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

Japan Small Cap Growth - Freee or Money Forward?

SciClone Pharmaceutical IPO: Future Prospects for Zadaxin Troubling

ORo 4Q2020 Results: Strong Finish to the Year and There Is a Buyback

Joinn Laboratories IPO: Pioneer of Commercial GLP Laboratories in China Shows Promise

New Horizon Health IPO Valuation: Healthy Valuation

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

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

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 2QFY06/21 results today which saw 51.3% YoY growth in revenues while operating losses for the quarter dropped to 18% of revenues from 38% in 2QFY06/20. The reported revenue beat consensus estimates by 3%. The consensus called for operating losses of JPY414m whereas the company reported operating losses of JPY425m for the second quarter of FY06/2021.</p>

freee (4478 JP)  reported its 2QFY06/21 results today which saw 51.3% YoY growth in revenues while operating losses for the quarter dropped to 18% of revenues from 38% in 2QFY06/20. The reported revenue beat consensus estimates by 3%. The consensus called for operating losses of JPY414m whereas the company reported operating losses of JPY425m for the second quarter of FY06/2021.

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

Freee KK

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