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

SenseTime IPO: The US Plans to Put SenseTime on Investment Blacklist

Tencent Receives Approval for App Updates but Faces New Hurdles

SenseTime Relaunches IPO Without US Investors and Higher Cornerstone Funding from the State

Cloud Village IPO: Peer Comparison and Valuation

Tuya IPO Valuation: Market Leadership and China IoT Exposure Justify Expensive Multiples

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

SenseTime Group  / Equity Capital Markets

<ul>
<li>SenseTime is Asia’s largest AI software company and China’s largest computer vision software provider. The company has filed for an IPO to list on the Hong Kong Stock Exchange. </li>
<li>The “Smart City” and “Smart Business” segments together account for over 80% of revenues. The two segments have grown strongly over the past few years.   </li>
<li>China’s vision software industry has strong entry barriers and there is potential for SenseTime’s gross margins to improve. However, the company is yet to generate any operating profits.</li>
</ul>


SenseTime is Asia’s largest AI software company and China’s largest computer vision software provider. The company has filed for an IPO to list on the Hong Kong Stock Exchange. 
The “Smart City” and “Smart Business” segments together account for over 80% of revenues. The two segments have grown strongly over the past few years.   
China’s vision software industry has strong entry barriers and there is potential for SenseTime’s gross margins to improve. However, the company is yet to generate any operating profits.


SenseTime Group IPO: Strong Top Line Growth but Profitability Remains a Concern