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

Blue Moon IPO: More Expensive than Multinational Household Care Players Even at Low-End of Pricing

Poppins IPO Valuation: Attractively Priced for a Growing Company

Pop Mart IPO Valuation: Rich Multiples but Superior Growth Profile Justifies the Premium

Yatsen IPO: Revenue Growth Comes at the Expense of Margins

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

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

17 Edu & Tech IPO Valuation: Fairly Valued at the Lower End of the IPO Pricing

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

<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> , the Chinese short-video and livestreaming platform 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 insight on the company’s IPO, we examined the company’s business model, the industry and the revenue channels. The company generates a majority of its revenues from live streaming (through virtual gifting) however, online marketing services and other services (e-commerce and other services) have been growing at higher rates over the last two years which we believe should drive future growth for Kuaishou.In this insight, we deep dive into the company’s revenues and key performance indicators for its business segments. We will be examining the company’s margins and balance sheet in a follow-up insight.

Beijing Kuaishou Technology Co Ltd (1496219D CH) , the Chinese short-video and livestreaming platform 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 insight on the company’s IPO, we examined the company’s business model, the industry and the revenue channels. The company generates a majority of its revenues from live streaming (through virtual gifting) however, online marketing services and other services (e-commerce and other services) have been growing at higher rates over the last two years which we believe should drive future growth for Kuaishou.In this insight, we deep dive into the company’s revenues and key performance indicators for its business segments. We will be examining the company’s margins and balance sheet in a follow-up insight.

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