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>1H result was mixed; revenue went up, but operating income was -57% YoY caused by EV margin contraction. </li>
<li>
<a href="https://www.smartkarma.com/entities/tesla-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla (TSLA US)</a> shut down its solar roof tiles, which was supposed to be a high-margin business due to a variety of reasons, including phasing out of Clean Energy Credit. 
</li>
<li>It has set a date for the Cybercap launch 3rd Sept 2026 that will push the share price up. Cover some of your short now to lock in your profit.</li>
</ul>


1H result was mixed; revenue went up, but operating income was -57% YoY caused by EV margin contraction. 

Tesla (TSLA US) shut down its solar roof tiles, which was supposed to be a high-margin business due to a variety of reasons, including phasing out of Clean Energy Credit. 

It has set a date for the Cybercap launch 3rd Sept 2026 that will push the share price up. Cover some of your short now to lock in your profit.


<ul>
<li>
<a href="https://www.smartkarma.com/entities/pt-erajaya-swasembada-tbk" target="_blank" data-smartkarma-citation="entities:18869:1" rel="noopener">Erajaya Swasembada (ERAA IJ)</a> used to be smartphone retailers (and other accessories), but lately they have taken strategic steps that will transform the company. </li>
<li>They have now become a lifestyle retail operator with JD Sports, Paris Baguette, and Bacha Coffee brands in Indonesia under their umbrella, as well as <a href="https://www.smartkarma.com/entities/xpeng-inc-class-a" target="_blank" data-smartkarma-citation="entities:33772:1" rel="noopener">XPeng (9868 HK)</a> .</li>
<li>Operational numbers have started to improve despite challenging conditions in Indonesia, and share price has started to climb up. </li>
</ul>



Erajaya Swasembada (ERAA IJ) used to be smartphone retailers (and other accessories), but lately they have taken strategic steps that will transform the company. 
They have now become a lifestyle retail operator with JD Sports, Paris Baguette, and Bacha Coffee brands in Indonesia under their umbrella, as well as XPeng (9868 HK) .
Operational numbers have started to improve despite challenging conditions in Indonesia, and share price has started to climb up. 


Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Marriage / Charts of the Day: Marriage loses its luster in China </li><li>China-U.S. /: Xi calls for stable ties in meeting with California Governor Newsom</li><li>Zhongzhi /: Shareholder in Zhongzhi-linked trust firm delists amid deepening liquidity crisis</li></ul>

Marriage / Charts of the Day: Marriage loses its luster in China China-U.S. /: Xi calls for stable ties in meeting with California Governor NewsomZhongzhi /: Shareholder in Zhongzhi-linked trust firm delists amid deepening liquidity crisis

CX Daily: Marriage Loses Its Luster in China 

<ul><li>Lou Jiwei /: Exclusive Interview: Lou Jiwei on tackling a greying China</li><li>Corruption /: Trending in China: ‘Lenient’ punishment of corrupt retired official sparks anger</li><li>XPeng /: XPeng suspends supply chain chief in internal graft crackdown</li></ul>

Lou Jiwei /: Exclusive Interview: Lou Jiwei on tackling a greying ChinaCorruption /: Trending in China: ‘Lenient’ punishment of corrupt retired official sparks angerXPeng /: XPeng suspends supply chain chief in internal graft crackdown

CX Daily: Exclusive Interview: Lou Jiwei on Tackling a Greying China

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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.

Equity Capital Markets

Qingtao KUNSHAN ENERGY DEVELOPMENT / Equity Capital Markets

Qingtao KUNSHAN ENERGY DEVELOPMENT (2648330D HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/qingtao-kunshan-energy-development" target="_blank" data-smartkarma-citation="entities:48116:1" rel="noopener">Qingtao KUNSHAN ENERGY DEVELOPMENT</a> (QEDG) plans to raise around US$900m in its upcoming Hong Kong IPO.</li>
<li>QEDG manufactures solid-liquid hybrid and all solid-state batteries for electric vehicle (EV) and energy storage system (ESS) applications.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Qingtao KUNSHAN ENERGY DEVELOPMENT (QEDG) plans to raise around US$900m in its upcoming Hong Kong IPO.
QEDG manufactures solid-liquid hybrid and all solid-state batteries for electric vehicle (EV) and energy storage system (ESS) applications.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Aequitas: Qingtao Energy Development Group Pre-IPO - Solid Lead but Others Planning to Enter

China

XPeng designs, develops, manufactures, and markets smart electric vehicles, integrating advanced technologies like autonomous driving and intelligent operating systems. Its product lineup includes a range of smart electric sedans, SUVs, and MPVs. The company was founded in 2014 and is headquartered in Guangzhou, China.

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XPeng (9868 HK)

Tesla (TSLA): Still a Short, But...

Still a short, but the imminent Cybercab launch date will push share price up. Please cover your shorts temporarily. You can always re-initiate...

Henry Soediarko

Erajaya (ERAA): Transformation

Erajaya has started its transformation to become a lifestyle brand operator in Indonesia and the early indications suggest that it works. Share...

Henry Soediarko

CX Daily: Marriage Loses Its Luster in China

Marriage / Charts of the Day: Marriage loses its luster in China The number of marriage registrations in China plunged last year to the fewest in...

Caixin Global

CX Daily: Exclusive Interview: Lou Jiwei on Tackling a Greying China

Lou Jiwei /: Exclusive Interview: Lou Jiwei on tackling a greying China Corruption /: Trending in China: ‘Lenient’ punishment of corrupt retired...

Caixin Global

Aequitas: Qingtao Energy Development Group Pre-IPO - Solid Lead but Others Planning to Enter

Qingtao Kunshan Energy Development (QEDG) plans to raise around US$900m in its upcoming Hong Kong IPO. In this note, we look at the company's past...

Sumeet Singh

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