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

TOPIX Inclusions: Who Is Ready (Dec 2023)

Quiddity Leaderboard CSI 300/​​500 Jun 24: 109 Flow Names; US$2.3bn One-Way

Quiddity Leaderboard SSE50/180 Jun 24: US$1bn+ Index Flows Possible

HRTech Sector Series: Market Continues to Evolve While Post Covid Growth Begins to Slow Down

Recruit Holdings: Weakening Job Markets and New Pricing Model to Impact HR Tech Further

HRTech Sector Series: Hybrid Work Models and Metaverse to See More Prominence in 2023

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/visional-inc" target="_blank" data-smartkarma-citation="entities:32977:1" rel="noopener">Visional (4194 JP)</a>'s 4QFY07/23 revenue missed consensus by 0.2% despite revenues increasing 22.1% YoY to 14.73bn. Operating profit beat consensus by a huge margin of 21%.</li>
<li>Though revenue growth has slowed down, BizReach has maintained its steady performance while HRMOS continues to see strong growth with significant reduction in operating losses.</li>
<li>The company’s share price moved up by more than 5% following its earnings announcement and Visional remains our top pick in the Japanese HR space.</li>
</ul>



Visional (4194 JP)'s 4QFY07/23 revenue missed consensus by 0.2% despite revenues increasing 22.1% YoY to 14.73bn. Operating profit beat consensus by a huge margin of 21%.
Though revenue growth has slowed down, BizReach has maintained its steady performance while HRMOS continues to see strong growth with significant reduction in operating losses.
The company’s share price moved up by more than 5% following its earnings announcement and Visional remains our top pick in the Japanese HR space.


Visional

Visional: Steady Performance