Company Focus

27 Mei 2019

AUTOMOTIVE SECTOR UPDATE 27.05.2019

Stronger Incumbent Despite Weakening Sales   Weak 4W Sales Before the Election During 4M19, four wheels (4W) sales has weakened by -14.30%...

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13 Mei 2019

BANKING SECTOR UPDATE 13.05.2019

Stand Still as Defense Strategy   1Q19’s Results: Heavy Loan Disbursement, yet Expected Bottom Line Based on 1Q19 result, net profit...

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06 Mei 2019

PLANTATION SECTOR UPDATE 06.05.2019

PLANTATION SECTOR UPDATE Golden Momentum?   Industry Has Started to Show Recovery ? Indonesian CPO production recorded an increase of 12.91%...

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26 April 2019

Construction Sector Update 240419

Construction Sector Update - Neutral   Positive Growth Amid New Contracts Limited to FY18 The construction sector continues as a...

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21 Desember 2018

Coal Mining Sector Update 21.12.2018

Starting to Calm Down   Domestic Coal Policy: PP No 37/2018 and PP No 23/2018The Government of Indonesia has reduced coal mining company...

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22 November 2018

AUTOMOTIVE SECTOR UPDATE 22.11.2018

Who Will Win The Race?   Unexpected Position from Newcomers in LMPV…the increasing competition of 4W manufacturers in the LMPV segment...

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22 November 2018

PROPERTY SECTOR UPDATE 22.11.2018

Expected Trajectory, Still Down!   9M18 Results: Mixed Earnings, BSDE and ASRI Affected by FX LossesWe note developers under our coverage have...

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16 November 2018

CEMENT SECTOR UPDATE 16.11.2018

Margin Concerns   PSN of Road Sector Stimulates Bulk Consumption Cement producers booked positive revenue growth, with increasing sales...

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16 November 2018

BANKING SECTOR UPDATE 15.11.2018

Headwind From The Hawkish   Highlight of 9M18 Results: In-Line with EstimationsAs we see from 9M18 results, our banks universe (BBCA, BBNI,...

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15 November 2018

CONSUMER SECTOR UPDATE 15.11.18

Waiting for the Harvest   3Q18 Results: Slow but Sure! Household consumption, which contributed 55.26% to total GDP in 3Q18, grew by 5.01%...

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