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

BFI Finance Indonesia (BFIN IJ) - Pole Position in Multifinance

The Week That Was in ASEAN@Smartkarma - Bank Jago, Meralco's Sell-Down, and Unilever Indonesia

GoTo (GOTO IJ) - Let the Synergistic Journey Begin

IDX30/​LQ45 Index Rebalance: Big Inflows on ARTO, BBRI, BBCA; Outflows on GOTO, TLKM, BMRI

CrossASEAN Digital - All Rise Indonesia's Digital Banks

GoTo (GOTO IJ) - Ploughing a Path to Profitability

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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-jago-tbk-pt" target="_blank" data-smartkarma-citation="entities:31094:1" rel="noopener">Bank Jago</a> recently released its 2Q2022 results. It again registered a quarterly profit, down on 1Q2021, and a victim of its own success but preparing well for future growth.</li>
<li>The bank continues to grow its KYC'd customers, which reached 3.3m in 2Q2022, with 300k-400k new customers a month as a result of improvements in the onboarding process. </li>
<li>
<a href="https://www.smartkarma.com/entities/bank-jago-tbk-pt" target="_blank" data-smartkarma-citation="entities:31094:1" rel="noopener">Bank Jago</a>'s future is all about its ecosystem and it has only started to scratch the surface of synergies but investors need to look to the long term for returns.</li>
</ul>



Bank Jago recently released its 2Q2022 results. It again registered a quarterly profit, down on 1Q2021, and a victim of its own success but preparing well for future growth.
The bank continues to grow its KYC'd customers, which reached 3.3m in 2Q2022, with 300k-400k new customers a month as a result of improvements in the onboarding process. 

Bank Jago's future is all about its ecosystem and it has only started to scratch the surface of synergies but investors need to look to the long term for returns.


Bank Tabungan Pensiunan Nasional (BTPN IJ)

Bank Jago (ARTO IJ) - Look to the Horizon

Bank Jago Tbk PT

Bank Jago (ARTO IJ) - Look to the Horizon