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

ORo: Earnings Growth Hasn’t Resumed Yet but We Are Looking for Entry Points

2021 High Conviction - Rapid User Growth Will Set You Freee From Losses

17 Edu & Tech IPO Valuation: Fairly Valued at the Lower End of the IPO Pricing

Money Forward: Recent Price Rally Is Not Backed by Improving Profitability – Unlike Freee

EGuarantee: A Resilient Business Model that Should Further Benefit from Pandemic Driven-Demand

Freee KK: Quantamental Reveals the Company May Break-Even Over the Next 2-Years

oRo: Another Stock Capable of Making PM Suga’s Digitalisation Dream a Real

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 1QFY06/21 results yesterday (11<sup>th</sup> November) which saw a 49.2% YoY growth in revenues while operating losses for the quarter dropped to 12.2% of revenues from 32.6% in 1QFY06/20. The reported revenue beat consensus estimates by 4%. The consensus called for operating losses of JPY300m while the company reported operating losses of JPY272m for the first quarter of FY06/2021.</p>

freee (4478 JP)  reported its 1QFY06/21 results yesterday (11th November) which saw a 49.2% YoY growth in revenues while operating losses for the quarter dropped to 12.2% of revenues from 32.6% in 1QFY06/20. The reported revenue beat consensus estimates by 4%. The consensus called for operating losses of JPY300m while the company reported operating losses of JPY272m for the first quarter of FY06/2021.

Freee KK: 1QFY21 Results Show Profits Are Possible Over the Next 12-18 Months