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

Sarana Menara Nusantara (TOWR IJ): Potential Inclusion in MSCI & FTSE Indices

Smartkarma Corporate Webinar | TOWR IJ: The Buy, Build & Return Model

TOWR IJ Placement - Stock Has Had a Good Run but past Deals Haven't Been Great

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

Sarana Menara Nusantara / Equity Bottom-Up

<p>The accelerated digitalization in Indonesia excites many and can be seen with how much money has been thrown to the startups such as <a href="https://www.smartkarma.com/entities/gojek" target="_blank" data-smartkarma-citation="entities:25976:1" rel="noopener">Gojek (1379371D IJ)</a> , and <a href="https://www.smartkarma.com/entities/tokopedia-pt" target="_blank" data-smartkarma-citation="entities:24239:1" rel="noopener">Tokopedia PT (1087142D IJ)</a>, and many would think that smartphone upgrade is the key factor to play this, therefore, buying smartphone retailer such as <a href="https://www.smartkarma.com/entities/erajaya-swasembada-tbk-pt" target="_blank" data-smartkarma-citation="entities:18869:1" rel="noopener">Erajaya Swasembada (ERAA IJ)</a> or <a href="https://www.smartkarma.com/entities/trikomsel-oke-tbk-pt" target="_blank" data-smartkarma-citation="entities:4796:1" rel="noopener">Trikomsel Oke (TRIO IJ)</a> is the way to do it but telco tower such as <a href="https://www.smartkarma.com/entities/sarana-menara-nusantara-pt" target="_blank" data-smartkarma-citation="entities:6848:1" rel="noopener">Sarana Menara Nusantara (TOWR IJ)</a> provides growth with less volatility due to the long term, non-cancelable contract.</p>
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<p>The other fact is that the population per tower in Indonesia is still very high compared to other countries such as China and Japan although it is almost consistent with what they have in India. In order to optimize telco connectivity with the growing internet data demand, telco operators need to build more towers and <a href="https://www.smartkarma.com/entities/sarana-menara-nusantara-pt" target="_blank" data-smartkarma-citation="entities:6848:1" rel="noopener">Sarana Menara Nusantara (TOWR IJ)</a> is just the right player to do that. </p>
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The accelerated digitalization in Indonesia excites many and can be seen with how much money has been thrown to the startups such as Gojek (1379371D IJ) , and Tokopedia PT (1087142D IJ), and many would think that smartphone upgrade is the key factor to play this, therefore, buying smartphone retailer such as Erajaya Swasembada (ERAA IJ) or Trikomsel Oke (TRIO IJ) is the way to do it but telco tower such as Sarana Menara Nusantara (TOWR IJ) provides growth with less volatility due to the long term, non-cancelable contract.

The other fact is that the population per tower in Indonesia is still very high compared to other countries such as China and Japan although it is almost consistent with what they have in India. In order to optimize telco connectivity with the growing internet data demand, telco operators need to build more towers and Sarana Menara Nusantara (TOWR IJ) is just the right player to do that. 


Sarana Menara Nusantara (TOWR): Data Hungry Provider