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

Yatsen Holding IPO: Expensive Valuation Does Not Reflect the Fundamentals

JD Health IPO: PHIP Data Re-Affirms Our Positive View on the Company

JD Health IPO: Attractive Even at High End on Cheapness and Gearing to Healthcare Transformation

JD Health Pre-IPO: Poised to Benefit from Structural Changes in Healthcare in China and the Pandemic

JD Health Pre-IPO: Peer Comparison Reveals JD Health’s Financials Are Stronger than Competition

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Jinke Smart Services IPO: Maintenance Secured

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

Yatsen Holding Ltd / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/yatsen-holding-ltd" target="_blank" data-smartkarma-citation="entities:29719:1" rel="noopener">Yatsen Holding (YSG US)</a> , the owner of the Perfect Diary cosmetic and skin-care brand in China has filed for an IPO to list its shares in the US and has a placeholder indication to raise US$100m.
The company has launched three cosmetic brands in China, Perfect Diary, Little Ondine and Abby’s Choice, and sells these products through third-party e-commerce platforms, offline experience stores and social and content platforms.
In this insight, we examine Yatsen’s business model, business segments, revenues and margins.

Yatsen Holding (YSG US) , the owner of the Perfect Diary cosmetic and skin-care brand in China has filed for an IPO to list its shares in the US and has a placeholder indication to raise US$100m.
The company has launched three cosmetic brands in China, Perfect Diary, Little Ondine and Abby’s Choice, and sells these products through third-party e-commerce platforms, offline experience stores and social and content platforms.
In this insight, we examine Yatsen’s business model, business segments, revenues and margins.

Yatsen IPO: Revenue Growth Comes at the Expense of Margins