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

Hitachi Ltd. (6501 JP): Positive Trends to Continue

🇯🇵 JAPAN • Greensill, Gaming Payables & The Seven Samurai of Supply Chain Finance

Hitachi Ltd. (6501): GlobalLogic Acquisition Expensive but Accretive

Hitachi Ltd. To Buy the Remaining Stake of Hitachi High-Technologies

Midea: Well Diversified Products, Strong Foreign Exposure and KUKA Justify Expensive Multiples

Haier Smart Homes IPO: Growing Exposure to Emerging Markets and M&A Opportunities to Drive Growth

Haier SH: Diversified Product Mix, Overseas Exposure and Synergies to Support a Higher Valuation

Haier SH (Part II): Lower Exposure to Declining AC Market While Synergies Help Margin Expansion

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.

Event-Driven

It was reported by several news media outlets including the Nikkei, Bloomberg and Reuters that <a href="https://www.smartkarma.com/entities/hitachi-ltd" target="_blank" data-smartkarma-citation="entities:7797:1" rel="noopener">Hitachi Ltd (6501 JP)</a>  is planning to sell a 60% stake in its overseas home appliance business to major Turkish consumer electronics maker Arcelik AS.The two companies are in advanced talks and an agreement is expected to be reached over the next few weeks. The deal could be valued at around US$300-500m.Hitachi’s home appliance business generates only about 20% of its revenues from overseas markets whereas China and Southeast Asia accounting for bulk of the overseas revenues.<a href="https://www.smartkarma.com/entities/arcelik-as" target="_blank" data-smartkarma-citation="entities:24759:1" rel="noopener">Arcelik AS (ARCLK TI)</a> , together with its subsidiaries produces and sells consumer durable goods and consumer electronics in Turkey and internationally. Its products are sold under Arcelik, Beko, Blomberg, Arctic, Leisure, Defy and several other brands.By partnering up with Arcelik, Hitachi aims to expand the sale of its consumer appliances products in markets such as Europe and Africa, where Arcelik has a strong foothold in these markets.

It was reported by several news media outlets including the Nikkei, Bloomberg and Reuters that Hitachi Ltd (6501 JP)  is planning to sell a 60% stake in its overseas home appliance business to major Turkish consumer electronics maker Arcelik AS.The two companies are in advanced talks and an agreement is expected to be reached over the next few weeks. The deal could be valued at around US$300-500m.Hitachi’s home appliance business generates only about 20% of its revenues from overseas markets whereas China and Southeast Asia accounting for bulk of the overseas revenues.Arcelik AS (ARCLK TI) , together with its subsidiaries produces and sells consumer durable goods and consumer electronics in Turkey and internationally. Its products are sold under Arcelik, Beko, Blomberg, Arctic, Leisure, Defy and several other brands.By partnering up with Arcelik, Hitachi aims to expand the sale of its consumer appliances products in markets such as Europe and Africa, where Arcelik has a strong foothold in these markets.

Hitachi to Sell Overseas Home Appliance Business; Attempt to Reach Its Mid-Term Management Targets