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

Far East Hospitality Trust (FEHT): Beneficiary of Opening Up

Sheng Siong (SSG): Sustainable High Growth?

2021 High Conviction: Singapore Travel Names in Bumpy Recovery

Comfort Delgro (CD): Staycation, Expo and No More Rental Relief

Comfort Delgro (CD): Undervalued and Recovery in Ridership

Comfort Delgro (CD): Back-To-Office (BTO)

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

<div>Adding Indonesia to the current 8 countries that Singapore has a reciprocal Green Lane travel arrangement with, we should expect an increase in mobility in Singapore as Indonesia contributes to the second largest number of tourists in Singapore besides China. There is also a pilot project of the travel bubble with Hong Kong that requires no 14-day quarantine. </div>
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<div>The shift WFO from WFH is not losing any momentum but slowly increasing. Majority Singaporeans uses public transport to go to work compared to private vehicles (public transport is the largest revenue contributor to Comfort Delgro). Phase III of COVID-19 reopening creates higher mobility from the higher number of participants allowed in various events including weddings and religious services. </div>
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<div>Let's not be fooled by the increase in the company's increase in PER, the increase was caused by the low earnings rather than an increase in share price thus for investors who have not have <a href="https://www.smartkarma.com/entities/comfortdelgro-corp-ltd" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">Comfortdelgro Corp (CD SP)</a> in the portfolio, they still have a chance to do it. </div>

Adding Indonesia to the current 8 countries that Singapore has a reciprocal Green Lane travel arrangement with, we should expect an increase in mobility in Singapore as Indonesia contributes to the second largest number of tourists in Singapore besides China. There is also a pilot project of the travel bubble with Hong Kong that requires no 14-day quarantine. 

The shift WFO from WFH is not losing any momentum but slowly increasing. Majority Singaporeans uses public transport to go to work compared to private vehicles (public transport is the largest revenue contributor to Comfort Delgro). Phase III of COVID-19 reopening creates higher mobility from the higher number of participants allowed in various events including weddings and religious services. 

Let's not be fooled by the increase in the company's increase in PER, the increase was caused by the low earnings rather than an increase in share price thus for investors who have not have Comfortdelgro Corp (CD SP) in the portfolio, they still have a chance to do it. 

ComfortDelgro (CD): Higher Mobility Expected