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 - Telkom Digitally Remastered, MAPI, and DTAC & True Merger

Indosat Tbk PT (ISAT IJ) - A Turnaround in the Making?

Telekomunikasi Indonesia (TLKM IJ) - Increasingly Digital

Telkom Indonesia (TLKM IJ) - Digital Catalysts Abound?

Telekomunikasi Indonesia (TLKM IJ) - Dancing with the Digital Economy

Telekomunikasi Indonesia (TLKM IJ) - The Trend Is Digital

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

Telekomunikasi Indonesia / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/telekomunikasi-indonesia" target="_blank" data-smartkarma-citation="entities:1051:1" rel="noopener">Telekomunikasi Indonesia (TLKM IJ)</a> booked a respectable set of 9M2021 results with a strong performance from its digital business, now making up 77.5% of revenues</li>
<li>The company fixed-line services are becoming increasingly important, with Indohome fixed broadband leading the charge but areas such as data centres and enterprise are of growing importance.</li>
<li>
<a href="https://www.smartkarma.com/entities/telekomunikasi-indonesia" target="_blank" data-smartkarma-citation="entities:1051:1" rel="noopener">Telkom</a> looks relatively attractive valuation wise at a discount to the historical average but we see the potential for re-rating for its digital economy exposure both directly and indirectly.</li>
</ul>



Telekomunikasi Indonesia (TLKM IJ) booked a respectable set of 9M2021 results with a strong performance from its digital business, now making up 77.5% of revenues
The company fixed-line services are becoming increasingly important, with Indohome fixed broadband leading the charge but areas such as data centres and enterprise are of growing importance.

Telkom looks relatively attractive valuation wise at a discount to the historical average but we see the potential for re-rating for its digital economy exposure both directly and indirectly.


Telkom Indonesia (TLKM IJ) - Digital Evidence