ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

In Equity Sales and Research for more than 25 years covering Asian markets. Possesses in-depth knowledge of a wide range of companies, economies, and markets in Asia. Over his career, he has specialised in HK/China and ASEAN markets at various different Investment Banks, most recently heading equities in Indonesia for Bank of America Merrill Lynch in Jakarta for more than three years. Whilst in Jakarta, he produced a well-read daily and weekly product on the Indonesian market, which included company visits, as well as political, economic and sector commentary. A former racing skier, who enjoys ultra-marathons and surfing in his spare time.

ASEAN Insight Provider

Bank Central Asia (BBCA IJ) - Demonstrating Digital Prowess

The Week That Was in ASEAN@Smartkarma - Indonesia's FDI Surge, BCA, and Astra International

Indonesia: Chugging Along as 3Q22 Growth Perks Up

PT Bank Central Asia (BBCA IJ) - The Future Is Blu

Bank Central Asia (BBCA IJ) - Leading in Transactional Banking and Returns

Bank Central Asia (BBCA IJ)- Inflexion Point

Gravity Works As WeWork Doesn't; Now Plan B

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bank-central-asia-tbk-pt" target="_blank" data-smartkarma-citation="entities:440:1" rel="noopener">Bank Central Asia</a> booked an encouraging set of results in 1H2022, with especially strong growth in 2Q2022 for corporate loans and especially working capital loans as mobility returns.</li>
<li>Transactions grew by +40% YoY driven by mobile banking and increased customer numbers, which also helped to drive CASA up by +17% YoY supporting its low cost of funds. </li>
<li>
<a href="https://www.smartkarma.com/entities/bank-central-asia-tbk-pt" target="_blank" data-smartkarma-citation="entities:440:1" rel="noopener">Bank Central Asia</a>'s leading position in transactional banking continues to be cemented by its digital capabilities and the bank looks interesting in valuation terms from a historical basis. </li>
</ul>



Bank Central Asia booked an encouraging set of results in 1H2022, with especially strong growth in 2Q2022 for corporate loans and especially working capital loans as mobility returns.
Transactions grew by +40% YoY driven by mobile banking and increased customer numbers, which also helped to drive CASA up by +17% YoY supporting its low cost of funds. 

Bank Central Asia's leading position in transactional banking continues to be cemented by its digital capabilities and the bank looks interesting in valuation terms from a historical basis. 


Bank Central Asia (BBCA IJ) - Dominating Transactional Banking