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 2QFY21: PubliTech and M&A to Drive Earnings; Current Multiples Offer Good Buying Opportunity

Recruit Holdings: Recovery in HR Tech but Other Segments Still Struggling

TME: Strong 1Q Driven by Record Online Music User Adds; Shares Fall Amidst Regulatory Scrutiny

Freee: Our 2021 Conviction Pick Grew 50% in 2QFY06/21 and That Should Continue

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

Freee Secondary Offering: Recent Drop in Multiples Offer a Good Entry

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

Waterdrop IPO: Combining Insurance Brokerage with Charity

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/freee-kk" target="_blank" data-smartkarma-citation="entities:28424:1" rel="noopener">freee (4478 JP)</a>  reported its 3QFY06/21 results yesterday (12<sup>th </sup>May 2021) which saw revenue growing 48.2% YoY while operating losses for the quarter declined to 24% of revenues compared to 49% in the same quarter last year. The annual recurring revenues of the company for the first time crossed JPY10bn mark and it grew 50% YoY during the period</p>

freee (4478 JP)  reported its 3QFY06/21 results yesterday (12th May 2021) which saw revenue growing 48.2% YoY while operating losses for the quarter declined to 24% of revenues compared to 49% in the same quarter last year. The annual recurring revenues of the company for the first time crossed JPY10bn mark and it grew 50% YoY during the period

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

Freee KK

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