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

Paytm IPO: More Expensive than Global Payment Giants and SOTP Suggests More Than 40% Discount

Paytm IPO: Multiple Revenue Channels but Profitability Is a Tall Order

MicroPort MedBot IPO: Forecasts, Peer Comparison and Valuation

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

<a href="https://www.smartkarma.com/entities/paytm-mobile-solutions-pvt-ltd" target="_blank" data-smartkarma-citation="entities:26149:1" rel="noopener">Paytm (PAYTM IN)</a> is India’s largest digital ecosystem for consumers and merchants. The company offers payment services, commerce and cloud services and financial services. The company’s IPO application has been approved by SEBI and the much-awaited IPO will open on the 08th of November. Paytm plans to raise INR183bn through the issuance of a mix of new shares (INR83bn) and existing shares (INR100bn).We discussed the company’s business model, segments, outlook and its financials in our previous insight and this insight focuses on the latest data points (1QFY03/2022 results) from the company’s updated Red Herring prospectus.Read our previous insight:<a href="https://www.smartkarma.com/insights/paytm-ipo-multiple-revenue-channels-but-profitability-is-a-tall-order" target="_blank" data-smartkarma-citation="insights:55069" rel="noopener">Paytm IPO: Multiple Revenue Channels but Profitability Is a Tall Order</a>

Paytm (PAYTM IN) is India’s largest digital ecosystem for consumers and merchants. The company offers payment services, commerce and cloud services and financial services. The company’s IPO application has been approved by SEBI and the much-awaited IPO will open on the 08th of November. Paytm plans to raise INR183bn through the issuance of a mix of new shares (INR83bn) and existing shares (INR100bn).We discussed the company’s business model, segments, outlook and its financials in our previous insight and this insight focuses on the latest data points (1QFY03/2022 results) from the company’s updated Red Herring prospectus.Read our previous insight:Paytm IPO: Multiple Revenue Channels but Profitability Is a Tall Order 

Paytm IPO: Red Herring Updates Reveal Improved Financials in 1Q but Concerns Remain