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

Bank Central Asia (BBCA IJ) - Strong Finisher

Bank Rakyat Indonesia (BBRI IJ) - Ultra Attractive

Indosat (ISAT IJ) - Rising ARPUs with an AI Twist

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

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>Prabowo's first 100 days in office have seen a mixed picture in terms of policy, with efforts to boost consumption and growth, whilst at the same time bolstering government revenues.</li>
<li>The recent rate cut was unexpected but represented BI's intention to drive growth rather than a flawed fixation on protecting the IDR, which given low inflation looks pragmatic. </li>
<li>Recent market weakness represents an opportunity to accumulate high-quality banks and consumer companies, which have seen a recent sell-down, with the IDR weakness likely to be temporary. </li>
</ul>


Prabowo's first 100 days in office have seen a mixed picture in terms of policy, with efforts to boost consumption and growth, whilst at the same time bolstering government revenues.
The recent rate cut was unexpected but represented BI's intention to drive growth rather than a flawed fixation on protecting the IDR, which given low inflation looks pragmatic. 
Recent market weakness represents an opportunity to accumulate high-quality banks and consumer companies, which have seen a recent sell-down, with the IDR weakness likely to be temporary. 


CrossASEAN Indonesia Strategy - Refining the Balance