Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

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

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/aston-martin-lagonda-global-holdings-plc" target="_blank" rel="noopener" data-smartkarma-citation="entities:27446:1">Aston Martin (AML LN)</a> has been a trainwreck since its IPO in 2018. The Italian and Middle-Eastern private-equity owners cashed out some of their chips at the IPO price of 19 GBP but raised no new money for management to invest in the business. This was bound to end in tears...and it did.
Late last month we got the news that Canadian billionaire Stroll had beaten <a href="https://www.smartkarma.com/entities/geely-automobile-holdings-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:127:1">Geely Auto (175 HK)</a> for a stake in the business. Lawrence Stroll will invest over 500M GBP in the company in a series of capital injections (fresh capital + future rights issue) at 4 GBP/share. What Aston Martin needs more than anything right now is a new "vision" on how to bring iconic profits to this heritage brand.
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In the press release, we learned that a consortium of heavy hitters was joining Lawrence Stroll in his quest to make Aston Martin an ultra-premium luxury brand just like <a href="https://www.smartkarma.com/entities/ferrari-nv" target="_blank" rel="noopener" data-smartkarma-citation="entities:24708:1">Ferrari NV (RACE IM)</a>.  We will look at the members of the consortium, their track record and assess their contribution to reviving Aston Martin. If you are short Aston Martin, please make sure you know who you are up against.
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Aston Martin will publish FY19 results on 27/2. Expect things to get kitchen sinked. Financials will look worse before they start trending up again. We will be watching for the ordering trends of the DBX SUV more than anything else.
Buy the Aston brand on the cheap (1 billion USD market cap vs  34 billion USD at Ferrari) while you can as this new consortium understands luxury, branding and product placement.

Aston Martin (AML LN) has been a trainwreck since its IPO in 2018. The Italian and Middle-Eastern private-equity owners cashed out some of their chips at the IPO price of 19 GBP but raised no new money for management to invest in the business. This was bound to end in tears...and it did.
Late last month we got the news that Canadian billionaire Stroll had beaten Geely Auto (175 HK) for a stake in the business. Lawrence Stroll will invest over 500M GBP in the company in a series of capital injections (fresh capital + future rights issue) at 4 GBP/share. What Aston Martin needs more than anything right now is a new "vision" on how to bring iconic profits to this heritage brand.

In the press release, we learned that a consortium of heavy hitters was joining Lawrence Stroll in his quest to make Aston Martin an ultra-premium luxury brand just like Ferrari NV (RACE IM).  We will look at the members of the consortium, their track record and assess their contribution to reviving Aston Martin. If you are short Aston Martin, please make sure you know who you are up against.

Aston Martin will publish FY19 results on 27/2. Expect things to get kitchen sinked. Financials will look worse before they start trending up again. We will be watching for the ordering trends of the DBX SUV more than anything else.
Buy the Aston brand on the cheap (1 billion USD market cap vs  34 billion USD at Ferrari) while you can as this new consortium understands luxury, branding and product placement.

Aston Martin: A Closer Look at the New Consortium of Investors Coming In

Canada

Power Corporation of Canada operates as a diversified management and holding company. The Company invests in financial services, communications, utility, industrial, and energy sectors. Power serves customers worldwide.

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Power of Canada (POW CN)

Aston Martin: A Closer Look at the New Consortium of Investors Coming In

Aston Martin (AML LN) has been a trainwreck since its IPO in 2018. The Italian and Middle-Eastern private-equity owners cashed out some of their...

Nicolas Van Broekhoven

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