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

Jasa Marga (JSMR): High Debt and Fully Valued

Platinum (PLAT): The Shoppers Coming Back

Jasa Marga (JSMR):Recovery Play and Low Capex

ASEAN Reopening: Tourism and Transport Reboot

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

<ul>
<li>Indonesia's reopening has happened for some time but <a href="https://www.smartkarma.com/entities/jasa-marga-persero-tbk-pt" target="_blank" data-smartkarma-citation="entities:12747:1" rel="noopener">Jasa Marga (Persero) (JSMR IJ)</a> share price has not moved much. </li>
<li>
<strong>On-The-Ground</strong> sources told that the traffic is back, especially in Jakarta where Jasa Marga has the most toll roads. </li>
<li>Pre-COVID it was trading at 2-3x PBR and now it’s only 1.35x PBR, premium to Bluebird but has a bigger market capitalization that makes JSMR more investable. </li>
</ul>


Indonesia's reopening has happened for some time but Jasa Marga (Persero) (JSMR IJ) share price has not moved much. 

On-The-Ground sources told that the traffic is back, especially in Jakarta where Jasa Marga has the most toll roads. 
Pre-COVID it was trading at 2-3x PBR and now it’s only 1.35x PBR, premium to Bluebird but has a bigger market capitalization that makes JSMR more investable. 


Jasa Marga (JSMR): Traffic Is Back, on the Ground Sources.