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

Notes from the Silk Road: XTep Int’l Holdings (1368 HK): Negative Earnings Watch in Place

Notes from the Silk Road: XTep Intl Holdings (1368 HK):Athletic Wear Not on the China Consumer List

Anta's Rise to No.3 Sportswear Brand in Tmall Demonstrates Its Moat; FVE Raised to HKD 30 Per Share

Li Ning Placement - Expectations Adjusted, Overhang Removed

Field Trip to Anta's Headquarters Indicates Anta Is on the Right Track; Raising FVE by 5%

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

The recent NBA spat with the Chinese has strengthened <a href="https://www.smartkarma.com/entities/li-ning-co-ltd" target="_blank" data-smartkarma-citation="entities:6047:1" rel="noopener">Li Ning Co Ltd (2331 HK)</a> and <a href="https://www.smartkarma.com/entities/anta-sports-products-ltd" target="_blank" data-smartkarma-citation="entities:10261:1" rel="noopener">Anta Sports Products (2020 HK)</a> as the apparel stock of choice despite the former is the top performer in MSCI Consumer stock. However, Li Ning's recent track record focusing on e-commerce growth and ability to shorten their cash conversion cycle has made them the darling of apparel stock in China especially when Anta's cash conversion cycle has lengthened. While both stocks will benefit from the increased preference for the domestic product in China, Li Ning's share price is likely to run ahead of Anta's as it has happened for the past 12 months. The spread between Li Ning and Anta is going to continue....Long Li Ning and Short Anta.

The recent NBA spat with the Chinese has strengthened Li Ning Co Ltd (2331 HK) and Anta Sports Products (2020 HK) as the apparel stock of choice despite the former is the top performer in MSCI Consumer stock. However, Li Ning's recent track record focusing on e-commerce growth and ability to shorten their cash conversion cycle has made them the darling of apparel stock in China especially when Anta's cash conversion cycle has lengthened. While both stocks will benefit from the increased preference for the domestic product in China, Li Ning's share price is likely to run ahead of Anta's as it has happened for the past 12 months. The spread between Li Ning and Anta is going to continue....Long Li Ning and Short Anta. 

Li Ning

李寧か安踏か：どちら？