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

Tongda (698): 85% Discount to Higher Margin Business

Wasion Holdings (3393): More than Smart Power Meter

Wasion (3393): Profit Alert and OBOR Beneficiary

Primer: Wasion Group Holdings (3393 HK) - Nov 2025

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>
<a href="https://www.smartkarma.com/entities/wasion-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:421:1" rel="noopener">Wasion Group Holdings (3393 HK)</a>has filed an application to spin off its subsidiary, Wayon Energy. </li>
<li>The average valuation of its peers including <a href="https://www.smartkarma.com/entities/infineon-technologies-ag-b186d688-4649-4d6c-b335-f0eb2aa73c27" target="_blank" data-smartkarma-citation="entities:28576:1" rel="noopener">Infineon Technologies (IFNNY US)</a> , <a href="https://www.smartkarma.com/entities/stmicroelectronics-nv" target="_blank" data-smartkarma-citation="entities:21227:1" rel="noopener">STMicroelectronics NV (STM IM)</a> and <a href="https://www.smartkarma.com/entities/starpower-semiconductor-ltd" target="_blank" data-smartkarma-citation="entities:30089:1" rel="noopener">StarPower Semiconductor (603290 CH)</a> is 27x PER and 4.3x P/S. </li>
<li>Further upside of around 20-50% is expected based on the current data. More details to be provided upon further disclosure. </li>
</ul>



Wasion Group Holdings (3393 HK)has filed an application to spin off its subsidiary, Wayon Energy. 
The average valuation of its peers including Infineon Technologies (IFNNY US) , STMicroelectronics NV (STM IM) and StarPower Semiconductor (603290 CH) is 27x PER and 4.3x P/S. 
Further upside of around 20-50% is expected based on the current data. More details to be provided upon further disclosure. 


Wasion

Wasion (3393): Spin off Is Happening