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

Shanghai Longcheer H-Share Listing: Thoughts on Financials and Valuation

Eastroc Beverage H-Share Listing: Not Really a Bargain

Montage Technology H-Share Listing: Strong Growth with a Pristine Balance Sheet

Eastroc Beverage H-Share Listing: First Look

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

Montage Technology   / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/montage-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:28236:1" rel="noopener">Montage Technology (688008 CH)</a>  plans to raise proceeds of around US$900m at its HKEx listing. The HK offer price is at a 41.3% discount to the last-closed price of A-shares.</li>
<li>The company has demonstrated solid growth in the past, however is transitioning into an accelerated expansion phase driven by AI and DDR5 memory market.</li>
<li>The implied valuation multiples are at a premium vs closest peer, however given its market leadership, we think it's justified and there is further upside.</li>
</ul>



Montage Technology (688008 CH)  plans to raise proceeds of around US$900m at its HKEx listing. The HK offer price is at a 41.3% discount to the last-closed price of A-shares.
The company has demonstrated solid growth in the past, however is transitioning into an accelerated expansion phase driven by AI and DDR5 memory market.
The implied valuation multiples are at a premium vs closest peer, however given its market leadership, we think it's justified and there is further upside.


Montage Technology의 H주 상장: 가치 평가에 대한 우리의 생각