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

Ximalaya IPO (Part II): Unlikely for Margins to Improve in the Medium-Term (Quantamental)

Kuaishou: Online Ad Drives Top Line Growth; Margins to Remain Under Pressure with Overseas Expansion

Bilibili 1Q2021 Results: Value-Added Services and Advertising Drive Revenue Beat

Tencent: Earnings Beat Consensus; Falling User Growth and Game Revenue Growth Concerning

Baidu 1Q21: Post-Pandemic Recovery in Online Marketing and New Initiatives Drive Earnings Beat

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

<p><a href="https://www.smartkarma.com/entities/qiniu-ltd" target="_blank" data-smartkarma-citation="entities:33236:1" rel="noopener">Qiniu (QNIU US)</a>  is a leading cloud-based Platform-as-a-service (PaaS) provider in China whose client base includes <a href="https://www.smartkarma.com/entities/bilibili-inc" target="_blank" data-smartkarma-citation="entities:26793:1" rel="noopener">Bilibili Inc (BILI US)</a> , OPPO, <a href="https://www.smartkarma.com/entities/tal-education-group" target="_blank" data-smartkarma-citation="entities:1124:1" rel="noopener">TAL Education (TAL US)</a> , <a href="https://www.smartkarma.com/entities/china-merchants-bank-co-ltd" target="_blank" data-smartkarma-citation="entities:714:1" rel="noopener">China Merchants Bank A (600036 CH)</a> and Xiaohongshu. The company’s platform offers media and data cloud services and the company has filed for an IPO to list its share in the US and has set a placeholder indication to raise about US$100m.</p>

Qiniu (QNIU US)  is a leading cloud-based Platform-as-a-service (PaaS) provider in China whose client base includes Bilibili Inc (BILI US) , OPPO, TAL Education (TAL US) , China Merchants Bank A (600036 CH) and Xiaohongshu. The company’s platform offers media and data cloud services and the company has filed for an IPO to list its share in the US and has set a placeholder indication to raise about US$100m.

Qiniu

Qiniu IPO: Losing Strength