ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

In Equity Sales and Research for more than 25 years covering Asian markets. Possesses in-depth knowledge of a wide range of companies, economies, and markets in Asia. Over his career, he has specialised in HK/China and ASEAN markets at various different Investment Banks, most recently heading equities in Indonesia for Bank of America Merrill Lynch in Jakarta for more than three years. Whilst in Jakarta, he produced a well-read daily and weekly product on the Indonesian market, which included company visits, as well as political, economic and sector commentary. A former racing skier, who enjoys ultra-marathons and surfing in his spare time.

ASEAN Insight Provider

Cisarua Mountain Dairy (CMRY IJ) - General Trade in the Cross Hairs

Cisarua Mountain Dairy (CMRY IJ) - Rising Star in Staples

Cisarua Mountain Dairy (CMRY IJ) - New Variants and Channels

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

Cisarua Mountain Dairy / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cisarua-mountain-dairy-pt-tbk" target="_blank" data-smartkarma-citation="entities:34999:1" rel="noopener">Cisarua Mountain Dairy (CMRY IJ)</a> booked a strong start to the year, with sales growing +12% YoY, but dairy was down while premium foods drove higher revenues.  </li>
<li>The company continues to drive growth through general trade and Miss Cimory, with plans to continue increasing its reach through more affordable products in both dairy and premium consumer foods.</li>
<li>
<a href="https://www.smartkarma.com/entities/cisarua-mountain-dairy-pt-tbk" target="_blank" data-smartkarma-citation="entities:34999:1" rel="noopener">Cisarua Mountain Dairy</a>'s strategy to shift the emphasis toward home consumption for consumer foods and an increasing emphasis on affordable products will help to underpin long-term sustainable growth. Valuations attractive. </li>
</ul>



Cisarua Mountain Dairy (CMRY IJ) booked a strong start to the year, with sales growing +12% YoY, but dairy was down while premium foods drove higher revenues.  
The company continues to drive growth through general trade and Miss Cimory, with plans to continue increasing its reach through more affordable products in both dairy and premium consumer foods.

Cisarua Mountain Dairy's strategy to shift the emphasis toward home consumption for consumer foods and an increasing emphasis on affordable products will help to underpin long-term sustainable growth. Valuations attractive. 


Cisarua Mountain Dairy (CMRY IJ) - Assuringly Diverse Protein Provider