Perspectives on investor relations.
Practitioner insights on investor relations, capital markets, and corporate disclosure — drawn from three decades of advising listed companies and IPO candidates across Southeast Asia.
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SubscribeThe Bedrock Papers
Twelve essays on what the literature actually says about investor communication, and where the IR profession stopped reading.
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The Rebuttal Papers
Six essays in which IR Advantage argues against its own published work — steelmanning the strongest case against each position, then ruling.
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The Human Residual
Six essays on what artificial intelligence cannot take from investor relations — as the machines absorb the mechanical layers of the job, value migrates to the human residual each one leaves behind.
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Will Indonesia Let Stock Prices Speak?
On 28 September Indonesia scraps the Rp50 price floor and restarts short selling; in January the 15% cap on daily falls goes too. The last time that cap came off, the next sell-off put it back.
Who Owns the Number?
Most IR failures get blamed on messaging, but they start earlier: with who inside the company owns the information and controls when it moves. When IR learns things last, late disclosure and inconsistent stories follow.
Will PSAK 118 Make Indonesian Companies Disclose Less?
From 2027, PSAK 118 makes Indonesian issuers audit and reconcile every adjusted measure they publish. When the United States tried this in 2003, companies disclosed fewer of them, then more. Indonesia may stop at fewer.
MY Value Up Has One Chance to Avoid Indonesia’s Mistake
Malaysia’s MY Value Up programme wants to reward good investor relations. Indonesia built a similar award two decades ago — and its bank annual reports now run past 1,200 pages, written for the judges rather than the investors they serve.
Failed to Exceed: The Expectations Trap in Quarterly Earnings
In 1997 a company I worked for posted 40–50% revenue growth and was punished for missing a number nobody had written down. The expectations game hasn’t changed. The only party at the table that cannot win is the company.
11x Returns, but He Was Already in the Elevator
A hedge fund investor heard the right answer, concluded we were lying, and missed an 11x return. The framework was the problem — and the solution.
The IPO Process Is Rigged — and That’s Exactly Why You Need Independent IR Counsel
In Southeast Asian IPOs, issuers routinely leave 20–50% on the table. The process isn’t broken — it’s working exactly as designed, just not for you.
Your IR Website Is Invisible to the Systems That Now Drive Investment Research
AI crawlers now read your IR website more than humans do. If your key figures are locked in PDFs or hidden behind JavaScript, the machines that now drive investment research get your story wrong.
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