Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

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

Thematic (Sector/Industry)

<a href="https://www.smartkarma.com/profiles/667" target="_blank" data-smartkarma-citation="accounts:667">Alan Greene</a> did an amazing job explaining how <a href="https://www.smartkarma.com/entities/10946" target="_blank" data-smartkarma-citation="entities:10946:1">Lippo Malls Indonesia Retail Trust (LMRT SP)</a> business model which derive its revenue from booming Indonesian middle class that has more spending power (hence in IDR) yet Lippo Malls REIT receives its financing in SGD. The income-expense currency mismatch could swing either way; hurting or helping the P/L. The recent announcement from the Indonesian tax regulator that all income earned from building and land leases in Indonesia will be subjected to 10% withholding tax. In this report, a couple of real estates and property development companies' balance sheet are looked through to find out what are their exposure to the taxable sector and how much is the impact on the pre-tax margin.

Alan Greene did an amazing job explaining how Lippo Malls Indonesia Retail Trust (LMRT SP) business model which derive its revenue from booming Indonesian middle class that has more spending power (hence in IDR) yet Lippo Malls REIT receives its financing in SGD. The income-expense currency mismatch could swing either way; hurting or helping the P/L. The recent announcement from the Indonesian tax regulator that all income earned from building and land leases in Indonesia will be subjected to 10% withholding tax. In this report, a couple of real estates and property development companies' balance sheet are looked through to find out what are their exposure to the taxable sector and how much is the impact on the pre-tax margin. 

Indo Real Estate Tax - Who Needs to Pay Up?

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<div><h2>Indonesia Property - Stay out of the office and head to the Mall</h2></div>Whilst in Jakarta before the long weekend, I managed to collar the "Jedi" of the office market at Jones Lang Lasalle, Elliot Hawkins, who took me through the landscape in office, retail, condominiums and industrial property. Supply in the Jakarta Grade-A office market has surged in the last two years and will see an even larger addition to stock in 2018. 2016 saw 450,000 sqm of new supply and 2017 will see a whopping 700,000 sqm on…

Indonesia Property - Stay out of the office and head to the MallWhilst in Jakarta before the long weekend, I managed to collar the "Jedi" of the office market at Jones Lang Lasalle, Elliot Hawkins, who took me through the landscape in office, retail, condominiums and industrial property. Supply in the Jakarta Grade-A office market has surged in the last two years and will see an even larger addition to stock in 2018. 2016 saw 450,000 sqm of new supply and 2017 will see a whopping 700,000 sqm on…

Indonesia Property - Stay Out of the Office and Head to the Mall - On the Ground in J-Town

In a short May Day week, our Insight Providers continued to push out a whole host of actionable ideas and insightful content. <a href="https://www.smartkarma.com/profiles/766" target="_blank" data-smartkarma-citation="accounts:766">Athaporn Arayasantiparb, CFA</a> plucks out his top five contrarian picks in Thailand, compares <a href="https://www.smartkarma.com/entities/293" target="_blank" data-smartkarma-citation="entities:293:1">Kasikornbank Pcl (KBANK TB)</a> and <a href="https://www.smartkarma.com/entities/214" target="_blank" data-smartkarma-citation="entities:214:1">Siam Commercial Bank Pub Co (SCB TB)</a>, with a preference for the latter and lays out his Thai market strategy.<a href="https://www.smartkarma.com/profiles/36" target="_blank" data-smartkarma-citation="accounts:36">Charles De Trenck</a> examines the state of the shipping market after some recent acquisitions of Singapore Ship Trusts. Small cap maestro …

In a short May Day week, our Insight Providers continued to push out a whole host of actionable ideas and insightful content. Athaporn Arayasantiparb, CFA plucks out his top five contrarian picks in Thailand, compares Kasikornbank Pcl (KBANK TB) and Siam Commercial Bank Pub Co (SCB TB), with a preference for the latter and lays out his Thai market strategy.Charles De Trenck examines the state of the shipping market after some recent acquisitions of Singapore Ship Trusts. Small cap maestro …

The Week that Was in ASEAN@Smartkarma - Contrarians, Mechanics and Bankers

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-2312'>Alam Sutera Realty</a></li><li><a href='#lucror-entity-1909'>China Hongqiao</a></li><li><a href='#lucror-entity-3121'>Lippo Karawaci</a></li><li><a href='#lucror-entity-12763'>Tata Motors ADR</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Alam Sutera RealtyChina HongqiaoLippo KarawaciTata Motors ADR

Morning Views Asia: Alam Sutera Realty, China Hongqiao, Lippo Karawaci, Tata Motors ADR

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
<ul>
<li><a href="#lucror-entity-2312" target="_blank" rel="noopener">Alam Sutera Realty</a></li>
<li><a href="#lucror-entity-40676" target="_blank" rel="noopener">Renew Energy Global</a></li>
</ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

Alam Sutera Realty
Renew Energy Global


Morning Views Asia: Alam Sutera Realty, ReNew Energy Global

Indonesia

Alam Sutera Realty Tbk is an Indonesia-based integrated property developer focused on residential, commercial, and mixed-use developments, including shopping centers, recreational areas, and hotels. The company's core activities involve the construction and management of these properties, with significant projects in areas like Serpong and Tangerang. It was founded in 1993 and is headquartered in Jakarta, Indonesia.

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Alam Sutera Realty (ASRI IJ)

Indo Real Estate Tax - Who Needs to Pay Up?

Alan Greene did an amazing job explaining how Lippo Malls Indonesia Retail Trust (LMRT SP) business model which derive its revenue from booming...

Henry Soediarko

Indonesia Property - Stay Out of the Office and Head to the Mall - On the Ground in J-Town

Indonesia Property - Stay out of the office and head to the MallWhilst in Jakarta before the long weekend, I managed to collar the "Jedi" of the...

Angus Mackintosh

The Week that Was in ASEAN@Smartkarma - Contrarians, Mechanics and Bankers

In a short May Day week, our Insight Providers continued to push out a whole host of actionable ideas and insightful content. Athaporn...

Angus Mackintosh

Morning Views Asia: Alam Sutera Realty, China Hongqiao, Lippo Karawaci, Tata Motors ADR

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Morning Views Asia: Alam Sutera Realty, ReNew Energy Global

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

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52-week Range

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