Erajaya Swasembada (ERAA IJ) (Buy) - The new era
JW SH SCERAA’s performance has been underwhelming over the past three years...
RETAIL ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian
ERAA’s performance has been underwhelming over the past three years...
RETAIL ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian
Despite the timing difference of Lebaran...
RETAIL MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
The group reported weak same-store sales growth...
RETAIL MAPI MAPI JK MAPI IJ Jody Wijaya Sandy Ham Samuel Christian
Alfamidi delivered a solid performance in 1Q25...
RETAIL MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian
Indonesian retailers still managed to record average top-line growth
MIDI’s top line expanded by 15% y-y, driven by strong performance ex-Java (+23% y-y).
RETAIL MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian
For decades, East Asian popular culture, including K-pop, K-dramas, and anime, has thrived domestically.
Based on our conversations with investors, many are concerned about the overall Indonesia consumer demand outl
We anticipate limited upside surprises in the retailers’ 4Q24F results,
After closing 105 Lawson store-in-store (SIS) locations in 9M24,
Retail MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian
While Mitra Adiperkasa’s (MAPI) 3Q24 y-y sales growth remained strong at +17%,
Retail MAPI MAPI JK MAPI IJ Jody Wijaya Sandy Ham Samuel Christian
Overall, the results were in line with our expectations, as we believe that 2Q24 marked the lowest margin poin
Retail MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
Despite the anticipated rate cut cycle, we believe Indonesia banks have limited room to lower their cost of fu
Aspirasi Hidup Indonesia (ACES IJ, Neutral) — We estimate a robust 11%/13% y-y increase in both sales/net prof
Our analysis of FMCG and retail sales data of companies we track across Indonesia suggests that Sulawesi,