On-the-ground insights on strong thematic verticals
Differentiated coverage on 800-plus stocks across Asia
Providing specialist coverage of 11 key sectors
This episode of Macquarie’s Perspectives podcast explores the rapid growth of ecommerce in China, which has the largest online retail market in the world.
Our host Jake Lynch, Head of Research in Macquarie Capital’s Asia Equity Research team, is joined by Ellie Jiang, the team’s internet analyst who specialises in ecommerce, online travel and the media industry. Together, they discuss some of the key drivers behind the market’s growth and the role that ecommerce continues to play during ongoing waves of COVID-19.
Under the D.E.L.T.A.H framework, the Equities Research Asian team has identified the most impactful investment themes into 2022 such as the Metaverse, digital decarbonisation, views on consumer prices inflation and reversals, and more. The report “Asia in 2022 - The key themes to drive performance” presents a comprehensive view to the latest debating ideas, refined and filtered insights of Macquarie’s Asia regional research team.
Interested in this article but not a Macquarie client? Contact our team.
While China’s express delivery industry has been the key beneficiary of the online retail evolution, the value proposition for integrated services is becoming more important. Demand for fresh produce, FMCG and catering is growing, and companies with scale and the ability to integrate with hybrid business models are set to lead.
Interested in this article but not a Macquarie client? Contact our team.
ASEAN has a lot of appeal for new digital financial services. With more than 70% of ASEAN’s population now online, the movement of wallet providers into banks to expand services beyond payments is a natural progression in their path to set up viable and saleable businesses in the region.
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We expect Vehicles that are largely autonomous to become commonplace by the middle of the decade. This revolution in mobility will require a wholesale re-engineering of the automobile electronics architecture and industry – creating an effective ‘Data Center on Wheels’. Auto OEMs, who were far behind two years ago, are coming back with strength but we think the best investment opportunities will lie with suppliers of automotive semiconductors and software.
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"The next 5-10 years will see large sustained investments in technology and chipmaking capacity, aimed at enabling broad-based diffusion of advanced data processing from the network edge, to the cloud. We expect significant innovation activity to be directed at discovering, and exploiting at scale, the business opportunities enabled by the flood of data from sensors and online activity.”
Damian Thong, Division Director
Senior Research Analyst
"As sustainable finance continues to mature into a core element of the financial services industry in Asia, investors need to be ahead of the curve when using ESG data to properly assess earnings risks and opportunities."
Charles Yonts
Sector Lead for Asia ESG
"China consumption is showing divergent trend with ultra-luxury gaining momentum post relaxation of city lockdowns, while mass market is seeing consumption trade down. We remain cautious on the consumer sector but look for a buying opportunity to emerge after cost pressures ease and investors recalibrate their expectations."
Linda Huang
Sector Lead for Consumer & Education
Damian Thong
Technology
Jayden Vantarakis
Financials & ASEAN Coverage
Charles Yonts
Asia ESG
Esme Pau
Internet & Digital Assets
John Conomos
APAC Quant
Nicolas Baratte
Technology & Telecom
Albert Miao
Energy & Materials
Linda Huang
Consumer & Education
Anna Park and Aditya Suresh
Petrochems
Viktor Shvets
Global Equity Strategy
