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

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Vinfast: New Funding to Support Growth Plans Despite Struggling to Sell EVs

J&T Global Express IPO: Peer Comparison and Valuation

Lalatech IPO: Huge Drop in Operating Costs Prior to IPO Is Concerning

4Paradigm IPO: Thoughts on First Day Trading

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

Lalatech Holdings Co Ltd / Equity Capital Markets

<ul>
<li>Lalatech has refiled for HKEx IPO and the company plans to raise around US$1bn through the IPO. This insight focuses on latest data points from the company's new filing.</li>
<li>The company has disclosed results for 1H2023 which point to notable improvement in the company's financials including an operating profit margin of around 21% for 1H2023.</li>
<li>There has been significant reduction in the company’s operating costs, merchant discounts and carrier incentives in particular, which have helped significant improve the company's margins.</li>
</ul>


Lalatech has refiled for HKEx IPO and the company plans to raise around US$1bn through the IPO. This insight focuses on latest data points from the company's new filing.
The company has disclosed results for 1H2023 which point to notable improvement in the company's financials including an operating profit margin of around 21% for 1H2023.
There has been significant reduction in the company’s operating costs, merchant discounts and carrier incentives in particular, which have helped significant improve the company's margins.


Lalatech IPO: 1H2023 Numbers Point to Strong Improvement in Financials