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

Meituan Posts Biggest Ever Operating Losses Due to Antitrust Fine

Tencent: Earnings Weakness Beginning to Show Up

TME: Earnings Growth Slowing Down; Entertainment Under Pressure Due to Regulation and Competition

Riot Games – Arcane Topples Squid Game and Wave’s Virtual Justin Bieber

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>Several news media outlets report that Tencent should get prior approval for all of its new apps and updates from government before they are uploaded to app stores and platforms.</li>
<li>The move comes after several apps were found to have violated user rights and as per the new mandate, Tencent is required to submit new apps and updates for inspection.</li>
<li>Nikkei also reported that a high-ranking official has suggested that platforms which possess personal data should return around 20-30% of revenue as ‘Data Tax’ for common prosperity.</li>
</ul>


Several news media outlets report that Tencent should get prior approval for all of its new apps and updates from government before they are uploaded to app stores and platforms.
The move comes after several apps were found to have violated user rights and as per the new mandate, Tencent is required to submit new apps and updates for inspection.
Nikkei also reported that a high-ranking official has suggested that platforms which possess personal data should return around 20-30% of revenue as ‘Data Tax’ for common prosperity.


Tencent

Tencent: The Chasing Continues..