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

The Week That Was in ASEAN@Smartkarma - Indonesian Media, Bank Mandiri, and Jardine Matheson.

Bank Mandiri (BMRI IJ) - Moving into Higher-Yielding Assets

CrossASEAN Digital - Is Buy Now Pay Later Different for South-East Asia?

CrossASEAN Digital - All Rise Indonesia's Digital Banks

Bank Mandiri (BMRI IJ) - Digital and Syariah Fuelled Recovery

Bank Mandiri Persero (BMRI IJ) - Time to Look Forward

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>Bank Mandiri stands out amongst the top 4 banks in that it has chosen to push its digital services through Livin' rather than a stand-alone digital bank.</li>
<li>The bank has already made significant progress with Livin' with 6m active users out of 30m customers and it is also developing wholesale digital banking through Kopra.</li>
<li>Bank Mandiri remains a core proxy for the recovery in Indonesian economic recovery with an increasing digital edge and valuations are attractive versus historical levels.</li>
</ul>


Bank Mandiri stands out amongst the top 4 banks in that it has chosen to push its digital services through Livin' rather than a stand-alone digital bank.
The bank has already made significant progress with Livin' with 6m active users out of 30m customers and it is also developing wholesale digital banking through Kopra.
Bank Mandiri remains a core proxy for the recovery in Indonesian economic recovery with an increasing digital edge and valuations are attractive versus historical levels.


Bank Mandiri Persero (BMRI IJ) - Livin' in Digital World