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

Elon's TeraFab. Genius Move Or Epic Nonsense?

Tesla Is Quietly Shifting Away From Cars—What Comes Next Could Be MUCH Bigger!

Tesla Is Making A $20B Bet To Control The Future Of AI!

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>Q1 26 result is out, EV sales are slowing down, but the more important thing is the shrinking regulatory credit, which is the highest-margin business. </li>
<li>The robotaxi and robotic businesses update indicates that they will come to life in 2027 onwards thus it should be adjusted in the valuation. </li>
<li>At 335x PER, taking into account the above data, <a href="https://www.smartkarma.com/entities/tesla-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla (TSLA US)</a> certainly looks expensive. If net margin is not improving, it calls for a lower valuation. </li>
</ul>


Q1 26 result is out, EV sales are slowing down, but the more important thing is the shrinking regulatory credit, which is the highest-margin business. 
The robotaxi and robotic businesses update indicates that they will come to life in 2027 onwards thus it should be adjusted in the valuation. 
At 335x PER, taking into account the above data, Tesla (TSLA US) certainly looks expensive. If net margin is not improving, it calls for a lower valuation. 


Tesla

Tesla (TSLA): Starts to Crack