Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

A Long & Short Investment Ideas generator for Asian Equities with 10 years experience in a Hedge fund focused on bottom-up ideas, searching out mispriced ideas and misunderstood investment thesis. Provides on-the-ground insights in various Asian markets with a sway towards ASEAN. Experienced and survived the Asian Financial Crisis in a family business, as well as the Global Financial Crisis in financial markets where lessons learned. It's all about understanding business drivers and navigating business cycles, which has high applicability in generating investment ideas. 

Investment horizon: Mid to Long term

Asian Insight Provider - Actionable ideas

A/H Premium Tracker (2 Weeks to 6 Feb 2026):  Slight H/A Under-Perf

BYD (1211 HK) Tactical Outlook: Higher Oil Prices Could Boost EV Demand

BYD (1211 HK) Tactical Outlook: Taking Off? NOT YET!

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 reintroduction of the EV sales tax in China dampened growth prospects so far, as reflected by the poor Jan and Feb 2026 sales numbers. </li>
<li>
<a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> created a new revenue stream in Australia besides selling EV units with a gross margin of almost 99%, although the impact on the company is still small. </li>
<li>Valuation is much more compelling now, but investors are cautioned to hold to see the impact on sales tax. The high oil price could spike interest in EVs again. </li>
</ul>


The reintroduction of the EV sales tax in China dampened growth prospects so far, as reflected by the poor Jan and Feb 2026 sales numbers. 

BYD (1211 HK) created a new revenue stream in Australia besides selling EV units with a gross margin of almost 99%, although the impact on the company is still small. 
Valuation is much more compelling now, but investors are cautioned to hold to see the impact on sales tax. The high oil price could spike interest in EVs again. 


BYD Company

BYD(1211): Neutral