Smart Calls with Smartkarma

In this special episode, recorded on 1 September 2021, we are excited to welcome back Insight Provider Mio Kato and the LightStream Research team, as they present unique views into approaching the Japanese market. Mio, along with Insight Providers Scott Foster, Shifara Samsudeen, and Oshadhi Kumarasiri, begin by outlining how their on-the-ground expertise benefits foreign investors. Then, they go over LightStream's 2021 high-conviction calls and see how they fare today, and offer two new promising names for investors interested in the market. 

LightStream Research conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia. The team supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available. They further refine the accuracy of their insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past. Learn more about their work: https://skr.ma/eQKDG9xGus2jsPJ76

Smartkarma subscribers can access the presentation slides here: https://skr.ma/12SavAuXvRsKSfeS8

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

On this episode, recorded on 16 July 2021, Insight Provider Henry Soediarko explores sectors to overweight and underweight in Indonesia. The country's healthcare system has been overwhelmed due to COVID-19, raising questions about hospital operators such as Mitra Keluarga Karyasehat Tbk (MIKA IJ) and Siloam International Hospital (SILO IJ), while tighter testing and vaccination regulations could bode well for Prodia (PRDA IJ) as the only listed entity in Indonesia with expertise on testing.

Smartkarma subscribers can find the presentation slides here: https://skr.ma/tV57MgVDki3urLjF9

Henry Soediarko is a Long & Short Investment Ideas generator for Asian Equities with 10 years of experience in a Hedge fund focused on bottom-up ideas, searching out mispriced ideas and misunderstood investment theses. He provides on-the-ground insights in various Asian markets with a sway towards ASEAN. Follow his work: https://skr.ma/519oVbvfExXVjMoa7

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

On this episode, we look at the BHP Group (BHP AU) reunification, after the recent announcement by the Group about unifying its corporate structure in order to make BHP "simpler and more agile". To help us explore the implications for investors, we welcome Insight Providers David Blennerhassett and Travis Lundy of Quiddity Advisors. 

David Blennerhassett is a highly experienced sell-side analyst with in excess of 20 years of covering Asia Pacific equities, the past 13 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades, and restructuring. 

Travis Lundy has 20+ years of experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies, with most of that time spent managing money. 

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

On this ESG-focused episode, based on a webinar organised in collaboration with SGX, we are thrilled to welcome back Insight Provider Kyle Rudden. Kyle shares insights on the trending issue of Environmental, Social, and Governance Investing, widely seen as a way of investing “sustainably” where investments are made with consideration of the environment and human well-being, as well as the economy. 

Kyle believes global sustainability is imperative and views private-sector capital as its cornerstone. As such, he supports the various impact-oriented strategies typically associated with ESG investing. However, his views on ESG and investing lean more pragmatic than idealistic, and his research focuses on applying ESG analysis to general investing rather than to "ESG investing" per se. Kyle subscribes to the Triple Bottom Line view of sustainability, where economic and financial metrics are deemed as important as ESG factors.

Follow Kyle's work: https://skr.ma/qcJeXohxz1dgqW5m7

Smartkarma users can find the presentation slides here: https://skr.ma/rNYWPrh3HC6Jcbmm6

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

In this episode, we are excited to host Insight Provider Sumeet Singh, Head of IPOs & Placements for Aequitas Research, who gives us an overview of Equity Capital Markets activity during busy 1H21 and takes us through the 2H21 pipeline, highlighting IPOs to look out for amid regulatory and other challenges.

Smartkarma users can find the presentation slides here: https://skr.ma/gcmKYut5tBGUU3Gy6

Sumeet Singh is Head of IPOs & Placements for Aequitas Research. Aequitas covers all IPOs and Placements across Asia-Pacific with a deal size of at least US$100m. As of June 2021, the team had covered 581 IPOs with a hit rate of 73.8% and 752 placements with a hit rate of 67.6%. Prior to Aequitas, Sumeet was heading Content Strategy for Smartkarma, along with covering IPOs & Placements, and in an earlier life covered ASEAN property and the banking space in India. Learn more about Aequitas Research: https://skr.ma/RK5Uy2HiWADGtXEk8

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

This episode takes a slightly different turn as we look at recent developments at Evergrande Real Estate Group (3333 HK). The highly indebted real estate company saw its share price jump from four-year lows on the resolution of a dispute with a Chinese bank last week, but trouble for China's largest property developer seems far from over. Insight Providers Travis Lundy and Charles Macgregor mull over the current situation and discuss where the company goes from here.

