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

PT Avia Avian (AVIA IJ) - Painting by Numbers

PT Avia Avian (AVIA IJ) - A More Glossy Future

The Week That Was in ASEAN@Smartkarma - Matahari Department Store, Avian's Glosy, and Vinfast

PT Avia Avian (AVIA IJ) - Painting Indonesia From Top to Bottom

Avia Avian IPO Trading - Not Cheap but Still Has Some Upside

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/pt-avia-avian" target="_blank" data-smartkarma-citation="entities:35034:1" rel="noopener">PT Avia Avian (AVIA IJ)</a> is known for its position as the leading and best-quality paint manufacturer in Indonesia but it now has an increasingly diverse products portfolio. </li>
<li>The company has successfully offset raw material price pressure with price rises to keep margins relatively steady and also saw a sharp pick up in sales in 2Q2022.</li>
<li>
<a href="https://www.smartkarma.com/entities/pt-avia-avian" target="_blank" data-smartkarma-citation="entities:35034:1" rel="noopener">Avian</a> continues to launch new products and build out new distribution centres to support future growth, with future M&amp;A also a potential growth driver. Valuations reflect its leading market position. </li>
</ul>



PT Avia Avian (AVIA IJ) is known for its position as the leading and best-quality paint manufacturer in Indonesia but it now has an increasingly diverse products portfolio. 
The company has successfully offset raw material price pressure with price rises to keep margins relatively steady and also saw a sharp pick up in sales in 2Q2022.

Avian continues to launch new products and build out new distribution centres to support future growth, with future M&amp;A also a potential growth driver. Valuations reflect its leading market position. 


PT Avia Avian

PT Avia Avian (AVIA IJ) - Beyond Paint