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

KWG Living IPO: Strong Financials and Growth Prospects Justify a Premium

GDS Secondary: Shares Are Slightly Overvalued but Share Price Momentum Should Continue

Shimao Services IPO: Another Property Management Services Company with Good Potential

Radiance Holdings IPO Valuation: Too Hard to Ignore The Risk of A Hard Landing

GDS Secondary: Quantamental Analysis Reveals Limited Room for Margin Expansion

Lufax IPO: Shift in Product Mix and Higher Customer Acquisition Cost Eat into Profits

JD Health Pre-IPO: Poised to Benefit from Structural Changes in Healthcare in China and the Pandemic

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

KWG Living Group / Equity Capital Markets

KWG Living offers comprehensive property management services for both residential properties and commercial properties in China. The company has filed for an IPO on the Hong Kong Stock Exchange to raise about US$402m.The company was spun-off from KWG Holdings, a large-scale property developer with a leading position in the Greater Bay Area. The company generates a large majority of its revenues from residential and commercial properties developed by KWG Group, its joint ventures, associates and other related entities.In this insight, we examine the company’s business model, segments and its financials.

KWG Living offers comprehensive property management services for both residential properties and commercial properties in China. The company has filed for an IPO on the Hong Kong Stock Exchange to raise about US$402m.The company was spun-off from KWG Holdings, a large-scale property developer with a leading position in the Greater Bay Area. The company generates a large majority of its revenues from residential and commercial properties developed by KWG Group, its joint ventures, associates and other related entities.In this insight, we examine the company’s business model, segments and its financials.

KWG Living IPO: Expansion in Community Value-Added Services Drives Growth