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 Rakyat Indonesia, Buy Now Pay Later, and BFI Finance

Bank Negara Indonesia (BBNI IJ) - Catching the Digital Wave

CrossASEAN Digital - All Rise Indonesia's Digital Banks

Bank Mandiri (BMRI IJ) - Moving into Higher-Yielding Assets

Gravity Works As WeWork Doesn't; Now Plan B

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

Thematic (Sector/Industry)

Malaysia Consumer finance / Thematic (Sector/Industry)

<ul>
<li>Buy Now Pay Later (BNPL) is the happening area in South-East Asia fintech, and especially in Indonesia, where there are already 10 players vying for share in an embryonic market.</li>
<li>Cracks have begun to appear with BNPL in more developed markets on profitability and regulation but we see huge potential for upside in South-East Asia given few credit alternatives.</li>
<li>The Finaccel listing through a SPAC merger will focus investor interest on the space, given its subsidiary Kredivo has 50% share of the Indonesian BNPL market.</li>
</ul>


Buy Now Pay Later (BNPL) is the happening area in South-East Asia fintech, and especially in Indonesia, where there are already 10 players vying for share in an embryonic market.
Cracks have begun to appear with BNPL in more developed markets on profitability and regulation but we see huge potential for upside in South-East Asia given few credit alternatives.
The Finaccel listing through a SPAC merger will focus investor interest on the space, given its subsidiary Kredivo has 50% share of the Indonesian BNPL market.


CrossASEAN Digital - Is Buy Now Pay Later Different for South-East Asia?