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

Meituan – Omicron Impact Was Not as Big in 1Q but 2Q Will Have the Full Impact

GOGOX (PHIP Updates): Further Deterioration in Market Share and Fundamentals

ClouDr IPO: Strong Business Model with Multiple Revenue Channels

Tencent 1Q2022 Earnings Preview: Earnings Weakness to Continue

Meituan Aligns Itself with Common Prosperity Measures but What Will Happen to Profitability?

Meituan: Better-Than-Expected 4Q2021 but Risks Remain

Tencent – End of Game Approval Freeze Is a Positive; but Regulators Are Not Slowing Down

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>Caixin reported on Wednesday that <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> has shut down community-group service (Meituan Select) in Beijing following news that the company plans to shut down operations in loss-making cities.</li>
<li>Community-Group buying (CGB) became popular in China in 2020 and Meituan entered the market in 3Q2020 and continues to spend heavily on the biz.</li>
<li>The market became heavily competitive in the form of price war, which attracted regulatory scrutiny and led to large players like Alibaba and JD.com opting out of the market. </li>
</ul>


Caixin reported on Wednesday that Meituan (3690 HK) has shut down community-group service (Meituan Select) in Beijing following news that the company plans to shut down operations in loss-making cities.
Community-Group buying (CGB) became popular in China in 2020 and Meituan entered the market in 3Q2020 and continues to spend heavily on the biz.
The market became heavily competitive in the form of price war, which attracted regulatory scrutiny and led to large players like Alibaba and JD.com opting out of the market. 


美団が北京でのコミュニティグループ購入を終了 ― 利益を上げるのは容易ではないという遅まきながらの認識