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

Health And Happiness (H&H) (1112.HK) - High Bankruptcy Risk Together with Gloomy Prospects

Health & Happiness: Not that Healthy After All and May Lead to Unhappy Shareholders?

Morning Views Asia: Honghua Group, Hopson Development, Tata Motors ADR

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

Health And Happiness (H&H) / Equity Bottom-Up

<ul>
<li>FY 2021 was a difficult period for <a href="https://www.smartkarma.com/entities/health-and-happiness-h-h-int" target="_blank" data-smartkarma-citation="entities:20582:1" rel="noopener">Health And Happiness (H&amp;H) (1112 HK)</a> with the lower than usual sales growth and a big one-off expenses. </li>
<li>It is true that the D/E ratio has gone up to 161% but this is not the first time it happened. </li>
<li>FCF/Sales remain at low double-digit and cash/TA is also at low double-digit so it is far from going bust.</li>
</ul>


FY 2021 was a difficult period for Health And Happiness (H&amp;H) (1112 HK) with the lower than usual sales growth and a big one-off expenses. 
It is true that the D/E ratio has gone up to 161% but this is not the first time it happened. 
FCF/Sales remain at low double-digit and cash/TA is also at low double-digit so it is far from going bust.


Health And Happiness (H&H)

H&H (1112): Difficult Period?