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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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

<a href="https://www.smartkarma.com/entities/abbisko-cayman-limited" target="_blank" data-smartkarma-citation="entities:33511:1" rel="noopener">Abbisko Cayman (ABB HK)</a> is a clinical-stage biopharmaceutical company dedicated to the discovery and development of innovative and differentiated small molecule oncology therapies. The company now has a pipeline of 14 candidates with five of them at clinical stage. The company has filed for an IPO on the Hong Kong Stock Exchange and according to news media outlets, Abbisko plans to raise proceeds of US$250-300m.The company does not have any products approved for commercial sale and does not generate any revenues from product sales. There are a number of product candidates still under development by Abbisko and for most of these products, there are similar products (drugs that target the same condition/indication) that are currently being developed by other players in China. At the same time, for some of the product candidates that are under development, there are similar products that are approved in overseas markets such as pan-FGFR inhibitors approved by the FDA. This suggests that there is the possibility that by the time Abbisko’s products reach the market, the existing products that are already commercialised would have established themselves in the market . However, the small molecule oncology market continues to grow which provides Abbisko with strong growth opportunities.  The company also has a seasoned management team who have proven track record of drug discovery and development. The three co-founders of the company have contributed to several successful drug development and commercialisation programs and have previously worked at multinational pharmaceuticals.

Abbisko Cayman (ABB HK) is a clinical-stage biopharmaceutical company dedicated to the discovery and development of innovative and differentiated small molecule oncology therapies. The company now has a pipeline of 14 candidates with five of them at clinical stage. The company has filed for an IPO on the Hong Kong Stock Exchange and according to news media outlets, Abbisko plans to raise proceeds of US$250-300m.The company does not have any products approved for commercial sale and does not generate any revenues from product sales. There are a number of product candidates still under development by Abbisko and for most of these products, there are similar products (drugs that target the same condition/indication) that are currently being developed by other players in China. At the same time, for some of the product candidates that are under development, there are similar products that are approved in overseas markets such as pan-FGFR inhibitors approved by the FDA. This suggests that there is the possibility that by the time Abbisko’s products reach the market, the existing products that are already commercialised would have established themselves in the market . However, the small molecule oncology market continues to grow which provides Abbisko with strong growth opportunities.  The company also has a seasoned management team who have proven track record of drug discovery and development. The three co-founders of the company have contributed to several successful drug development and commercialisation programs and have previously worked at multinational pharmaceuticals.

Abbisko IPO: Some Products Show Good Potential but Too Early to Assess Their Success