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

JD Health 2020 Results: Strong Top Line Growth; Slight Decline in Margins Is Less of a Concern

Smart Share Global IPO: Surviving in a Competitive Market

Tuya IPO Trading Update: Recent Drop in Stock Price Offers a Good Entry Point

TME Secondary Listing: Monetisation Efforts in Social Entertainment Should Boost Top Line Growth

Tencent Music Secondary: Unlikely for Margins to Expand but Should Remain Stable at Current Level

TME 4Q Results: Strong Finish to 2020, Further Strengthens Partnerships and Focus on New Initiatives

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

Bilibili: Secondary Listing in HK Offers a Good Alternative to Kuaishou

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 Bottom-Up

<a href="https://www.smartkarma.com/entities/tencent-music-entertainment" target="_blank" data-smartkarma-citation="entities:27255:1" rel="noopener">Tencent Music (TME US)</a>  announced on Sunday (28th March 2021) that its board of directors has authorised a share repurchase program to buyback US$1bn of its Class A ordinary shares in the form of American Depository Shares (ADS).In our previous insights on TME, we discussed the company’s business model, segments, financials and valuation. Read our previous insights:<a href="https://www.smartkarma.com/insights/tme-secondary-listing-monetisation-efforts-in-social-entertainment-should-boost-top-line-growth" target="_blank" data-smartkarma-citation="insights:48830" rel="noopener">TME Secondary Listing: Monetisation Efforts in Social Entertainment Should Boost Top Line Growth</a> <a href="https://www.smartkarma.com/insights/tencent-music-secondary-unlikely-for-margins-to-expand-but-should-remain-stable-at-current-level" target="_blank" data-smartkarma-citation="insights:49034" rel="noopener">Tencent Music Secondary: Unlikely for Margins to Expand but Should Remain Stable at Current Level</a> <a href="https://www.smartkarma.com/insights/tme-4q-results-strong-finish-to-2020-further-strengthens-partnerships-and-focus-on-new-initiatives" target="_blank" data-smartkarma-citation="insights:49558" rel="noopener">TME 4Q Results: Strong Finish to 2020, Further Strengthens Partnerships and Focus on New Initiatives</a>

Tencent Music (TME US)  announced on Sunday (28th March 2021) that its board of directors has authorised a share repurchase program to buyback US$1bn of its Class A ordinary shares in the form of American Depository Shares (ADS).In our previous insights on TME, we discussed the company’s business model, segments, financials and valuation. Read our previous insights:TME Secondary Listing: Monetisation Efforts in Social Entertainment Should Boost Top Line Growth Tencent Music Secondary: Unlikely for Margins to Expand but Should Remain Stable at Current Level TME 4Q Results: Strong Finish to 2020, Further Strengthens Partnerships and Focus on New Initiatives 

Tencent Music Announces US$1bn Buyback After Shares Dip Double-Digit