Macquarie Asia Equity Research

Macquarie's Asia Equity Research team delivers insights, analysis and thought leadership for our institutional clients. Uniquely positioned as one of Asia’s most experienced research houses, our dedicated team covers more than 800 stocks across the region.

The team focusses on disruptive innovation across a broad range of industries from consumer and healthcare to technology and the transition to green energy. Our proprietary data sets and analysis help our clients with their investment processes to generate alpha.

11 markets

On-the-ground insights on strong thematic verticals

800+ stocks1

Differentiated coverage on 800-plus stocks across Asia

80+ analysts

Providing specialist coverage of 11 key sectors

Our D.E.L.T.A.H Strategy

Digital transformation

  • Fintech
  • Disruptive
    e-commerce
  • Software
  • AI
  • Interactive Entertainment
  • Online Media
  • Cloud

Energy transition

  • O&G
  • Hydrogen
  • Renewables
  • Energy Storage
  • Climate risk & insurance

Lifestyle

  • Education and EdTech
  • Luxury
  • Athleisure
  • Beauty
  • Food
    /Restaurants
  • Retail
    experience
  • Travel/tourism

Technology

  • Semis
  • Memory
  • Components
  • Upstream Chemicals and Materials
  • Datacenters

Automation & mobility

  • Autos
  • EV
  • ADAS
  • Robotics
  • Lasers

Health

  • Biotech
  • Pharma
  • Med devices
  • Hospitals
  • Digital health

Listen now

The rise of ecommerce in China

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. 

Our thematic insights

Macquarie Insights is an industry leading research portal covering a full range of sectors and markets.

Access to these reports is restricted to clients of Macquarie.

Asia in 2022 - The key themes to drive performance

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.

Divergent consumer demand for logistics services widens

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.

Digital wallets are upgrading to full banks driving investment

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.

Interested in this article but not a Macquarie client? Contact our team.

Autonomous Vehicles: A Data Center on wheels

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.

Interested in this article but not a Macquarie client? Contact our team.

Our perspectives

"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

Our people

"Macquarie Asia Equity Research aims to be a trusted partner to our clients, sifting through the noise to identify the cutting-edge thematics that are constantly redefining the markets, industries and economies of the incredibly dynamic Asia region.

Our approach is relentlessly bottom up, with a team of more than 80 analysts on the ground, stretching from Japan to India across 11 offices and covering over 800 stocks. Our strategy is to uncover disruptive innovation and the consequent potential to capture alpha.

From the re-invention of mobility, finance and retail, to the rapid impact of ESG on markets, to geo-political evolution, our analysts are thought leaders for the market."

Jake Lynch
Head of Research, Asia

Sector leaders

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

1. As of 31 March 2021