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

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Angelalign Technology IPO: No Misalignment

GSX TechEdu: China Fines Online Tutoring Apps for Making Misleading Claims; Is GSX Next?

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

Zhangmen Education / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/shanghai-zhangxiaomen-education-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:33383:1" rel="noopener">Zhangmen Education (ZME US)</a>  is an online education company focused on providing personalised courses to K-12 students in China. The company’s core course offerings include one-on-one and small-class after-school tutoring services that cover all K-12 academic subjects.According to Frost &amp; Sullivan, the company has been ranked the largest online K-12 one-on-one after-school tutoring service provider in China in terms of gross billings since 2017. The company had a 31.9% market share in 2020.Zhangmen has filed for an IPO to list its shares in the US and has a placeholder indication to raise about US$100m. According to news media outlets, the company is said to be looking to raise about US$300m.

Zhangmen Education (ZME US)  is an online education company focused on providing personalised courses to K-12 students in China. The company’s core course offerings include one-on-one and small-class after-school tutoring services that cover all K-12 academic subjects.According to Frost &amp; Sullivan, the company has been ranked the largest online K-12 one-on-one after-school tutoring service provider in China in terms of gross billings since 2017. The company had a 31.9% market share in 2020.Zhangmen has filed for an IPO to list its shares in the US and has a placeholder indication to raise about US$100m. According to news media outlets, the company is said to be looking to raise about US$300m.

Zhangmen Education IPO: Risks Outweigh the Very Few Positives