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

Kanzhun IPO: Peer Comparison and Valuation

CARsgen Therapeutics IPO: Limited Upside as Most Drug Candidates Are in Phase I Studies

AiHuiShou International IPO: Hand-Me-Down

Full Truck Alliance IPO: In Early Stage of Monetisation

Recruit Holdings: Recovery in HR Tech but Other Segments Still Struggling

Angelalign IPO Valuation: Limited Upside from the Top End

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/kanzhun-ltd" target="_blank" data-smartkarma-citation="entities:33368:1" rel="noopener">Kanzhun (BZ US)</a>  operates an online recruitment platform BOSS Zhipin in China which allows job seekers and employees to interact with each other and fulfil their recruitment needs. According to the CIC Report, Kanzhun was ranked the largest online recruitment platform in China based on average Monthly Active Users (MAUs) in 2020.The company has filed for an IPO to list its shares in the US and plans to raise net proceeds of approx. US$817m at the midpoint of the indicative IPO price range of US$17-19 per share.In this insight, we discuss Kanzhun’s business model, financials and an outlook on the company. We will discuss the company’s valuation in a follow-up insight.

Kanzhun (BZ US)  operates an online recruitment platform BOSS Zhipin in China which allows job seekers and employees to interact with each other and fulfil their recruitment needs. According to the CIC Report, Kanzhun was ranked the largest online recruitment platform in China based on average Monthly Active Users (MAUs) in 2020.The company has filed for an IPO to list its shares in the US and plans to raise net proceeds of approx. US$817m at the midpoint of the indicative IPO price range of US$17-19 per share.In this insight, we discuss Kanzhun’s business model, financials and an outlook on the company. We will discuss the company’s valuation in a follow-up insight.

Kanzhun

Kanzhun IPO: Hunt for Success