ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Cross Asset Strategy

<div class="content-highlight">
<p>The week that was in <a href="mailto:ASEAN@Smartkarma" target="_blank" rel="noopener">ASEAN@Smartkarma</a> is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South East Asia and includes macro, top-down and thematic pieces, as well as actionable equity bottom-up and credit insights over the past week.</p>
<p>We add below a NEW section, which includes emerging themes in ASEAN and selects important news flow or developments for commentary, which may impact SE Asian companies and markets.</p>
</div><h3>Macro Insights</h3><p>In<a href="https://www.smartkarma.com/insights/vietnam-the-rockstar-economy-succumbs-to-covid-and-a-strong-vnd-rate-cut-near" target="_blank" rel="noopener"> Vietnam: The Rockstar Economy Succumbs to Covid and a Strong VND; Rate Cut Near?</a>,<a href="https://www.smartkarma.com/profiles/prasenjit-k-basu" target="_blank" rel="noopener"> Prasenjit K. Basu</a> discusses Vietnam's economic outlook that has been badly affected due to the severe outbreak of Covid in the current quarter. </p><p>In<a href="https://www.smartkarma.com/insights/malaysia-four-things-to-look-out-for-in-budget-2022" target="_blank" rel="noopener"> Malaysia: Four Things to Look Out for in Budget 2022</a>,<a href="https://www.smartkarma.com/profiles/nicholas-chia" target="_blank" rel="noopener"> Nicholas Chia</a> takes a closer look at Malaysia's economic and political outlook after the Finance Minister is poised to table Budget 2022 in October, just as the economy, aided by a quickening vaccination rate, is gingerly finding its footing. </p><p>In<a href="https://www.smartkarma.com/insights/covid-19-lull-in-caseloads-may-prove-to-be-fleeting-amid-ample-epidemiological-uncertainty" target="_blank" rel="noopener"> COVID-19: Lull In Caseloads May Prove To Be Fleeting Amid Ample Epidemiological Uncertainty</a>,<a href="https://www.smartkarma.com/profiles/nicholas-chia" target="_blank" rel="noopener"> Nicholas Chia</a> discusses India, Malaysia and Indonesia's economic outlook with COVID-19 infections beginning to fall, raising hopes of a return to economic normalcy that could deliver upside economic surprises.</p><h3>Equity Bottom Up</h3><p>In<a href="https://www.smartkarma.com/insights/grab-greater-mobility-toward-profitability" target="_blank" rel="noopener"> Grab - Greater Mobility Toward Profitability</a>, CrossASEAN insight provider<a href="https://www.smartkarma.com/profiles/angus-mackintosh" target="_blank" rel="noopener"> Angus Mackintosh</a> circles back to<a href="https://www.smartkarma.com/entities/grabtaxi-holdings-pte-ltd" target="_blank" rel="noopener"> Grab (0967655D SP)</a> after the company released a strong set of 2Q2021 results, with GMV (Gross Merchandise Value) increasing by +62% YoY to a record high of US$3.9bn. <a href="https://www.smartkarma.com/entities/grabtaxi-holdings-pte-ltd" target="_blank" data-smartkarma-citation="entities:26950:1" rel="noopener"></a>In<a href="https://www.smartkarma.com/insights/bbni-dupont-suggests-60-higher-profit" target="_blank" rel="noopener"> BBNI - DuPont Suggests ~60% Higher Profit</a>,<a href="https://www.smartkarma.com/profiles/daniel-tabbush" target="_blank" rel="noopener"> Daniel Tabbush</a> does a DuPont analysis for <a href="https://www.smartkarma.com/entities/bank-negara-indonesia-persero" target="_blank" rel="noopener">Bank Negara Indonesia Persero (BBNI IJ)</a> where he sees significant upside. As he prepares for an SK Webinar with BBNI on 21st September a simple DuPont analysis shows clearly how returns can swell at <a href="https://www.smartkarma.com/entities/bank-negara-indonesia-persero" target="_blank" data-smartkarma-citation="entities:8285:1" rel="noopener">Bank