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>The company is laser-focused on turning around, and the team managed to do that. </li>
<li>Valuations have normalized, and earnings guidance has improved thanks to the Sims Lifecycle services' growing activities. </li>
<li>The trend for hyperscalers like <a href="https://www.smartkarma.com/entities/alphabet-inc-cl-c" target="_blank" data-smartkarma-citation="entities:11369:1" rel="noopener">Alphabet (GOOG US)</a> , <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409:1" rel="noopener">Amazon (AMZN US)</a> and <a href="https://www.smartkarma.com/entities/microsoft-corp" target="_blank" data-smartkarma-citation="entities:15273:1" rel="noopener">Microsoft Corp (MSFT US)</a> replacing their older server racks for new ones is not ending anytime soon. </li>
</ul>


The company is laser-focused on turning around, and the team managed to do that. 
Valuations have normalized, and earnings guidance has improved thanks to the Sims Lifecycle services' growing activities. 
The trend for hyperscalers like Alphabet (GOOG US) , Amazon (AMZN US) and Microsoft Corp (MSFT US) replacing their older server racks for new ones is not ending anytime soon. 


Sims Ltd (SGM): After Rally 46%—What to Do?

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sims-metal-management-ltd" target="_blank" data-smartkarma-citation="entities:18184:1" rel="noopener">Sims Metal Management (SGM AU)</a> is undergoing restructuring that will catapult its share price even higher. </li>
<li>Sims Lifecycle Service, one of its subsidiaries, has a higher EBIT margin compared to the group and recycle parts from data centers. </li>
<li>Its EV/EBITDA and price to sales are not high compared to the historical data. </li>
</ul>



Sims Metal Management (SGM AU) is undergoing restructuring that will catapult its share price even higher. 
Sims Lifecycle Service, one of its subsidiaries, has a higher EBIT margin compared to the group and recycle parts from data centers. 
Its EV/EBITDA and price to sales are not high compared to the historical data. 


Sims Limited (SGM): Turnaround with AI Exposure

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cleanaway-co-ltd" target="_blank" data-smartkarma-citation="entities:13990:1" rel="noopener">Cleanaway (8422 TT)</a> share price has not moved in the upward direction despite earlier positive signs.</li>
<li>Key operational data suggest that the company should be in better shape soon, including higher revenue recognition and ramping up green energy deployment.</li>
<li>Recent month revenue growth of 100% YoY gives conviction that the company's earnings should be in the right upward trajectory. </li>
</ul>



Cleanaway (8422 TT) share price has not moved in the upward direction despite earlier positive signs.
Key operational data suggest that the company should be in better shape soon, including higher revenue recognition and ramping up green energy deployment.
Recent month revenue growth of 100% YoY gives conviction that the company's earnings should be in the right upward trajectory. 


Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We continue to see some encouraging signs that suggest that the lows may have been established for this correction.</li>
<li>We still believe a bottoming process would likely take weeks or potentially months and could come with more tests of the lows -- or even an undercut.</li>
<li>With that said, we continue to see attractive and actionable setups, primarily within cyclical value (Energy, Materials, Manufacturing, Transportation, and Financials).</li>
</ul>


We continue to see some encouraging signs that suggest that the lows may have been established for this correction.
We still believe a bottoming process would likely take weeks or potentially months and could come with more tests of the lows -- or even an undercut.
With that said, we continue to see attractive and actionable setups, primarily within cyclical value (Energy, Materials, Manufacturing, Transportation, and Financials).


Encouraging Signs, But Concerns Still Outweigh; Buying Materials, Energy, Industrials, Health Care

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>Last week's FOMC announcement and quad witching allowed for some breadth improvement, and the S&amp;P 500, Nasdaq 100, Russell 2000, and Russell Micro Cap indexes broke above their respective downtrends.</li>
<li>While this is undoubtedly a positive, we are waiting for more confirmation. It is not uncommon to have misdirection following important FOMC meetings.</li>
<li>The Russell 2000(IWM) remains below major resistance at $209, which was support for all of 2021. This is arguably the most important resistance level in regards to the broad market.</li>
</ul>


Last week's FOMC announcement and quad witching allowed for some breadth improvement, and the S&amp;P 500, Nasdaq 100, Russell 2000, and Russell Micro Cap indexes broke above their respective downtrends.
While this is undoubtedly a positive, we are waiting for more confirmation. It is not uncommon to have misdirection following important FOMC meetings.
The Russell 2000(IWM) remains below major resistance at $209, which was support for all of 2021. This is arguably the most important resistance level in regards to the broad market.


Russell 2000 Testing Resistance; Buying Steel, Copper, Uranium, Ag Equipment Stocks

Australia

Sims Metal Management Ltd. collects, sorts and processes scrap metal materials which are recycled for resale. The Company's divisions include ferrous recycling, non-ferrous recycling, secondary processing of non-ferrous metals and plastics, international trading of metal commodities and the merchandising of steel semi-fabricated products.

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Sims Metal Management (SGM AU)

Sims Ltd (SGM): After Rally 46%—What to Do?

Company successfully turned around with improved valuations and earnings guidance, driven by growth in Sims Lifecycle services and ongoing trend...

Henry Soediarko

Sims Limited (SGM): Turnaround with AI Exposure

Sims Metal Management restructuring set to boost share price, subsidiary Sims Lifecycle Service shows strong EBIT margin and potential for growth.

Henry Soediarko

Cleanaway (8422): Still Undervalued

Cleanaway Taiwan's share price has not moved up although key operational data suggests improvement is on the way, including YoY monthly revenue...

Henry Soediarko

Encouraging Signs, But Concerns Still Outweigh; Buying Materials, Energy, Industrials, Health Care

We continue to see some encouraging signs that suggest that the lows may have been established for this correction. Still, cyclical value remains...

Vermilion Research

Russell 2000 Testing Resistance; Buying Steel, Copper, Uranium, Ag Equipment Stocks

The Russell 2000 $IWM remains below major resistance at $209, which was support for all of 2021. This is arguably the most important resistance...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Sims Ltd (SGM): After Rally 46%—What to Do?

​Company successfully turned around with improved valuations and earnings guidance, driven by growth in Sims Lifecycle services and ongoing trend...

Henry Soediarko

Sims Limited (SGM): Turnaround with AI Exposure

​Sims Metal Management restructuring set to boost share price, subsidiary Sims Lifecycle Service shows strong EBIT margin and potential for growth.

Henry Soediarko

Cleanaway (8422): Still Undervalued

Cleanaway Taiwan's share price has not moved up although key operational data suggests improvement is on the way, including YoY monthly revenue...

Henry Soediarko

Encouraging Signs, But Concerns Still Outweigh; Buying Materials, Energy, Industrials, Health Care

We continue to see some encouraging signs that suggest that the lows may have been established for this correction. Still, cyclical value remains...

Vermilion Research

Russell 2000 Testing Resistance; Buying Steel, Copper, Uranium, Ag Equipment Stocks

The Russell 2000 $IWM remains below major resistance at $209, which was support for all of 2021. This is arguably the most important resistance...

Vermilion Research

Company successfully turned around with improved valuations and earnings guidance, driven by growth in Sims Lifecycle services and ongoing trend...

Sims Metal Management restructuring set to boost share price, subsidiary Sims Lifecycle Service shows strong EBIT margin and potential for growth.