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

Hello IPO: Huge Fixed Cost for Bike Sharing Eating into Margins (Quantamental)

JD Logistics: Investment for Growth to Hurt Margins in the Medium-Term but Key to Long-Term Profits

Waterdrop IPO: Attractive at the Lower End of the IPO Pricing

Grab: SOTP Suggests Steep Discount to Proposed SPAC Valuation

Tencent: Only Fintech Restructuring or Losing the Edge on WeChat User Data?

We Doctor Pre-IPO: Growing Scale and Expanding Revenues to Help Reach Profits

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

<p><a href="https://www.smartkarma.com/entities/waterdrop-inc" target="_blank" data-smartkarma-citation="entities:33018:1" rel="noopener">Waterdrop Inc (WDH US)</a> , a leading technology platform dedicated to insurance and healthcare service in China has filed for an IPO in the US and has a placeholder indication to raise about US$100m.</p><p>According to iResearch, Waterdrop was ranked the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums (FYP) distributed in 2020. Though China’s insurance market has seen robust growth during the last few years, the insurance penetration in the country is still substantially lower than those in developed markets.</p>

Waterdrop Inc (WDH US) , a leading technology platform dedicated to insurance and healthcare service in China has filed for an IPO in the US and has a placeholder indication to raise about US$100m.According to iResearch, Waterdrop was ranked the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums (FYP) distributed in 2020. Though China’s insurance market has seen robust growth during the last few years, the insurance penetration in the country is still substantially lower than those in developed markets.

Waterdrop IPO: Combining Insurance Brokerage with Charity