Negara Indonesia Persero (BBNI IJ)</a>. As margins rise alongside falling credit costs, ROA can move substantially higher. </p><p>In<a href="https://www.smartkarma.com/insights/monde-nissin-monde-pm-the-indexers-come-marching-in" target="_blank" rel="noopener"> Monde Nissin (MONDE PM): The Indexers Come Marching In</a>,<a href="https://www.smartkarma.com/profiles/brian-freitas" target="_blank" rel="noopener"> Brian Freitas</a> discusses<a href="https://www.smartkarma.com/entities/monde-nissin-corp" target="_blank" rel="noopener"> Monde Nissin Corp (MONDE PM)</a> that was recently listed on the<a href="https://www.smartkarma.com/entities/philippine-stock-exchange-inc" target="_blank" rel="noopener"> Philippine Stock Exchange (PSE PM)</a> on 1st June and is now trading +44% higher than its IPO price. </p><p>In<a href="https://www.smartkarma.com/insights/dtac-no-growth-with-uncertain-prospects" target="_blank" rel="noopener"> DTAC: No Growth with Uncertain Prospects</a>,<a href="https://www.smartkarma.com/companies/country-group" target="_blank" rel="noopener"> Country Group</a> reports back on<a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" rel="noopener"> Total Access Communication (DTAC TB)</a> after the company’s revenue dropped every year from its 2013 peak, except for a temporary rise in 2019, decreasing to Bt67bn in 2020 due to a continuing drop in subscribers at an average rate of 9% per year. </p><h3>Sector and Thematic </h3><p>In<a href="https://www.smartkarma.com/insights/which-banks-have-best-roa-stability" target="_blank" rel="noopener"> Which Banks Have Best ROA Stability?</a>,<a href="https://www.smartkarma.com/profiles/daniel-tabbush" target="_blank" rel="noopener"> Daniel Tabbush</a> compares ROA stability across banks globally and Asia. The two banks that appear at the top of this list, <a href="https://www.smartkarma.com/entities/bank-central-asia-tbk-pt" target="_blank" rel="noopener">Bank Central Asia (BBCA IJ)</a> and <a href="https://www.smartkarma.com/entities/public-bank-berhad" target="_blank" data-smartkarma-citation="entities:583:1" rel="noopener">Public Bank (PBK MK)</a> are two where total market capitalization is relatively high compared with assets. There is a vast difference in ROA stability across banks globally and Asia. He wonders if ROA stability may be as important or more so than absolute levels of returns, or even profit growth. Public Bank stands out positively in his sample set.</p><h3>Credit Insights</h3><p>In<a href="https://www.smartkarma.com/insights/morning-views-asia-geo-energy-resources-guangzhou-r-f-properties-lippo-karawaci" target="_blank" rel="noopener"> Morning Views Asia: Geo Energy Resources, Guangzhou R&amp;F Properties, Lippo Karawaci</a>, credit specialist<a href="https://www.smartkarma.com/profiles/trung-nguyen" target="_blank" rel="noopener"> Trung Nguyen</a> maintains his "Buy" recommendation on the<a href="https://www.smartkarma.com/entities/lippo-karawaci-tbk-pt" target="_blank" rel="noopener"> Lippo Karawaci (LPKR IJ)</a>'s Notes. He also sees that the company managed to record strong sales and improved its fundamentals despite the challenging market conditions amid the pandemic.</p><h3>Smartkarma Webinar </h3><p><a href="https://www.smartkarma.com/entities/bank-negara-indonesia-persero" target="_blank" rel="noopener">Bank Negara Indonesia Persero (BBNI IJ)</a>'s IR team will be here For<a href="https://www.smartkarma.com/home/corporate-solutions/" target="_blank" rel="noopener"> Smartkarma Corporate Solutions</a> ' next Corporate Webinar, which will be hosted on Tuesday, 21st September 2021, at 17:00 SGT.</p>


