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

Tuya IPO: Growing Scale and Expanding IoT SaaS Revenue to Help Margin Expansion (Quantamental)

Panasonic in Talks to Buy Blue Yonder; Supply Chain Management Likely to Be a Key Growth Driver

Tencent Music Secondary: Unlikely for Margins to Expand but Should Remain Stable at Current Level

Cheerwin IPO: Fairly Valued Compared to Recent IPOs in the Household, Personal and Pet Care Markets

JD Logistics IPO: Expanding External Customer Base Supports Top Line Growth and GPM Expansion

New Horizon Health IPO Trading Update: A Blockbuster IPO but It’s Time You Plan an Exit Strategy

Cheerwin Group IPO: Doing Its Best to Innovate, Diversify and Grow in a Mature Market

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 Capital Markets

<a href="https://www.smartkarma.com/entities/jd-logistics" target="_blank" data-smartkarma-citation="entities:31500:1" rel="noopener">JD Logistics (JDL HK)</a> , the delivery arm of China’s second largest e-commerce platform JD.com has filed for an IPO to list its shares on the Hong Kong Stock Exchange. According to news media outlets, JD Logistics (JDL) plans to raise about US$4-5bn through the IPO.This is the Second of a series of reports on JD Logistics’ IPO, where we will be deep diving into the company’s margins. In our First report, we discussed the company’s business model, its revenue and key drivers.

JD Logistics (JDL HK) , the delivery arm of China’s second largest e-commerce platform JD.com has filed for an IPO to list its shares on the Hong Kong Stock Exchange. According to news media outlets, JD Logistics (JDL) plans to raise about US$4-5bn through the IPO.This is the Second of a series of reports on JD Logistics’ IPO, where we will be deep diving into the company’s margins. In our First report, we discussed the company’s business model, its revenue and key drivers.

JD Logistics IPO: Margin Improvement Likely with Expanding External Revenues and Falling Costs