EM Digital Banks Review – Inter and Bank Jago in the Negative Spotlight
EM digital banks need to deliver better product penetration on the back of client penetration to enhance returns; we stay negative on Inter and...
301 Views
BFI Finance Indonesia (BFIN IJ) - Multi-Finance Masterpiece
BFI Finance Indonesia has one of the lowest cost of funds of any multi-finance company in Indonesia underpinning strong growth. Valuations are...
335 Views
SEA EConomy - A Squall in 2022 with Rough Seas Ahead
Major digital players in South-East Asia will release 3Q results next month with all eyes focused on take rates, contribution margins, and Adjusted...
266 Views
EM Digital Banks Overview - Brazil, South Korea and Indonesia
We turn constructive on Inter with its best combination of trends on fintech and bank metrics; we remain cautious on Nubank and see Bank Jago as an...
250 Views
The Week That Was in ASEAN@Smartkarma - Sea Ltd's Changing Tide, GoTo's Synergies, and Thai Hotels
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
225 Views