Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

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

<p><a href="https://www.smartkarma.com/entities/change-inc" target="_blank" data-smartkarma-citation="entities:27414:1" rel="noopener">Change Inc (3962 JP)</a>  reported its 2QFY09/2021 results today where the company’s revenues increased 82% YoY while operating profit more than tripled to JPY701m compared to JPY156m in the same quarter a year ago. The strong performance for the quarter was primarily driven by the company’s Publitech business whose revenues grew more than 100% during the quarter.</p>

Change Inc (3962 JP)  reported its 2QFY09/2021 results today where the company’s revenues increased 82% YoY while operating profit more than tripled to JPY701m compared to JPY156m in the same quarter a year ago. The strong performance for the quarter was primarily driven by the company’s Publitech business whose revenues grew more than 100% during the quarter.

Change 2QFY21: PubliTech and M&A to Drive Earnings; Current Multiples Offer Good Buying Opportunity

Japan

SHIFT Inc. offers information technology outsourcing services. The Company provides outsourcing software testing services to corporations and individual clients. SHIFT also provides software solutions and consulting services, as well as educational classes and programs.

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Shift Inc (3697 JP)

Change 2QFY21: PubliTech and M&A to Drive Earnings; Current Multiples Offer Good Buying Opportunity

Change reported its 2QFY09/2021 results today where the company’s revenues increased 82% YoY while operating profit more than tripled to JPY701m...

Shifara Samsudeen, FCMA, CGMA

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