The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South East Asia and includes macro, top-down and thematic pieces, as well as actionable equity bottom-up and credit insights over the past week.
We add below a NEW section, which includes emerging themes in ASEAN and selects important news flow or developments for commentary, which may impact SE Asian companies and markets.
Macro InsightsIn Vietnam: The Rockstar Economy Succumbs to Covid and a Strong VND; Rate Cut Near?, Prasenjit K. Basu discusses Vietnam's economic outlook that has been badly affected due to the severe outbreak of Covid in the current quarter. In Malaysia: Four Things to Look Out for in Budget 2022, Nicholas Chia takes a closer look at Malaysia's economic and political outlook after the Finance Minister is poised to table Budget 2022 in October, just as the economy, aided by a quickening vaccination rate, is gingerly finding its footing. In COVID-19: Lull In Caseloads May Prove To Be Fleeting Amid Ample Epidemiological Uncertainty, Nicholas Chia discusses India, Malaysia and Indonesia's economic outlook with COVID-19 infections beginning to fall, raising hopes of a return to economic normalcy that could deliver upside economic surprises.Equity Bottom UpIn Grab - Greater Mobility Toward Profitability, CrossASEAN insight provider Angus Mackintosh circles back to Grab (0967655D SP) after the company released a strong set of 2Q2021 results, with GMV (Gross Merchandise Value) increasing by +62% YoY to a record high of US$3.9bn. In BBNI - DuPont Suggests ~60% Higher Profit, Daniel Tabbush does a DuPont analysis for Bank Negara Indonesia Persero (BBNI IJ) where he sees significant upside. As he prepares for an SK Webinar with BBNI on 21st September a simple DuPont analysis shows clearly how returns can swell at Bank Negara Indonesia Persero (BBNI IJ). As margins rise alongside falling credit costs, ROA can move substantially higher. In Monde Nissin (MONDE PM): The Indexers Come Marching In, Brian Freitas discusses Monde Nissin Corp (MONDE PM) that was recently listed on the Philippine Stock Exchange (PSE PM) on 1st June and is now trading +44% higher than its IPO price. In DTAC: No Growth with Uncertain Prospects, Country Group reports back on Total Access Communication (DTAC TB) after the company’s revenue dropped every year from its 2013 peak, except for a temporary rise in 2019, decreasing to Bt67bn in 2020 due to a continuing drop in subscribers at an average rate of 9% per year. Sector and Thematic In Which Banks Have Best ROA Stability?, Daniel Tabbush compares ROA stability across banks globally and Asia. The two banks that appear at the top of this list, Bank Central Asia (BBCA IJ) and Public Bank (PBK MK) are two where total market capitalization is relatively high compared with assets. There is a vast difference in ROA stability across banks globally and Asia. He wonders if ROA stability may be as important or more so than absolute levels of returns, or even profit growth. Public Bank stands out positively in his sample set.Credit InsightsIn Morning Views Asia: Geo Energy Resources, Guangzhou R&amp;F Properties, Lippo Karawaci, credit specialist Trung Nguyen maintains his "Buy" recommendation on the Lippo Karawaci (LPKR IJ)'s Notes. He also sees that the company managed to record strong sales and improved its fundamentals despite the challenging market conditions amid the pandemic.Smartkarma Webinar Bank Negara Indonesia Persero (BBNI IJ)'s IR team will be here For Smartkarma Corporate Solutions ' next Corporate Webinar, which will be hosted on Tuesday, 21st September 2021, at 17:00 SGT.

