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

YTL Power International / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ytl-power-international-bhd" target="_blank" data-smartkarma-citation="entities:1239:1" rel="noopener">YTL Power International (YTLP MK)</a> has moved from a utility company to an AI value chain that commands higher valuation. </li>
<li>It partners with <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a>to build data centers in Johor area. </li>
<li>It also acts as foreign currency accumulator, as it borrows in MYR and receive revenue in both <a href="https://www.smartkarma.com/entities/gbp" target="_blank" data-smartkarma-citation="entities:22822:1" rel="noopener">GBP (GBPUSD CURNCY)</a> and <a href="https://www.smartkarma.com/entities/sgd" target="_blank" data-smartkarma-citation="entities:22827:1" rel="noopener">SGD (USDSGD CURNCY)</a> .</li>
</ul>



YTL Power International (YTLP MK) has moved from a utility company to an AI value chain that commands higher valuation. 
It partners with NVIDIA Corp (NVDA US)to build data centers in Johor area. 
It also acts as foreign currency accumulator, as it borrows in MYR and receive revenue in both GBP (GBPUSD CURNCY) and SGD (USDSGD CURNCY) .


CEO / Founder, Crea8

Kim-Hwa Lim

CEO / Founder

Make an Impact

Crea8

Crea8 blends AI-driven precision, big data scalability, and rigorous quantitative frameworks with seasoned human insight. By extracting actionable intelligence from vast global datasets, we eliminate emotional bias and deliver optimal risk-adjusted returns. Our hybrid approach uncovers hidden market efficiencies and ensures your capital is dynamically positioned across markets.

Cross Asset Strategy

<ul><li>The strategy seeks to invest in large and liquid companies in Malaysia.</li><li>These stocks have more analyst coverage and can be traded easier with lower price impact.</li><li>By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across industries; and optimised with respect to their expected risks and returns.</li></ul>

The strategy seeks to invest in large and liquid companies in Malaysia.These stocks have more analyst coverage and can be traded easier with lower price impact.By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across industries; and optimised with respect to their expected risks and returns.

Malaysia Large Cap Portfolio (14-Sep-2026)

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

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

Research Reinvented

<ul>
 <li>YTL Power is strategically pivoting towards high-growth digital infrastructure, exemplified by its landmark AI data center partnership with NVIDIA, which is poised to become a significant future earnings driver.</li>
 <li>The company's regulated assets, particularly Wessex Water in the UK and PowerSeraya in Singapore, provide stable, recurring cash flows, though the latter is facing near-term margin pressures.</li>
 <li>While recent quarterly earnings have shown a decline due to challenges in the Singapore power market and telecom losses, the long-term outlook is supported by the monetization potential of its data center business and stable utility operations.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  YTL Power is strategically pivoting towards high-growth digital infrastructure, exemplified by its landmark AI data center partnership with NVIDIA, which is poised to become a significant future earnings driver.
  The company's regulated assets, particularly Wessex Water in the UK and PowerSeraya in Singapore, provide stable, recurring cash flows, though the latter is facing near-term margin pressures.
  While recent quarterly earnings have shown a decline due to challenges in the Singapore power market and telecom losses, the long-term outlook is supported by the monetization potential of its data center business and stable utility operations.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: YTL Power International (YTLP MK) - Aug 2026

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Despite trading up from its multi-year low implied stub and simple ratio (<a href="https://www.smartkarma.com/entities/softbank-group-corp" target="_blank" data-smartkarma-citation="entities:315:1" rel="noopener">Softbank Group (9984 JP)</a>/<a href="https://www.smartkarma.com/entities/arm-holdings-inc" target="_blank" data-smartkarma-citation="entities:21816:1" rel="noopener">ARM Holdings (ARM US)</a>), SoftBank remains "cheap".</li>
<li>Preceding my comments on SoftBank - and <a href="https://www.smartkarma.com/entities/ytl-corp-bhd" target="_blank" data-smartkarma-citation="entities:8553:1" rel="noopener">YTL Corp (YTL MK)</a>- are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>


Despite trading up from its multi-year low implied stub and simple ratio (Softbank Group (9984 JP)/ARM Holdings (ARM US)), SoftBank remains "cheap".
Preceding my comments on SoftBank - and YTL Corp (YTL MK)- are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


StubWorld: A SoftBank Set-Up Hinges Off Its All-In OpenAI Bet

<ul><li>The strategy seeks to invest in large and liquid companies in Malaysia.</li><li>These stocks have more analyst coverage and can be traded easier with lower price impact.</li><li>By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across industries; and optimised with respect to their expected risks and returns.</li></ul>

Malaysia Large Cap Portfolio (18-Aug-2026)

Malaysia

YTL Power International Berhad is an investment holding company which provides administrative and technical support services. Through its subsidiaries, the Company develops, constructs, maintains, and operates power stations which includes Paka Power Station in Terengganu and Pasir Gudang Power Station in Johor.

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YTL Power International (YTLP MK)

YTL Power: Transformation

YTL Power has transformed from utility company to AI supply chain company that commands higher premium. It has around 12% of its market cap in...

Henry Soediarko

Malaysia Large Cap Portfolio (14-Sep-2026)

The strategy seeks to invest in large and liquid companies in Malaysia. These stocks have more analyst coverage and can be traded easier with...

Crea8

Primer: YTL Power International (YTLP MK) - Aug 2026

YTL Power is strategically pivoting towards high-growth digital infrastructure, exemplified by its landmark AI data center partnership with...

αSK Primers

StubWorld: A SoftBank Set-Up Hinges Off Its All-In OpenAI Bet

From an implied stub angle, and IF you have a strong opinion on OpenAI, I might be inclined to set up the stub here. The simple ratio - SoftBank...

David Blennerhassett

Malaysia Large Cap Portfolio (18-Aug-2026)

The strategy seeks to invest in large and liquid companies in Malaysia. These stocks have more analyst coverage and can be traded easier with...

Crea8

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