Don’t Sweat Small Stuff Key Takeaways• In our view, the cement sector has potential to perform better in FY23F. This was driven from:...
Read MoreReiterate BUY on the back of earnings surprise & share price lag Key Takeaways• Solid performance : 9M22 net profit jumped +50.1% YoY to...
Read MoreOct-2022 SSSG Stayed Up in Positive Territory Key Takeaways• ACES recorded monthly sales of IDR517bn in Oct-2022 (-8.0% MoM) and cumulative...
Read MoreRiding the Opportunity of Economic RecoveryKey takeaways: • JSMR IJ recorded a steady growth of revenue of IDR11.7 tn (+10.2% YoY), below our...
Read MoreStrive to Grow More Sustainably INDY Looks to Diversify Further in Non-Coal Businesses • INDY is currently pursuing a more sustainable...
Read MoreRecovery Underway Key Takeaways• SIDO recorded revenue at IDR1.00tn in 3Q22 (+36.91% QoQ/-10.70% YoY), bringing 9M22’ revenue to...
Read MoreSummary of PTPP IJ Construction Project UpdatesPT PP (Persero) Tbk (PTPP IJ), a state owned construction company (51% stake owned by GoI) has...
Read MoreRock solid Bottomline Driven from Margin Expansion Key Takeaways:• In 9M22, AKRA IJ booked an impressive revenue growth of 100.5% YoY to...
Read MoreCloudy Sentiment Overshadowing Strong Fundamentals Key Takeaways• ARNA IJ booked net revenue of IDR2.00tn in 9M22, rose by 6.24% YoY (vs...
Read MoreSupportive Measures to Boost Fintech 1H22: Over Four-Fold Increase in Net Income• BCAP’s consolidated revenue grew by +8.19% YoY to...
Read More
