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

17 Edu & Tech IPO Valuation: Fairly Valued at the Lower End of the IPO Pricing

Pop Mart IPO Valuation: Rich Multiples but Superior Growth Profile Justifies the Premium

Kuaishou Pre-IPO: Strengthening Top Line and Ample Monetisation Opportunities

Pop Mart IPO: Molly and Other Self-Developed IPs Fuel Strong Growth

Baidu: Acquisition of YY Live Is More Beneficial to JOYY than Baidu

Kuaishou IPO: Advertising and E-Commerce Businesses to Drive Future Growth

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

Pop Mart International Group L / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/pop-mart-international-group-limited" target="_blank" data-smartkarma-citation="entities:29016:1" rel="noopener">POP MART (POP HK)</a> , the largest and fastest-growing pop toy company in China, has filed for an IPO on the Hong Kong Stock Exchange to raise about US$500-600m.The company has established an integrated platform covering the entire industry chain of pop toys including artists development, IP operation, consumer access and pop toy culture.The company has some strong licensing relationships with global content providers including Disney and Universal Studios which help the company recreate and further monetise their IPs in addition to having its own proprietary IPs.In our previous insight on the company’s IPO <a href="https://www.smartkarma.com/insights/pop-mart-ipo-molly-and-other-self-developed-ips-fuel-strong-growth" target="_blank" data-smartkarma-citation="insights:41040" rel="noopener">Pop Mart IPO: Molly and Other Self-Developed IPs Fuel Strong Growth</a> , we examined the company’s business model, its segments, financials and outlook. The company has released its post hearing information pack (PHIP) yesterday (22nd November) and this insight focuses on the new data points from the company’s PHIP.

POP MART (POP HK) , the largest and fastest-growing pop toy company in China, has filed for an IPO on the Hong Kong Stock Exchange to raise about US$500-600m.The company has established an integrated platform covering the entire industry chain of pop toys including artists development, IP operation, consumer access and pop toy culture.The company has some strong licensing relationships with global content providers including Disney and Universal Studios which help the company recreate and further monetise their IPs in addition to having its own proprietary IPs.In our previous insight on the company’s IPO Pop Mart IPO: Molly and Other Self-Developed IPs Fuel Strong Growth , we examined the company’s business model, its segments, financials and outlook. The company has released its post hearing information pack (PHIP) yesterday (22nd November) and this insight focuses on the new data points from the company’s PHIP.

Pop Mart IPO: 1H20 Impacted by Covid-19 but New Launches and Online Channels Should Support Earnings