Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

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

Equity Bottom-Up

Despite being delayed for almost 2 months, government regulation on illegal smartphones is finally signed. The ministry of communication, trade, and information have jointly signed the regulation that will render illegal smartphones useless in Indonesia, effective in 6 months from 18 October 2019.
The big price gap between the illegal and legal smartphones that has caused low volume sales in Erajaya will narrow if not disappear; although sales volume will be the main beneficiary, the sales price will inevitably benefit from the lack of supply in the long run. Erajaya is the only company, among its listed peers, with footprints across Indonesia (both Java and ex Java) that will benefit from the demand surge for legal smartphones.

Despite being delayed for almost 2 months, government regulation on illegal smartphones is finally signed. The ministry of communication, trade, and information have jointly signed the regulation that will render illegal smartphones useless in Indonesia, effective in 6 months from 18 October 2019.
The big price gap between the illegal and legal smartphones that has caused low volume sales in Erajaya will narrow if not disappear; although sales volume will be the main beneficiary, the sales price will inevitably benefit from the lack of supply in the long run. Erajaya is the only company, among its listed peers, with footprints across Indonesia (both Java and ex Java) that will benefit from the demand surge for legal smartphones. 

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and the downward trajectory of bond yields leads us to remain cautious and concerned that global equities remain vulnerable and could be poised for additional weakness moving forward. Major indexes around the world continue to do next to nothing, making Sector, Group, and stock selection all the more important. We prefer to use a barbell strategy of growth and safety. Attractive and actionable themes highlighted in today’s report include IT Services/Tech Software, Communications, Precious Metals, and Utilities.

Deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and the downward trajectory of bond yields leads us to remain cautious and concerned that global equities remain vulnerable and could be poised for additional weakness moving forward. Major indexes around the world continue to do next to nothing, making Sector, Group, and stock selection all the more important. We prefer to use a barbell strategy of growth and safety. Attractive and actionable themes highlighted in today’s report include IT Services/Tech Software, Communications, Precious Metals, and Utilities.

Global Equity Strategy: Stay on the Defensive

Australia

Story-I Limited operates second-hand retail stores. The Company sells Apple, Samsung, and Lenovo products.

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Story-I Ltd (SRY AU)

Erajaya (ERAA): Help from IMEI Rule

Despite being delayed for almost 2 months, government regulation on illegal smartphones is finally signed. The ministry of communication, trade,...

Henry Soediarko

Global Equity Strategy: Stay on the Defensive

Deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and the downward trajectory of bond yields leads us to remain...

Vermilion Research

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52-week Range

Market Cap (USDm)

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