The Week That Was in ASEAN@Smartkarma - Grab on the Go, Monde Nissin, and Online Groceries

<div class="content-highlight">
<p>The week that was in <a href="mailto:ASEAN@Smartkarma" target="_blank" rel="noopener">ASEAN@Smartkarma</a> is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South East Asia and includes macro, top-down and thematic pieces, as well as actionable equity bottom-up and credit insights over the past week.</p>
<p>We add below a NEW section, which includes emerging themes in ASEAN and selects important news flow or developments for commentary, which may impact SE Asian companies and markets.</p>
</div><h3>Macro Insights</h3><p>In<a href="https://www.smartkarma.com/insights/malaysia-further-export-deceleration-will-hurt-but-things-could-improve-thereafter" target="_blank" rel="noopener"> Malaysia: Further Export Deceleration Will Hurt but Things Could Improve Thereafter</a>,<a href="https://www.smartkarma.com/profiles/manu-bhaskaran" target="_blank" rel="noopener"> Manu Bhaskaran</a> discusses Malaysia's economic and political outlook as the country continues to face near-term headwinds. </p><h3>Equity Bottom Up</h3><p>In<a href="https://www.smartkarma.com/insights/sea-ltd-se-us-the-runway-just-got-longer" target="_blank" rel="noopener"> Sea Ltd (SE US) - The Runway Just Got Longer</a>, CrossASEAN Insight Provider<a href="https://www.smartkarma.com/profiles/angus-mackintosh" target="_blank" rel="noopener"> Angus Mackintosh</a> takes a closer look at<a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" rel="noopener"> Sea Ltd (SE US)</a> after the company announced that it aims to raise US$6.3bn in the largest equity offering of 2021. </p><p>In<a href="https://www.smartkarma.com/insights/telekomunikasi-indonesia-tlkm-ij-dancing-with-the-digital-economy" target="_blank" rel="noopener"> Telekomunikasi Indonesia (TLKM IJ) - Dancing with the Digital Economy</a>, CrossASEAN insight provider<a href="https://www.smartkarma.com/profiles/angus-mackintosh" target="_blank" rel="noopener"> Angus Mackintosh</a> circles back to<a href="https://www.smartkarma.com/entities/telekomunikasi-indonesia" target="_blank" rel="noopener"> Telekomunikasi Indonesia (TLKM IJ)</a> after the company released its 1H2021 results. </p><p>In <a href="https://www.smartkarma.com/insights/blue-bird-bird-new-distribution-channel-and-limited-downside" target="_blank" data-smartkarma-citation="insights:57477" rel="noopener">Blue Bird (BIRD): New Distribution Channel and Limited Downside</a>, CrossASEAN Insight Provider <a href="https://www.smartkarma.com/profiles/henry-soediarko" target="_blank" data-smartkarma-citation="accounts:1006" rel="noopener">Henry Soediarko</a> revisits <a href="https://www.smartkarma.com/entities/blue-bird-tbk-pt" target="_blank" data-smartkarma-citation="entities:19482:1" rel="noopener">Blue Bird (BIRD IJ)</a> following the news that it will collaborate with the Airport Railway on taxi bookings. </p><p>In<a href="https://www.smartkarma.com/insights/sea-ltd-placement-momentum-is-very-strong-but-last-deal-didn-t-do-well-and-it-doesn-t-need-the-cash" target="_blank" rel="noopener"> SEA Ltd Placement -Momentum Is Very Strong but Last Deal Didn’t Do Well and It Doesn’t Need the Cash</a>,<a href="https://www.smartkarma.com/profiles/sumeet-singh" target="_blank" rel="noopener"> Sumeet Singh</a> returns to look at<a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" rel="noopener"> Sea Ltd (SE US)</a> after the company announced its plan to raise around US$3.5bn via an equity offering, along with another US$2.5bn via a convertible offering. </p><p>In<a href="https://www.smartkarma.com/insights/bank-rakyat-indonesia-bbri-s-mega-rights-issue-plenty-of-opportunity-short-term-and-long-term" target="_blank" rel="noopener"> Bank Rakyat Indonesia (BBRI)'s Mega Rights Issue - Plenty of Opportunity Short-Term and Long-Term</a>,<a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" rel="noopener"> Travis Lundy</a> returns to look at<a href="https://www.smartkarma.com/entities/bank-rakyat-indonesia-persero" target="_blank" rel="noopener"> Bank Rakyat Indonesia Persero (BBRI IJ)</a> after Indonesia's largest bank sees its shares go ex a very large Rights Offering. He highlights a number of interesting trades around this issue. </p><p>In<a href="https://www.smartkarma.com/insights/cimb-group-placement-has-sold-before-past-deals-did-just-about-ok" target="_blank" rel="noopener"> CIMB Group Placement - Has Sold Before, past Deals Did Just About Ok</a>,<a href="https://www.smartkarma.com/profiles/sumeet-singh" target="_blank" rel="noopener"> Sumeet Singh</a> revisits<a href="https://www.smartkarma.com/entities/cimb-group-holdings-bhd" target="_blank" rel="noopener"> CIMB Group Holdings (CIMB MK)</a> as Khazanah aims to raise around US$119m via selling 1% of the company. This is not the first selldown by Khaznah and most of the past deals have managed to hold above the deal price. </p><p>In<a href="https://www.smartkarma.com/insights/mreit-ipo-needs-to-be-priced-a-whole-lot-lower" target="_blank" rel="noopener"> MREIT IPO - Needs to Be Priced a Whole Lot Lower</a>,<a href="https://www.smartkarma.com/profiles/sumeet-singh" target="_blank" rel="noopener"> Sumeet Singh</a> reports back on<a href="https://www.smartkarma.com/entities/megaworld-real-estate-investment-trust" target="_blank" rel="noopener"> Megaworld Real Estate Investment Trust (MREIT PM)</a>'s IPO plans, where he thinks it should trade in line with its peer's average valuation, which would imply a share price of close to PHP15/share.</p><p>In<a href="https://www.smartkarma.com/insights/scb-largest-retail-loan-portfolio-amongst-big-banks" target="_blank" rel="noopener"> SCB: Largest Retail Loan Portfolio Amongst Big Banks</a>,<a href="https://www.smartkarma.com/companies/country-group" target="_blank" rel="noopener"> Country Group</a> provides their initial view on<a href="https://www.smartkarma.com/entities/siam-commercial-bank-pub-co" target="_blank" rel="noopener"> Siam Commercial Bank Pub Co (SCB TB)</a> and expect loan growth acceleration post-COVID-19 next year. </p><p>In<a href="https://www.smartkarma.com/insights/sea-ltd-follow-on-offering-asking-permission-from-investors-to-burn-4-0bn-per-year" target="_blank" rel="noopener"> Sea Ltd Follow-On Offering: Asking Permission From Investors to Burn $4.0bn Per Year</a>,<a href="https://www.smartkarma.com/profiles/oshadhi-kumarasiri" target="_blank" rel="noopener"> Oshadhi Kumarasiri</a> provides his comments on the recent placement by <a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" rel="noopener">Sea Ltd (SE US)</a>.</p><h3>Sector and Thematic </h3><p>In<a href="https://www.smartkarma.com/insights/indonesia-s-banking-sector-data-shows-improvements-positive" target="_blank" rel="noopener"> Indonesia’s Banking Sector: Data Shows Improvements (Positive)</a>,<a href="https://www.smartkarma.com/profiles/ilvin-cornelis" target="_blank" rel="noopener"> Alvin Cornelis</a> discusses Indonesia's banking sector after data from Indonesia's Financial Authority (OJK) showed some improvements in the banking industry outlook.</p>


