UOBKH: Indonesia Daily: Thursday, April 5, 2018 (Results: GGRM)

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April 5, 2018 Stock No Comments



Gudang Garam (GGRM IJ/BUY/Rp72,000/Target: Rp83,000)

2017: 16% yoy EPS growth; but street is forecasting 8.5% yoy 2018 EPS growth.

At A Glance


Bank Rakyat Indonesia: Subsidiary to IPO in May 18.

Kota Satu Properti: Planning to raise Rp50b by issuing 500 new shares through IPO.

Panca Mitra Multiperdana: Aims to raise Rp800b through IPO.

Telekomunikasi Indonesia: To acquire 51% shares of Swadharma Sarana Informatika through its subsidiary.

Vale Indonesia: Allocates capex of US$95m for 2018.


Banking: Consumption credit becomes the backbone for banks’ loan growth in 1Q18.

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