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

Tata Technologies IPO: Negatives Outweigh the Positives

J&T Global Express IPO: Peer Comparison and Valuation

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

Meituan: Scaling Back Ride-Hailing Business to Maintain Margins

Tencent: Next Candidate for an Alibaba Style Split?

Recruit: Further Drop in US Job Openings Adds Strain on HRTech Earnings

Money Forward: Lower S&M Spending in 1Q Drives Losses Down

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>
<a href="https://www.smartkarma.com/entities/lalatech-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:36848:1" rel="noopener">Lalatech Holdings Co Ltd (LALA HK)</a> is a technology driven logistics transportation platform with a global footprint. The company has filed for an IPO and plans to raise about US$1bn.</li>
<li>The company’s financials have shown significant improvement over the last 2 years with the company turning profitable at the operating profit line in 2022.</li>
<li>Huge drop in selling and marketing costs have helped cut down losses which seems too realistic and the company hasn’t provided sufficient explanation on these cost cuts.</li>
</ul>



Lalatech Holdings Co Ltd (LALA HK) is a technology driven logistics transportation platform with a global footprint. The company has filed for an IPO and plans to raise about US$1bn.
The company’s financials have shown significant improvement over the last 2 years with the company turning profitable at the operating profit line in 2022.
Huge drop in selling and marketing costs have helped cut down losses which seems too realistic and the company hasn’t provided sufficient explanation on these cost cuts.


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