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

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/minth-group-ltd" target="_blank" data-smartkarma-citation="entities:9232:1" rel="noopener">Minth Group Ltd (425 HK)</a> revenue went up by 14% (almost 3x of China’s passenger vehicle market, which grew 5%) and net income by 20% on 1H 24</li>
<li>It has developed <strong>environmentally friendly collision aluminum</strong>, with a carbon emission of less than 2.5 kg CO2 /Kg.AL while typically it produces 16 CO2/kg.AL</li>
<li>Battery housing business contributed 21% instead of 18% of total revenue with OPM expanded from 18% to 20%. </li>
</ul>



Minth Group Ltd (425 HK) revenue went up by 14% (almost 3x of China’s passenger vehicle market, which grew 5%) and net income by 20% on 1H 24
It has developed environmentally friendly collision aluminum, with a carbon emission of less than 2.5 kg CO2 /Kg.AL while typically it produces 16 CO2/kg.AL
Battery housing business contributed 21% instead of 18% of total revenue with OPM expanded from 18% to 20%. 


Minth (425): Battery Housing as New Growth Driver

CEO, Helixtap

Farah Miller

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Goodyear's 2Q 2024 sales miss expectations, with revenue falling to $4.57 billion, down 6.1% from the previous year.  </li><li>Global market turmoil on August 5, 2024, leads to significant declines in Goodyear's stock price, exacerbated by recession fears and the Bank of Japan's interest rate hike.  </li><li>Goodyear appoints Mamatha Chamarthi as Chief Digital Officer and Will Roland as Chief Marketing Officer to drive digital transformation and enhance customer engagement.</li></ul>

Goodyear's 2Q 2024 sales miss expectations, with revenue falling to $4.57 billion, down 6.1% from the previous year.  Global market turmoil on August 5, 2024, leads to significant declines in Goodyear's stock price, exacerbated by recession fears and the Bank of Japan's interest rate hike.  Goodyear appoints Mamatha Chamarthi as Chief Digital Officer and Will Roland as Chief Marketing Officer to drive digital transformation and enhance customer engagement.

Goodyear's 2Q Sales Fall Short Amid Global Market Turmoil And Strategic Shifts

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>Stellantis invested in Leapmotor and their joint venture will sell electric cars in Europe.</li>
<li>Two vehicle producers, GAC and Li Auto, are dismissing employees.</li>
<li>Tencent Music’s music revenue grew by 43% YoY in 1Q24.</li>
</ul>


Stellantis invested in Leapmotor and their joint venture will sell electric cars in Europe.
Two vehicle producers, GAC and Li Auto, are dismissing employees.
Tencent Music’s music revenue grew by 43% YoY in 1Q24.


China Consumption (20 May 2024): Leapmotor, Stellantis, GAC, Honda, Li Auto, ZTO, Tencent Music

Equity Analyst - Asia Consumer Sector, Investory

Devi Subhakesan

Equity Analyst - Asia Consumer Sector

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Event-Driven

Zhejiang Leapmotor Technologie / Event-Driven

<ul>
<li>Stellantis, the European automotive group, unveiled plans to distribute EVs made by <a href="https://www.smartkarma.com/entities/zhejiang-leapmotor-technologie" target="_blank" data-smartkarma-citation="entities:35968:1" rel="noopener">Zhejiang Leapmotor Technology (9863 HK)</a> across Europe, India, Asia Pacific, MEA, and South America via a 51/49 JV.</li>
<li>This could help <a href="https://www.smartkarma.com/entities/zhejiang-leapmotor-technologie" target="_blank" data-smartkarma-citation="entities:35968:1" rel="noopener"> Leapmotor (9863 HK)</a> leapfrog regulatory hurdles and hasten access to EV markets globally by leveraging <a href="https://www.smartkarma.com/entities/stellantis-nv-847415d2-edbe-4b97-b9c9-bece87ed6f72" target="_blank" data-smartkarma-citation="entities:27920:1" rel="noopener">Stellantis NV (STLA IM)</a> 's distribution network and manufacturing facilities.</li>
<li>Leapmotor could likely qualify and stand to benefit from Indian Government's recently announced policy initiatives for budget EVs.</li>
</ul>


Stellantis, the European automotive group, unveiled plans to distribute EVs made by Zhejiang Leapmotor Technology (9863 HK) across Europe, India, Asia Pacific, MEA, and South America via a 51/49 JV.
This could help  Leapmotor (9863 HK) leapfrog regulatory hurdles and hasten access to EV markets globally by leveraging Stellantis NV (STLA IM) 's distribution network and manufacturing facilities.
Leapmotor could likely qualify and stand to benefit from Indian Government's recently announced policy initiatives for budget EVs.


Leapmotor (9863 HK): Global Aspirations in JV with Stellantis - An Opportunity to Leapfrog?

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul>
<li>Stellantis has reported strong results in its Full Year 2023 Results, demonstrating the company's high resilience even amid challenges.</li>
<li>Stellantis' CEO, Carlos Tavares reflected on the record net revenues, net profit, and free cash flow for the year, showing an increase of 6%, 11%, and 19% respectively.</li>
<li>The CEO noted that Stellantis' strategy is all about profitable growth.</li>
</ul>


Stellantis has reported strong results in its Full Year 2023 Results, demonstrating the company's high resilience even amid challenges.
Stellantis' CEO, Carlos Tavares reflected on the record net revenues, net profit, and free cash flow for the year, showing an increase of 6%, 11%, and 19% respectively.
The CEO noted that Stellantis' strategy is all about profitable growth.


Stellantis N.V: Will Their Ambitious Electrification Strategy Yield Dividends?

Italy

Stellantis NV manufactures and markets automobiles and commercial vehicles. The Company also produces metallurgical products and production systems for the automobile industry, as well as owns publishing and insurance companies. Stellantis serves customers worldwide. ... More

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Stellantis NV (STLAM IM)

Minth (425): Battery Housing as New Growth Driver

Dirt cheap valuation (-27% YTD) while numbers have improved. Produced an environmentally friendly aluminum with 85% less emissions compared to...

Henry Soediarko

Goodyear's 2Q Sales Fall Short Amid Global Market Turmoil And Strategic Shifts

Goodyear misses 2Q revenue expectations amidst market volatility. Strategic leadership shifts aim to drive growth and innovation.

Helixtap

China Consumption (20 May 2024): Leapmotor, Stellantis, GAC, Honda, Li Auto, ZTO, Tencent Music

Stellantis and Leapmotor's joint venture will sell electric cars in Europe. GAC and Li Auto, are dismissing employees. Tencent Music’s music...

Ming Lu

Leapmotor (9863 HK): Global Aspirations in JV with Stellantis - An Opportunity to Leapfrog?

Leapmotor could get to access and compete in emerging EV markets globally within a shorter time frame than peers by leveraging on Stellantis'...

Devi Subhakesan

Stellantis N.V: Will Their Ambitious Electrification Strategy Yield Dividends?

Stellantis has reported strong results in its Full Year 2023 Results, demonstrating the company's high resilience even amid...

Baptista Research

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