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

Kingsoft Cloud: Thoughts on HK Dual Primary Listing

Tencent: Excluded from 4th Batch of Game Approvals; Domestic Game Revenue to Drop Further

Chongqing Hongjiu Fruit IPO: Not Very Fruitful

Are Didi’s Regulatory Troubles Finally Over with a US$1.2bn Fine?

Meituan Shuts Community Group Buying in Beijing – A Late Realisation That Profits Are Not Easy

Meituan – Omicron Impact Was Not as Big in 1Q but 2Q Will Have the Full Impact

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

<ul>
<li>Several news media outlets reported that <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a>  Ele.me and other food delivery platforms were summoned over food safety problems as well as price war among them.</li>
<li>Food delivery platforms are ordered to strictly follow food safety management responsibilities and also prevent price wars that disrupt the market order.</li>
<li>Though the anti-trust fine of RMB3.44bn was thought to be the end of an almost year long regulatory crackdown on Meituan, it seems that this is far from over.</li>
</ul>


Several news media outlets reported that Meituan (3690 HK)  Ele.me and other food delivery platforms were summoned over food safety problems as well as price war among them.
Food delivery platforms are ordered to strictly follow food safety management responsibilities and also prevent price wars that disrupt the market order.
Though the anti-trust fine of RMB3.44bn was thought to be the end of an almost year long regulatory crackdown on Meituan, it seems that this is far from over.


Meituan – Regulators Now Probing on Food Safety; Anti-Monopoly Crackdown Is Not Over Yet