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

Hoya: Strengthening Life Care Business and Underperformance Vs. Lasertec Suggests Catch-Up Potential

Money Forward Follow-On: Burning Cash to Grow Users to Reach Profits; Limited Upside

Recruit: Strong Performance of HR Tech Drives Earnings Beat; Shares Are Overvalued

M3: Medlive IPO Helped OP Surge in 1Q; Expect Earnings Weakness to Come Through in 2H

CyberAgent: Strong 2Q Results Driven by Gaming; Upward Revisions to Full-Year Forecasts

CyberAgent: Game Business Continues to Disappoint but Internet Ad and ABEMA Performs Steadily

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Gravity Works As WeWork Doesn't; Now Plan B

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/cyberagent-inc" target="_blank" rel="noopener">CyberAgent Inc (4751 JP)</a> reported its 3Q FY09/21 financial results after market on 28<sup>th</sup>. CyberAgent’s revenue for the quarter increased 70.3% YoY while operating profit grew 23.2% YoY during the period. Revenue beat consensus by 8.9% while OP beat consensus by 53.9%. The company has once again revised its FY2021 forecasts upwards given that it has already reached its OP target for the year which was set in 2Q FY09/2021.</p>

CyberAgent Inc (4751 JP) reported its 3Q FY09/21 financial results after market on 28th. CyberAgent’s revenue for the quarter increased 70.3% YoY while operating profit grew 23.2% YoY during the period. Revenue beat consensus by 8.9% while OP beat consensus by 53.9%. The company has once again revised its FY2021 forecasts upwards given that it has already reached its OP target for the year which was set in 2Q FY09/2021.

CyberAgent 3Q: Recurring Strong Results Ease Concerns over Gaming Revenues; Guidance Revised Upwards