The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South East Asia and includes macro, top-down and thematic pieces, as well as actionable equity bottom-up and credit insights over the past week.
We add below a NEW section, which includes emerging themes in ASEAN and selects important news flow or developments for commentary, which may impact SE Asian companies and markets.
Macro InsightsIn Malaysia: Further Export Deceleration Will Hurt but Things Could Improve Thereafter, Manu Bhaskaran discusses Malaysia's economic and political outlook as the country continues to face near-term headwinds. Equity Bottom UpIn Sea Ltd (SE US) - The Runway Just Got Longer, CrossASEAN Insight Provider Angus Mackintosh takes a closer look at Sea Ltd (SE US) after the company announced that it aims to raise US$6.3bn in the largest equity offering of 2021. In Telekomunikasi Indonesia (TLKM IJ) - Dancing with the Digital Economy, CrossASEAN insight provider Angus Mackintosh circles back to Telekomunikasi Indonesia (TLKM IJ) after the company released its 1H2021 results. In Blue Bird (BIRD): New Distribution Channel and Limited Downside, CrossASEAN Insight Provider Henry Soediarko revisits Blue Bird (BIRD IJ) following the news that it will collaborate with the Airport Railway on taxi bookings. In SEA Ltd Placement -Momentum Is Very Strong but Last Deal Didn’t Do Well and It Doesn’t Need the Cash, Sumeet Singh returns to look at Sea Ltd (SE US) after the company announced its plan to raise around US$3.5bn via an equity offering, along with another US$2.5bn via a convertible offering. In Bank Rakyat Indonesia (BBRI)'s Mega Rights Issue - Plenty of Opportunity Short-Term and Long-Term, Travis Lundy returns to look at Bank Rakyat Indonesia Persero (BBRI IJ) after Indonesia's largest bank sees its shares go ex a very large Rights Offering. He highlights a number of interesting trades around this issue. In CIMB Group Placement - Has Sold Before, past Deals Did Just About Ok, Sumeet Singh revisits CIMB Group Holdings (CIMB MK) as Khazanah aims to raise around US$119m via selling 1% of the company. This is not the first selldown by Khaznah and most of the past deals have managed to hold above the deal price. In MREIT IPO - Needs to Be Priced a Whole Lot Lower, Sumeet Singh reports back on Megaworld Real Estate Investment Trust (MREIT PM)'s IPO plans, where he thinks it should trade in line with its peer's average valuation, which would imply a share price of close to PHP15/share.In SCB: Largest Retail Loan Portfolio Amongst Big Banks, Country Group provides their initial view on Siam Commercial Bank Pub Co (SCB TB) and expect loan growth acceleration post-COVID-19 next year. In Sea Ltd Follow-On Offering: Asking Permission From Investors to Burn $4.0bn Per Year, Oshadhi Kumarasiri provides his comments on the recent placement by Sea Ltd (SE US).Sector and Thematic In Indonesia’s Banking Sector: Data Shows Improvements (Positive), Alvin Cornelis discusses Indonesia's banking sector after data from Indonesia's Financial Authority (OJK) showed some improvements in the banking industry outlook.

