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

Meituan: Scaling Back Ride-Hailing Business to Maintain Margins

Techtronic Industries: Jehoshaphat Research’s Allegations and Our Assessment

Techtronic’s Rebuttal: Some Clarifications Are Too Good to Be True

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zkh-group" target="_blank" data-smartkarma-citation="entities:36818:1" rel="noopener">ZKH Group (ZKH US)</a> is a leading MRO procurement service platform in China offering digital and fulfilment solutions for participants in the industry value chain.</li>
<li>The company has filed for an IPO to list its shares in the US and plans to raise about US$200-300m through the IPO.</li>
<li>Having analyzed the limited information available, we are indifferent on ZKH’s operating performance and would only recommend if shares are priced attractively</li>
</ul>



ZKH Group (ZKH US) is a leading MRO procurement service platform in China offering digital and fulfilment solutions for participants in the industry value chain.
The company has filed for an IPO to list its shares in the US and plans to raise about US$200-300m through the IPO.
Having analyzed the limited information available, we are indifferent on ZKH’s operating performance and would only recommend if shares are priced attractively


ZKH Group

ZKH IPO: Neither Good nor Bad