Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

A Long & Short Investment Ideas generator for Asian Equities with 10 years experience in a Hedge fund focused on bottom-up ideas, searching out mispriced ideas and misunderstood investment thesis. Provides on-the-ground insights in various Asian markets with a sway towards ASEAN. Experienced and survived the Asian Financial Crisis in a family business, as well as the Global Financial Crisis in financial markets where lessons learned. It's all about understanding business drivers and navigating business cycles, which has high applicability in generating investment ideas. 

Investment horizon: Mid to Long term

Asian Insight Provider - Actionable ideas

BYD (比亚迪汽车) Placement - Should Cruise Through Smoothly

ECM Weekly (31st October 2021) - Patym, PolicyBazaar, Nykaa, HeMo, Clover Bio, UJU, Airdoc, Mitratel

ECM Weekly (7th November 2021) - KakaoBank, Ventia, Paytm, Mitratel, SF Intra-City, Sapphire Foods

BYD (1211): In-Vehicle Batteries to Power Growth

BYD (1211) Vs Tesla (TSLA): Fight over China

HSCEI Index Rebalance: BYD's Double Inclusion; Capping Changes Lead to High Turnover

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

<p>1H 2021 result for <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> was a good topline growth but not followed with a good bottom-line growth due to the gross profit margin contraction from the handset business while the auto business is still producing solid growth with more catalysts to come. </p><div>If investors are willing to take BYD Electronics' prospects, or long-only investors, when buying <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> then having BYD only is not a bad idea. However, if a long-short investor prefers not to have exposure to BYD Electronics while still very much in love with the BYD Auto business, then shorting BYD Electronics in addition to going long on BYD can be considered. </div><div>The ratio should be:</div><div>1. Long 100 shares of <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> </div><div>2. Short 50 shares of <a href="https://www.smartkarma.com/entities/byd-electronic-international-co-ltd" target="_blank" data-smartkarma-citation="entities:1927:1" rel="noopener">BYD Electronics (285 HK)</a> .</div>

1H 2021 result for BYD (1211 HK) was a good topline growth but not followed with a good bottom-line growth due to the gross profit margin contraction from the handset business while the auto business is still producing solid growth with more catalysts to come. If investors are willing to take BYD Electronics' prospects, or long-only investors, when buying BYD (1211 HK) then having BYD only is not a bad idea. However, if a long-short investor prefers not to have exposure to BYD Electronics while still very much in love with the BYD Auto business, then shorting BYD Electronics in addition to going long on BYD can be considered. The ratio should be:1. Long 100 shares of BYD (1211 HK) 2. Short 50 shares of BYD Electronics (285 HK) .

Contemporary Amperex Technology (CATL) (300750 CH)

BYD

Byd (1211) Vs BYDE (285): Carry On