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

Guangdong Investments (270): Retail to Utility

Guangdong Investment (270): Stable Diversifier and USD 1.3 Bn FCF

Opportunities Within the Global Utilities Sector

Guangdong Investment (270): Water as a Hedge

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>1Q26 result is quite good, high single digit growth in revenue and double digit earnings growth while maintaining a 6% dividend yield.</li>
<li>PER has gone up to 12x but is still cheaper than the historical average of 15-16x. It is valued in between China Water Affairs and Kurita Water.</li>
<li>Due to relatively low D/E ratio and the predictable cash flow coming from the HK water distribution business, GDI is a great liability-matching tool for pension fund managers. </li>
</ul>


1Q26 result is quite good, high single digit growth in revenue and double digit earnings growth while maintaining a 6% dividend yield.
PER has gone up to 12x but is still cheaper than the historical average of 15-16x. It is valued in between China Water Affairs and Kurita Water.
Due to relatively low D/E ratio and the predictable cash flow coming from the HK water distribution business, GDI is a great liability-matching tool for pension fund managers. 


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Guangdong Investment

Guangdong Investment (270): 1Q Result