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 - Siloam Intl Hospitals, BliBli & Djarum, and Delfi Ltd

Global Digital Niaga (BELI IJ) - BliBli Ploughing a More Profitable Furrow

Global Digital Niaga (BELI IJ) - Truly Omnichannel

BliBli (BELI IJ) - A Very Different Animal

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

Global Digital Niaga Tbk PT / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/global-digital-niaga-tbk-pt" target="_blank" data-smartkarma-citation="entities:34881:1" rel="noopener">Global Digital Niaga </a>(BliBli) will issue new shares through a private placement to Djarum Group, underlining the strong support from its parent as it continues to expand its omnichannel business.</li>
<li>The company is also close to completing a large-scale distribution centre in West Java to expand its logistics capacity and has also indicated expanding fintech exposure.</li>
<li>BliBli saw sharp improvements in take rates and profitability in 1H2024 as it focused on improving product mix. Net profit profitability is expected in FY2025.</li>
</ul>



Global Digital Niaga (BliBli) will issue new shares through a private placement to Djarum Group, underlining the strong support from its parent as it continues to expand its omnichannel business.
The company is also close to completing a large-scale distribution centre in West Java to expand its logistics capacity and has also indicated expanding fintech exposure.
BliBli saw sharp improvements in take rates and profitability in 1H2024 as it focused on improving product mix. Net profit profitability is expected in FY2025.


Global Digital Niaga (BELI IJ) - Vote of Confidence