Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, 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

Go Inc. IPO: Peer Comparison and Valuation

SG Micro Corp H-Share Listing: Early Thoughts

CyberAgent: Overblown Market Response to Overly Conservative Guidance

CyberAgent: Newly Released Games Drive Growth with an Upward Revision to Guidance

2025 High Conviction – Freee: Earnings Recovery Is Underway

2025 High Conviction - Freee: 4Q Setback Is Only Temporary

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cyberagent-inc" target="_blank" data-smartkarma-citation="entities:8197:1" rel="noopener">CyberAgent Inc (4751 JP)</a> reported 1QFY09/2026 results on Friday. Both revenue and OP for 1Q beat consensus estimate by a huge margin.</li>
<li>The gaming business which previously was struggling to release new hit titles, has continued to report another set of strong results driven by newly released titles and global expansion.</li>
<li>CA’s share price went up by about 9% today, however, shares are still trading at a discount to historical trading multiples suggesting there is strong upside.</li>
</ul>



CyberAgent Inc (4751 JP) reported 1QFY09/2026 results on Friday. Both revenue and OP for 1Q beat consensus estimate by a huge margin.
The gaming business which previously was struggling to release new hit titles, has continued to report another set of strong results driven by newly released titles and global expansion.
CA’s share price went up by about 9% today, however, shares are still trading at a discount to historical trading multiples suggesting there is strong upside.


CyberAgent 1Q: Gaming Recovery Continues While AbemaTV Turns Profitable for the First Time