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

Money Forward: SAAS Model Begins to Take-Off but Interpret 1Q Results with Caution

Freee: Strong User Growth and Improvement in Profitability; Shares Are a Lot Cheaper

Conviction Call Recruit: All Good Things Must Come to an End

Shift: Strong Earnings Momentum to Continue with Expanding Software Testing into Metaverse Market

Shift Inc: Key Beneficiary of Shift in Software Testing Towards Outsourcing in Japan

Shift 4Q: Growth Story Is Getting Stronger

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>
<a href="https://www.smartkarma.com/entities/shift-inc" target="_blank" data-smartkarma-citation="entities:7266:1" rel="noopener">Shift Inc (3697 JP)</a> reported 2QFY08/2022 results last week. Revenue grew 43.5% YoY to JPY15.6bn (vs consensus JPY15.2bn) while OP 99.2% YoY to JPY1.9bn (vs consensus JPY1.1bn).</li>
<li>Both enterprise and entertainment markets saw strong growth in revenue while GPM of enterprise biz further expanded during the quarter.</li>
<li>Shift’s share price has moved up by about 16% since its results announcement and we think there is further upside.</li>
</ul>



Shift Inc (3697 JP) reported 2QFY08/2022 results last week. Revenue grew 43.5% YoY to JPY15.6bn (vs consensus JPY15.2bn) while OP 99.2% YoY to JPY1.9bn (vs consensus JPY1.1bn).
Both enterprise and entertainment markets saw strong growth in revenue while GPM of enterprise biz further expanded during the quarter.
Shift’s share price has moved up by about 16% since its results announcement and we think there is further upside.


Shift 2Q Results: Earnings Beat with Further Upgrade to Full-Year Guidance