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

Tencent’s Special Dividend: Is It a Sign the Walled Gardens Are Coming Down?

Tencent – Do Epic Games and Riot Get Sold?

Didi: China Mobility Top Line Falls and Losses Widen as App Ban Hits Hard

Tencent: Earnings Weakness Beginning to Show Up

SenseTime IPO: The US Plans to Put SenseTime on Investment Blacklist

Gravity Works As WeWork Doesn't; Now Plan B

Bifurcated Chinese Express Market Developing

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

<ul>
<li>Tencent has received regulatory approval to resume regular updates in the app stores. Tencent was asked to get approval for all of its new apps and updates from the government.</li>
<li>While this suggests that the regulatory pressure may be easing, Tencent has got into more troubles with a young star worker committing suicide at work.</li>
<li>As we highlighted in our previous insights, the value of Tencent’s investments in other entities is deteriorating with more regulatory pressures. KE Holdings has been targeted by short sellers.</li>
</ul>


Tencent has received regulatory approval to resume regular updates in the app stores. Tencent was asked to get approval for all of its new apps and updates from the government.
While this suggests that the regulatory pressure may be easing, Tencent has got into more troubles with a young star worker committing suicide at work.
As we highlighted in our previous insights, the value of Tencent’s investments in other entities is deteriorating with more regulatory pressures. KE Holdings has been targeted by short sellers.


Tencent Receives Approval for App Updates but Faces New Hurdles