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

Yidu Tech IPO: Strong Top Line Growth; New Markets and Offerings Should Support Further Growth

IQIYI Placement: Searching for Additional Revenues Amidst Deepening Losses

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

Poppins IPO Valuation: Attractively Priced for a Growing Company

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

Poppins IPO: Well Positioned to Benefit from Japanese Demographic Trends

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

<a href="https://www.smartkarma.com/entities/netjoy" target="_blank" data-smartkarma-citation="entities:29729:1" rel="noopener">Netjoy (2131 HK)</a>  is a leading short video marketing solutions provider and an online content services provider focusing on pan-entertainment in China. According to iResearch, the company had a market share of 0.5% of the total revenue of the overall online marketing market in China in 2019 in terms of revenues.The company’s key customers include advertisers and ad agencies and the company has well-established relationships with the country’s largest short-video platforms including Douyin, Kuaishou, etc.The company has filed for an IPO to list its shares on the Hong Kong Stock Exchange and plans to raise net proceeds of HK$1.2bn (US$151m) at the midpoint of the IPO price range of HK$6.32 per share.

Netjoy (2131 HK)  is a leading short video marketing solutions provider and an online content services provider focusing on pan-entertainment in China. According to iResearch, the company had a market share of 0.5% of the total revenue of the overall online marketing market in China in 2019 in terms of revenues.The company’s key customers include advertisers and ad agencies and the company has well-established relationships with the country’s largest short-video platforms including Douyin, Kuaishou, etc.The company has filed for an IPO to list its shares on the Hong Kong Stock Exchange and plans to raise net proceeds of HK$1.2bn (US$151m) at the midpoint of the IPO price range of HK$6.32 per share.

Netjoy

Netjoy IPO Valuation: Stay Away