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

Sari (ROTI): Long-Term Positive But No near Term Catalyst in FY 2018

Nippon Indosari Corpindo (ROTI IJ) ​- A Baker's Dozen - On the Ground in J-Town

Nippon Indosari Corpindo (ROTI IJ) - Enter the Baker!

The Nyepi Week that Was in ASEAN@Smartkarma - Infrastructure, Pizza, and Uber

ROTI - Daily Bread Dominator - Company Visit

Indonesian Infrastructure - UnUsual Suspects

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

PT Nippon Indosari Corpindo Tbk. (ROTI) / Equity Bottom-Up

PT Nippon Indosari Corpindo Tbk. (ROTI) (ROTI IJ)

<a href="https://www.smartkarma.com/profiles/937" target="_blank" data-smartkarma-citation="accounts:937">Angus Mackintosh</a> covered <a href="https://www.smartkarma.com/entities/1181" target="_blank" data-smartkarma-citation="entities:1181:1">Nippon Indosari Corpindo Tbk Pt (ROTI IJ)</a> in one of his many insights. I will try to wear my Indonesian hat and offer a local perspective in discussing a potential investment opportunity at ROTI. Although currently trading at a rich valuation (35x earnings and 2.3x PEG), the stock may just warrant a space in your portfolio given a big institutional shareholder investment that took place late last year (KKR) and the digitization impact to the business that could ramp up revenue while keeping the healthy margin rate. In this report I will address the following item:<ol class=""><li>Product - white bread, sweet bread, and cakes</li><li>Digitization and potential impact - a partnership with Go-jek</li><li>Partnership based business - recruiting distributor and sales agents</li><li>Shareholder structure - active shareholders that create value</li><li>Overseas expansion - Philippines and other</li><li>Price evolution - 21% discount to the highest PE</li><li>Conclusion - long-term Positive</li></ol>

Angus Mackintosh covered Nippon Indosari Corpindo Tbk Pt (ROTI IJ) in one of his many insights. I will try to wear my Indonesian hat and offer a local perspective in discussing a potential investment opportunity at ROTI. Although currently trading at a rich valuation (35x earnings and 2.3x PEG), the stock may just warrant a space in your portfolio given a big institutional shareholder investment that took place late last year (KKR) and the digitization impact to the business that could ramp up revenue while keeping the healthy margin rate. In this report I will address the following item:Product - white bread, sweet bread, and cakesDigitization and potential impact - a partnership with Go-jekPartnership based business - recruiting distributor and sales agentsShareholder structure - active shareholders that create valueOverseas expansion - Philippines and otherPrice evolution - 21% discount to the highest PEConclusion - long-term Positive

ROTI: Bread Goes for Abroad and Digitization