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

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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

<ul>
<li>Chinese self-driving start-up Pony AI has filed for IPO in the US to raise around US$300m and the company has reduced the minimum valuation to $4.0bn from $8.5bn previously.</li>
<li>
<a href="https://www.smartkarma.com/entities/pony-ai-inc" target="_blank" data-smartkarma-citation="entities:44035:1" rel="noopener">Pony AI (PONY US)</a> 's core business of self-driving operations is still at very early stages and will spend most of IPO proceeds on large-scale commercialisation of these services.</li>
<li>The autonomous driving market in China is increasingly competitive with competitors such as <a href="https://www.smartkarma.com/entities/baidu-inc-a55ca720-5968-48f0-8194-ac94390d065c" target="_blank" data-smartkarma-citation="entities:32212:1" rel="noopener">Baidu (9888 HK)</a> ’s Apollo Taxi operating with a large scale posing significant threat to the company.</li>
</ul>


Chinese self-driving start-up Pony AI has filed for IPO in the US to raise around US$300m and the company has reduced the minimum valuation to $4.0bn from $8.5bn previously.

Pony AI (PONY US) 's core business of self-driving operations is still at very early stages and will spend most of IPO proceeds on large-scale commercialisation of these services.
The autonomous driving market in China is increasingly competitive with competitors such as Baidu (9888 HK) ’s Apollo Taxi operating with a large scale posing significant threat to the company.


Pony AI

ポニーAIのIPO：波乱の道のり