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

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

Thematic (Sector/Industry)

Malaysia Food and staples retailing / Thematic (Sector/Industry)

<ul>
<li>Online groceries are all the rage in South East Asia as consumers change their consumption habits but are still at an early stage with many years of growth ahead</li>
<li>A number of benchmark deals in the region with major e-commerce players such as <a href="https://www.smartkarma.com/entities/lazada-group" target="_blank" data-smartkarma-citation="entities:26148:1" rel="noopener">Lazada Group (LAZADA SP)</a>, <a href="https://www.smartkarma.com/entities/gojek" target="_blank" data-smartkarma-citation="entities:25976:1" rel="noopener">Gojek</a>, and <a href="https://www.smartkarma.com/entities/grab-holdings-inc" target="_blank" data-smartkarma-citation="entities:26950:1" rel="noopener">Grab (GRAB US)</a> underline the potential upside in the space</li>
<li>Listings of online grocery players may come in the near future but <a href="https://www.smartkarma.com/entities/pt-matahari-putra-prima" target="_blank" data-smartkarma-citation="entities:18045:1" rel="noopener">Pt Matahari Putra Prima (MPPA IJ)</a> and <a href="https://www.smartkarma.com/entities/supra-boga-lestari-tbk-pt" target="_blank" data-smartkarma-citation="entities:16780:1" rel="noopener">Supra Boga Lestari (RANC IJ)</a> are already involved through recent deals.</li>
</ul>


Online groceries are all the rage in South East Asia as consumers change their consumption habits but are still at an early stage with many years of growth ahead
A number of benchmark deals in the region with major e-commerce players such as Lazada Group (LAZADA SP), Gojek, and Grab (GRAB US) underline the potential upside in the space
Listings of online grocery players may come in the near future but Pt Matahari Putra Prima (MPPA IJ) and Supra Boga Lestari (RANC IJ) are already involved through recent deals.


CrossASEAN Digital - Online Groceries Are All the Rage