Cautiously Optimistic Onward Key Takeaways:• Retail companies in our coverages have been showing recoveries. In 9M22, the aggregate revenue and...
Read MoreOne Giant Leap for Connectivity Key Takeaways• Several operators have spent majority of their FY22E capex for the development of FMC, such...
Read MoreDon’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...
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