price of HK$115 per share.Following the company’s successful listing on 5th of February, FTSE Russell announced that Kuaishou will be added to FTSE China 50 Index effective 17th February 2021 (start of trading).At the end of trading on 8th February, it was announced that the company will be included in the Hang Seng China Enterprise Index (HSCEI), Hang Seng Tech Index (HSTECH Index) and Hang Seng Composite Index (HSCI) after market close on February 22nd.

Kuaishou IPO Trading Update: Further Upside Seems Limited; We Are Looking for Exit Points