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

Reaching Out to the Underbanked: The Alternative Lending Opportunity in South East Asia

IFAST Comes Out Successful in HK’s EMPF Platform Project

Cloopen Group IPO: Growing Demand for Cloud Communications and IoT in China to Drive Growth

First High-School Education IPO: High-Flyer

Suzhou Basecare Medical IPO Valuation: Attractive Even at the Upper End of the IPO Pricing

Suzhou Basecare Medical IPO: First Mover with the Only NMPA-Approved PGT Product in China

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

Cloopen Group Holding Ltd / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/cloopen-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:31315:1" rel="noopener">Cloopen Group Holding Ltd (RAAS US)</a> , the cloud communication solutions provider in China, has filed for an IPO to list its shares in the US. According to the CIC Report, the company was ranked the largest multi-capability cloud-based communication solutions provider in China, as measured by revenues in 2019.In our previous insight on the company’s IPO, we examined the company’s business model, its segments and revenues. Refer the extract below from our previous insight:<div class="content-highlight">The company was ranked the largest multi-capability cloud-based communication provider in China in 2019 and generates a majority of its revenues from large enterprises which accounted for 75.7% of total revenues during 9M2020. The company offers a comprehensive portfolio of cloud-communication services and has the capability to serve a broad range of customers. This we believe places the company in a better position to serve its customers than peers. Cloopen also has acquired several businesses while also has expanded its operations into Japan. The company is also in the process of expanding into regions and countries in Southeast Asia, which we believe will further fuel growth for the company</div>In this follow-up insight, we discuss the company’s cost and margin profile.

Cloopen Group Holding Ltd (RAAS US) , the cloud communication solutions provider in China, has filed for an IPO to list its shares in the US. According to the CIC Report, the company was ranked the largest multi-capability cloud-based communication solutions provider in China, as measured by revenues in 2019.In our previous insight on the company’s IPO, we examined the company’s business model, its segments and revenues. Refer the extract below from our previous insight:The company was ranked the largest multi-capability cloud-based communication provider in China in 2019 and generates a majority of its revenues from large enterprises which accounted for 75.7% of total revenues during 9M2020. The company offers a comprehensive portfolio of cloud-communication services and has the capability to serve a broad range of customers. This we believe places the company in a better position to serve its customers than peers. Cloopen also has acquired several businesses while also has expanded its operations into Japan. The company is also in the process of expanding into regions and countries in Southeast Asia, which we believe will further fuel growth for the companyIn this follow-up insight, we discuss the company’s cost and margin profile.

Cloopen Group IPO: Seems to Follow the Right Path to Profits