The Week that Was in ASEAN@Smartkarma - Sea Ltd's Runway, Telkom's Digital Edge, and Astra Intl

Indonesia

P.T. Multipolar Technology Tbk provides IT solutions. The Company offers services in hardware infrastructure, software solutions, and consulting services.

PT Indoritel Makmur Internasional Tbk operates as an investment holding company. The Company is primarily focused on the consumer and retail industries in Indonesia.

PT Erajaya Swasembada Tbk distributes and retails cellular telephones.  The Company is licensed to distribute international brands of cell phones, and operates a chain of retail shops in Indonesia.

PT Centratama Telekomunikasi Indonesia Tbk provides information technology solution and internet services such as dial up access, leased line, web hosting, co-location, banner, e-mail, roaming, and mailing list. The Company's website includes Lelang88.com, Apakabar.com, Iklanmini.co.id and Centrin.net.id.

Centratama Telekomuniks Indonesia (CENT IJ)

PT Sat Nusapersada Tbk supplies printed circuit boards (PCB's) and mechanical parts assembly for supply multinational industries located in Batam.

PT First Media Tbk provides television and broadband access services to residential and commercial areas using its hybrid fiber optic coaxial (HFC) networks.

GMO Payment Gateway, Inc. provides credit card transaction services for electronic commerce firms.

Genpact Limited designs and manages business operations to manage risk and compliance. The Company focuses on the areas of finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Genpact operates worldwide.

ITOCHU Techno-Solutions Corporation develops and constructs computer network systems and software.  The Company also provides system maintenance services. Itochu Techno-Solutions also offers solution consulting services.

Posco DX Company Ltd. provides information and technology services. The Company provides computer systems design, computer and server merchant wholesale, computer and office machine repair and maintenance services. Posco DX also offers eic engineering, smart factory, wireless networking equipment, steel manufacturing, and digital video recorder manufacturing services.

TIS Inc is established through reorganization.  The Company provides network solutions and system integration services.  IT Holdings also engages in development, implementation, and maintenance of application software besides selling computer and computer peripheral equipment.

MAXIMUS, Inc. provides program management and consulting services to state and local governments throughout the United States.  The Company's services are designed to make government operations more efficient and cost effective while improving the quality of the services provided to program beneficiaries.

Mphasis Limited is a global IT and BPO service provider to G2000 companies around the globe, assists its clients in innovating and streamlining their business processes by offering custom solutions for technology and operations outsourcing. The Company focuses on financial services, logistics and technology verticals.

Persistent Systems Limited offers outsourced software product development. The Company offer services that include testing, support, and professional services.

WEX Inc. provides payment processing and information management services to the United States commercial and government vehicle fleet industry. The Company markets services directly to businesses and government agencies with vehicle fleets, automotive manufacturers, fuel retailers.

Science Applications International Corp. provides consulting services. The Company offers scientific, engineering, and technology applications and solutions to solve problems. Science Applications International  serves security, energy, environmental, health, and infrastructure markets throughout the world.

PT. DCI Indonesia Tbk provides information technology services. The Company offers cloud and carrier data center infrastructure services. DCI Indonesia serves customers in Indonesia.

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DCI Indonesia Tbk PT (DCII IJ)

The Week That Was in ASEAN@Smartkarma - Grab on the Go, Monde Nissin, and Online Groceries

The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...

Angus Mackintosh

The Week that Was in ASEAN@Smartkarma - Sea Ltd's Runway, Telkom's Digital Edge, and Astra Intl

The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...

Angus Mackintosh

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52-week Range

Market Cap (USDm)

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