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 - Link Net, Jardine Matheson, and WeLab

The Week That Was in ASEAN@Smartkarma - Grab & Bank Fama, XL Axiata & Link Net, and Shopee in India

Link Net (LINK IJ) - Ahead on Poles and Subscribers

Link Net (LINK IJ) - Profitability Intact but Shy on Subscribers

Link Net (LINK IJ) - Multiple Catalysts in Place

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>
<a href="https://www.smartkarma.com/entities/link-net-tbk-pt" target="_blank" data-smartkarma-citation="entities:1050:1" rel="noopener">Link Net (LINK IJ)</a> released a solid set of 3Q2021 numbers despite aggressive lockdowns during the quarter, although subscriber numbers were low due to higher churn.</li>
<li>The company to increase homes passed plus it has seen an uplift in its enterprise business, which has significant growth potential.</li>
<li>The gamechanger for the company would be a majority stake sale to <a href="https://www.smartkarma.com/entities/xl-axiata-tbk-pt" target="_blank" data-smartkarma-citation="entities:15028:1" rel="noopener">XL Axiata (EXCL IJ),</a> which would give the company access to a huge potential subscriber base.</li>
</ul>



Link Net (LINK IJ) released a solid set of 3Q2021 numbers despite aggressive lockdowns during the quarter, although subscriber numbers were low due to higher churn.
The company to increase homes passed plus it has seen an uplift in its enterprise business, which has significant growth potential.
The gamechanger for the company would be a majority stake sale to XL Axiata (EXCL IJ), which would give the company access to a huge potential subscriber base.


Link Net (LINK IJ) - On the Cusp of a Game Change