Triputra Agro Persada (TAPG IJ) (Buy) - Multi-year growth trajectory
SH SCWe expect TAPG to book higher production growth in 2026...
AGRI-RELATED Triputra Agro Persada TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian
We expect TAPG to book higher production growth in 2026...
AGRI-RELATED Triputra Agro Persada TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian
Our industry survey encompassing 15 large FMCG...
CONSUMER RELATED Indonesia consumer Sandy Ham Jody Wijaya Samuel Christian Nayla Yasmin
We believe consumer sector is the least regulated...
CONSUMER RELATED Indonesia Consumer Sandy Ham Jody Wijaya Samuel Christian Nayla Yasmin
While the government’s proposed increase in day-old-chick (DOC)...
CONSUMER RELATED Indonesia Poultry Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
The MSCI Indonesia Index has declined by 20% since September 2024...
EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo Sandy Ham Jody Wijaya Michael Wildon Erwin Wijaya Samuel Christian David Tjahjadi Felix Justin Nayla Yasmin
Our analysis suggests that only a few retailers have...
RETAIL Daya Intiguna Yasa MDIY MDIY JK MDIY IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
Indonesia’s mini-market y-y sales growth came in...
CONSUMER RELATED Sumber Alfaria Trijaya AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
In our 3Q25F earnings preview of 13 October...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
Overall sales showed a better growth trajectory...
CONSUMER RELATED Indonesia FMCG Sandy Ham Samuel Christian Jody Wijaya
Our on-the-ground surveys reveal that the free nutritious meal program...
FOOD AND BEVERAGE Ultrajaya Milk Industry And Trading ULTJ ULTJ JK ULTJ IJ Sandy Ham Samuel Christian Jody Wijaya
We have tracked the progress of KLBF consumer health’s brand...
GENERAL CONSUMER Kalbe Farma KLBF KLBF JK KLBF IJ Sandy Ham Samuel Christian Jody Wijaya
We upgrade our NPAT forecast by 21%/22%/13% for FY25F/26F27F on...
FOOD AND BEVERAGE Mulia Boga Raya KEJU KEJU JK KEJU IJ Sandy Ham Samuel Christian Jody Wijaya
We upgrade our NPAT forecasts by +4.3%/4.6% for FY25F/FY26F...
GENERAL CONSUMER Cisarua Mountain Dairy CMRY CMRY JK CMRY IJ Sandy Ham Samuel Christian Jody Wijaya
We revise up our ASP forecasts for TAPG by...
AGRI-RELATED Triputra Agro Persada TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian
We continue to expect modest earnings delivery for the Indonesia...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Samuel Christian