Danareksa Equity Snapshot - MYOR, 03 Desember 2018 Natalia Sutanto | Mayora reported that sales continued to grow strongly in October. For the full year, we still expect 19% top...
Danareksa Equity Snapshot - TINS, 29 November 2018 By Stefanus Darmagiri | Timah (TINS) reported net profits of IDR85bn in 3Q18 (-26.1% qoq and -43.0% yoy). Cumulatively, net profits reached IDR256bn (+15.0% yoy) in 9M18. The...
Danareksa Equity Snapshot - Construction Sector (OVERWEIGHT) Deconstructing the sector November 30, 2018 By Maria Renata |  We have employed a scoring methodology to assess the health of the construction sector and to...
FOONG Choong Chen Relase date: November 28, 2018 3Q18 results missed despite EBITDA recovery and lower core net loss qoq.Mobile service revenue growth jumped 12% qoq in 3Q18, surpassing peers.Maintain Add with a 27% lower target price of Rp3,600.
Kevie ADITYA SPTO is the sole distributor of TOTO sanitary products. Its 51%-owned East Java subsidiary plans to boost its capacity by c.500k pieces (pcs) p.a.An opportune time to Add as a bottoming property...
Patricia Marianne, Fanny Suherman, Baihaqi Azhari We hosted a two-day NDR for BBCA last week where it guided a mild loan growth target (c.9%) but higher NIM in 2019 amid expectation of higher rate.While we concur with the management that...
Timothy HANDERSON, Jovent GIOVANNY Relase date: November 26, 2018 Based on our checks, DMAS currently has c.100ha of industrial land sales in the pipeline to be finalised in 4Q and next year.Management seems confident of executing sales,...
Danareksa Equity Snapshot - ISAT, 28 November 2018 Niko Margaronis |  The main takeaway from our conference call with ISAT is that Ex-Java areas are seen as a land of opportunity...
Jovent GIOVANNY, Timothy HANDERSON and Leonardo TUKIMAN We hosted a two-day NDR for BBCA last week where it guided a mild loan growth target (c.9%) but higher NIM in 2019 amid expectation of higher rate. While...
Kevie ADITYA MatahariMall.com (c.20% owned by LPPF) plans to shut down its marketplace business and merge it with Matahari.com (fully owned by LPPF).While MatahariMall.com’s shutdown may not come as a surprise, we believe the move may spare LPPF from...