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

RemeGen IPO: Key Drugs Show Promising Potential

Hoya 2Q Results: Earnings Decline Ameliorates and There Is a Small Buyback

Seek Ltd: Some of the Outrageous Claims by Blue Orca Look Irrefutable

IFast: The Chance of Winning the MPF Project Is Narrow; but We Remain Positive on Future Prospects

Lufax IPO Valuation: The Risk-Reward Profile Does Not Justify the Premium

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

JW Therapeutics: Limited Upside from the Top End; Further Potential if Other Drugs Become Successful

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

iFast Corp, who offers investment products and services in Singapore, Hong Kong, Malaysia and China reported its 3Q2020 results on Friday (23rd October). During 3Q2020, the gross revenues grew 33.3% YoY while operating income grew at a stellar 164% YoY from S$2.8m to SG$7.4m. At the same time, net profit for the quarter more than doubled to S$6.1m from S$2.4m in the same quarter last year.Read our previous insights on iFast:<a href="https://www.smartkarma.com/insights/ifast-corp-grow-wealthy" target="_blank" data-smartkarma-citation="insights:41952" rel="noopener">IFast Corp: Grow Wealthy</a> <a href="https://www.smartkarma.com/insights/ifast-the-chance-of-winning-the-mpf-project-is-narrow-but-we-remain-positive-on-future-prospects" target="_blank" data-smartkarma-citation="insights:42287" rel="noopener">IFast: The Chance of Winning the MPF Project Is Narrow; but We Remain Positive on Future Prospects</a>

iFast Corp, who offers investment products and services in Singapore, Hong Kong, Malaysia and China reported its 3Q2020 results on Friday (23rd October). During 3Q2020, the gross revenues grew 33.3% YoY while operating income grew at a stellar 164% YoY from S$2.8m to SG$7.4m. At the same time, net profit for the quarter more than doubled to S$6.1m from S$2.4m in the same quarter last year.Read our previous insights on iFast:IFast Corp: Grow Wealthy IFast: The Chance of Winning the MPF Project Is Narrow; but We Remain Positive on Future Prospects 

IFast 3Q2020 Results: Strong Earnings Momentum to Continue with New Business Initiatives

iFAST

IFast 3Q2020 Results: Strong Earnings Momentum to Continue with New Business Initiatives