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

Wiwynn: Strong Server Demand and New Customer Wins to Drive Growth

A Look at Foxconn’s EV Platform – Should Tesla Be Worried?

Hon Hai(2317.TT): It Will Be More Challenging in 2022, but Hon Hai Will Focus on EPS.

Apple 2Q Results: Resilience Enough to Cope with the Covid-19 Pandemic

Apple to Move One-Fifth of Its IPhone Production to India from China

Hon Hai: Depressed Valuation Offers Good Entry; New Verticals to Support LT Growth

Facebook-Jio Deal: Overvalued and More of a Rescue for Debt-Laden Jio Platforms

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

Hon Hai Precision Industry / Equity Bottom-Up

<ul>
<li>Hon Hai Precision Industry reported its 1Q2020 financial results on 15<sup>th</sup> May 2020. During 1Q2020, the company’s revenue and operating profit dropped by 11.9% and 71.9% respectively. Despite revenue and OP declining YoY, the company managed to beat consensus estimates on both revenue and OP during the quarter.</li>
<li>The COVID-19 outbreak in China during 1Q2020 caused the decline in revenue and margins of the company. The company previously warned investors that the COVID-19 outbreak will likely have a negative impact on the company’s revenues in 2020 while also cutting its revenue growth outlook for 2020.</li>
</ul>


Hon Hai Precision Industry reported its 1Q2020 financial results on 15th May 2020. During 1Q2020, the company’s revenue and operating profit dropped by 11.9% and 71.9% respectively. Despite revenue and OP declining YoY, the company managed to beat consensus estimates on both revenue and OP during the quarter.
The COVID-19 outbreak in China during 1Q2020 caused the decline in revenue and margins of the company. The company previously warned investors that the COVID-19 outbreak will likely have a negative impact on the company’s revenues in 2020 while also cutting its revenue growth outlook for 2020.


Hon Hai: 1Q20 Beats Consensus Despite Pandemic Impact; LT Prospects Remain Positive