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

Tencent – Do Epic Games and Riot Get Sold?

Didi: China Mobility Top Line Falls and Losses Widen as App Ban Hits Hard

Tencent: Is More Fintech Restructuring On Its Way?

Meituan Fined RMB3.44bn; Expect Short-Term Gains with Positive Shift in Sentiment

Tencent Receives Approval for App Updates but Faces New Hurdles

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.

Event-Driven

<ul>
<li>Tencent announced today that its board of directors has resolved to declare a special dividend by way of a distribution of its Class A ordinary shares of JD.com. </li>
<li>There is increased speculation that there is more divestments to come that including Tencent’s stakes in Meituan, Kuaishou and Pinduoduo.</li>
<li>Tencent’s shares are up 4.3% from yesterday’s close following the announcement while JD.com is 7.1% down from its previous close.</li>
</ul>


Tencent announced today that its board of directors has resolved to declare a special dividend by way of a distribution of its Class A ordinary shares of JD.com. 
There is increased speculation that there is more divestments to come that including Tencent’s stakes in Meituan, Kuaishou and Pinduoduo.
Tencent’s shares are up 4.3% from yesterday’s close following the announcement while JD.com is 7.1% down from its previous close.


Tencent’s Special Dividend: Is It a Sign the Walled Gardens Are Coming Down?