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

Change Follow-On Offering: Worth Subscribing For

Change Inc: Digitisation of Public Enterprises in Japan to Drive Earnings

Freee 3Q Results: Strong Earnings Momentum Continues; Recent Drop in Multiples Offer a Good Entry

JD Logistics IPO: Financial Forecasts and Initial Thoughts on Rumoured US$40.0bn Valuation

JD Logistics: Investment for Growth to Hurt Margins in the Medium-Term but Key to Long-Term Profits

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