Travis Lundy has 20+ years of experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies, with most of that time spent managing money. 

Charles Macgregor is an industry veteran with over 35 years of experience. As Head of Asia, he is responsible for the Asian credit research product at Lucror, which he joined in 2013. Previously, he had worked for Deutsche Asset Management, where he was Head of Credit Research, Asia-Pacific and Co-Chair of their Global Credit Methodology Committee. He also worked at Moody’s, where he was a Senior Credit Officer and a member of their New Instruments Committee and Symbols & Definitions Committee. 

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

In this episode, we are happy to welcome Insight Provider Steven Chen to understand his quality-focused, business-perspective investing strategy and then dig deeper into some under-appreciated multi-bag picks that his strategy brings forth in China/Hong Kong.

Smartkarma users can find the presentation slides here: https://skr.ma/fVFHXaSQBaiNPVZd8

Steven Chen is a quality-focused, business-perspective investor with bottom-up opportunistic approaches, an ex-hedge fund analyst on Wall Street, a serial entrepreneur, a strategic advisor, a computer scientist, a free-market capitalist, and a global citizen. He is the founder of Urbem Capital. Follow his work: https://skr.ma/AJRjhRhTWW2u7aEs7

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

In this episode, we have the pleasure of hosting Insight Provider Manu Bhaskaran who tackles key macro themes in Asia, including the extent of geo-political risks in the region, increased bifurcation for the trajectories of the region's economies, and increased opportunity in new technologies which may be going unnoticed. 

Smartkarma users can find the presentation slides here: https://skr.ma/phVWG6b7DqtuX2JC7

Manu Bhaskaran is a leading Asia economist based in Singapore, with more than 30 years of experience in studying economic, political, and security issues that shape the business environment in Asia. He coordinates the Asian business of Washington DC-based strategic advisory firm, Centennial Group, directing its Asian economic research practice, which provides in-depth analysis of macro trends in Asia. He works extensively with investment institutions, government agencies, and corporations, and regularly presents his views on the economic, political, and business environment in Asia at business conferences and in-house briefings. He is a member of the Regional Advisory Group for Asia and the Pacific of the International Monetary Fund. Follow his work: https://skr.ma/1KmDj8DZ22Y2dPdA9

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

In this episode, we are excited to host Insight Provider Alec Tseung, who shares his views on the future of the brokerage sector in China amid competition from emerging online brokers, and outlines what he thinks of key players Futu and Huatai.

Smartkarma users can find the presentation slides here: https://skr.ma/kJPqtzGMzJt5kcNs6

Alec Tseung is an EM-focused Analyst. He previously spent time with Tencent, where he was responsible for the group's investments in overseas markets (Southeast Asia, the Middle East and Europe). Prior to Tencent, he was in the Principal Investments team at Swiss Re, where he focused on driving the group's investments into the financial services and fintech sectors in APAC. He has been responsible for investments and transactions of >$2 billion in total. Follow his work: https://skr.ma/yBkkY1SmMdjyXAD77

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

In this episode, we welcome back Insight Provider Jesus Rodriguez Aguilar to go over ideas in European Event-Driven. Jesus examines offers that target FTSE 250 companies (particularly in healthcare and financial services); the real estate sector in Central and Eastern Europe; and special situations in European share classes and holding companies.

Smartkarma users can find the presentation slides here: https://skr.ma/eLWj3gUjCu5HSxGA8

Jesus Rodriguez Aguilar is an Event-Driven Analyst looking across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. Follow his work: https://skr.ma/LeGpQ6EcivE9ZWhM7

This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.