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 4Q: Solid Performance Across All Businesses Despite Ongoing Regulatory Concerns

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

Huya – Looking Attractive Now Regardless of Merger Outcome

Zhihu IPO Valuation: Attractive at the Lower End of the IPO Pricing

Freee Secondary Offering: Recent Drop in Multiples Offer a Good Entry

Bairong IPO Valuation: Appealing Valuation

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

<a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a>  reported its 4Q2020 results on Wednesday (24th March 2021) which saw revenues growing 24.8% YoY while the reported operating profit more than tripled during the quarter.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/196/833/original/image_54254222321616606696546.png?1616606699" class="editor-image img-responsive" data-smartkarma-image-id="196833"></figure>Source: Company disclosuresThe reported revenue for 2020 was 1.5% below consensus forecasts while Xiaomi’s OP for full-year 2020 beat consensus estimates by 67.2%.

Xiaomi Corp (1810 HK)  reported its 4Q2020 results on Wednesday (24th March 2021) which saw revenues growing 24.8% YoY while the reported operating profit more than tripled during the quarter.Source: Company disclosuresThe reported revenue for 2020 was 1.5% below consensus forecasts while Xiaomi’s OP for full-year 2020 beat consensus estimates by 67.2%.

Xiaomi 4Q: Revenues Surge as Huawei Struggles but a Chip Shortage Could Hurt Top Line and Margins