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

Xiaomi: Margins to Remain Under Pressure with Premiumisation and Investment in EV (Quantamental)

Leapmotor IPO: Thoughts on First Day Trading

Nio: Difficult to Refute Most of Grizzly’s Allegations

Onewo Space-Tech IPO (Part II): Margins to Remain Under Pressure in the Near-Term

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

Zhejiang Leapmotor Technologie / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zhejiang-leapmotor-technology" target="_blank" data-smartkarma-citation="entities:35968:1" rel="noopener">Leapmotor (2007699D HK)</a> is a leading smart EV company in China that designs and builds EVs. The company develops key hardware, software and all electronic components of the vehicles internally.</li>
<li>The company has filed for an IPO on the HKEx and plans to raise about US$1bn through the IPO.</li>
<li>In this insight, we analyse the company’s financials to understand the key reason behind the absence of gross profit margins compared to other players in the market.</li>
</ul>



Leapmotor (2007699D HK) is a leading smart EV company in China that designs and builds EVs. The company develops key hardware, software and all electronic components of the vehicles internally.
The company has filed for an IPO on the HKEx and plans to raise about US$1bn through the IPO.
In this insight, we analyse the company’s financials to understand the key reason behind the absence of gross profit margins compared to other players in the market.


Zhejiang Leapmotor Technologie

Leapmotor IPO: Stuck in the Middle