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

The Week That Was in ASEAN@Smartkarma - Bank Mandiri, CPALL, and Grab Holdings

Siam Commercial Bank (SCB TB) - Creating Wealth Inside and Out

The Week That Was in ASEAN@Smartkarma - Grab Holdings, XL Axiata, and SCBX in Bloom

CPALL : Positive Catalyst from Tourism Recovery

Berli Jucker (BJC TB) - Big C on the Turn

CP AXTRA (CPAXTRA TB) - Governance Concerns over Property Investment

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>
<a href="https://www.smartkarma.com/entities/cp-all-pcl" target="_blank" data-smartkarma-citation="entities:13889:1" rel="noopener">CP ALL (CPALL TB)</a> has seen a rout in its share price as investors worry that it may be drawn into investing in <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings</a>.</li>
<li>Indications suggest that if it was to invest, the stake would be much smaller than previously reported and it would likely come with some beneficial concessions.</li>
<li>
<a href="https://www.smartkarma.com/entities/cp-all-pcl" target="_blank" data-smartkarma-citation="entities:13889:1" rel="noopener">CP ALL (CPALL TB)</a> continues to see a strong recovery in both sales and profitability, with a positive outlook for FY2025, whilst valuations have been compressed to attractive levels.</li>
</ul>



CP ALL (CPALL TB) has seen a rout in its share price as investors worry that it may be drawn into investing in Seven &amp; I Holdings.
Indications suggest that if it was to invest, the stake would be much smaller than previously reported and it would likely come with some beneficial concessions.

CP ALL (CPALL TB) continues to see a strong recovery in both sales and profitability, with a positive outlook for FY2025, whilst valuations have been compressed to attractive levels.


CP ALL (CPALL TB) - Caught in a Force Seven Gale

CP ALL PCL

CP ALL (CPALL TB) - Caught in a Force Seven Gale