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

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.

Event-Driven

<p>Reuters reported yesterday (25<sup>th</sup> November 2019) that a consortium led by Japan’s Mitsubishi Corporation has agreed to purchase the Dutch Energy company Eneco for a value of EUR4.1bn (USD4.52bn). The news was later confirmed by all three parties involved, Eneco, Mitsubishi Corporation and Chubu Electric. Eneco is currently owned by 44 Dutch municipalities and under the terms of the deal, Mitsubishi will own 80% of Eneco while its partner Chubu Electric will own the remaining 20%. The deal which is approved by Eneco’s board must be approved by Eneco’s municipal shareholders and most likely will get approval by next year. According to Eneco, the two Japanese companies will help strengthen Eneco’s sustainable energy strategy and allow it to further expand internationally. On the other hand, the partnership will allow both Mitsubishi and Chubu Electric to expand their energy initiatives in Europe and also to develop new products and services related to energy management. At the same time, it might give both Mitsubishi Corporation and Chubu Electric better green credentials and help them acquire or participate in other renewable projects too.</p>

Reuters reported yesterday (25th November 2019) that a consortium led by Japan’s Mitsubishi Corporation has agreed to purchase the Dutch Energy company Eneco for a value of EUR4.1bn (USD4.52bn). The news was later confirmed by all three parties involved, Eneco, Mitsubishi Corporation and Chubu Electric. Eneco is currently owned by 44 Dutch municipalities and under the terms of the deal, Mitsubishi will own 80% of Eneco while its partner Chubu Electric will own the remaining 20%. The deal which is approved by Eneco’s board must be approved by Eneco’s municipal shareholders and most likely will get approval by next year. According to Eneco, the two Japanese companies will help strengthen Eneco’s sustainable energy strategy and allow it to further expand internationally. On the other hand, the partnership will allow both Mitsubishi and Chubu Electric to expand their energy initiatives in Europe and also to develop new products and services related to energy management. At the same time, it might give both Mitsubishi Corporation and Chubu Electric better green credentials and help them acquire or participate in other renewable projects too.

Mitsubishi Corp and Partner Chubu Electric to Buy Dutch Power Firm Eneco