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 Negara Indonesia (BBNI IJ) - A Distinctly Positive Tone

The Week That Was in ASEAN@Smartkarma - ACES Rebranding Prospects, BNI's Optimism, and Bank Mandiri

Indonesian Banks Screener; Bank Negara (BBNI IJ), the Value and Growth Pick

Bank Mandiri (BMRI IJ) - Setting the Pace in 2024

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-mandiri-persero-tbk-pt" target="_blank" data-smartkarma-citation="entities:441:1" rel="noopener">Bank Mandiri's</a> recent results reflect the success of the bank's strategy to grow higher-yielding loans and its strength in corporate, commercial, and consumer loans, with micro showing slower growth.</li>
<li>The bank funding base remains solid with strong CASA growth, helping it to maintain NIMs. Mandiri's mobile banking under Livin' continues to drive its transactional banking, loan and deposit growth.</li>
<li>
<a href="https://www.smartkarma.com/entities/bank-mandiri-persero-tbk-pt" target="_blank" data-smartkarma-citation="entities:441:1" rel="noopener">Bank Mandiri</a>'s upgrade to its loan growth projects speaks volumes about its confidence. With credit costs at less than 1% and ample liquidity, the bank is well-positioned for growth.</li>
</ul>



Bank Mandiri's recent results reflect the success of the bank's strategy to grow higher-yielding loans and its strength in corporate, commercial, and consumer loans, with micro showing slower growth.
The bank funding base remains solid with strong CASA growth, helping it to maintain NIMs. Mandiri's mobile banking under Livin' continues to drive its transactional banking, loan and deposit growth.

Bank Mandiri's upgrade to its loan growth projects speaks volumes about its confidence. With credit costs at less than 1% and ample liquidity, the bank is well-positioned for growth.


Bank Mandiri (BMRI IJ) - Escalating Returns and Lower Credit Costs

Bank Mandiri Persero

Bank Mandiri (BMRI IJ) - Escalating Returns and Lower Credit Costs