Aspirasi Hidup Indonesia (ACES IJ, Neutral) — We estimate a robust 11%/13% y-y increase in both sales/net prof

Retail Jody Wijaya Sandy Ham Samuel Christian

Over its nearly 30-year history, ACES has faced numerous challenges, including intense competition and the dis

Consumer Related ACES JK ACES IJ Jody Wijaya Sandy Ham Samuel Christian

Indonesia is a young nation (110mn population are below 40yrs, based on BPS) as well as social media-savvy (th

Consumer Related Sandy Ham Jody Wijaya Samuel Christian

We continue to like the six FMCG stocks (out of 12 under our coverage) in the order of

Food Beverage Sandy Ham Jody Wijaya Samuel Christian

AMRT has consistently outperformed its FMCG peers in terms of sales growth over the past decade

Consumer AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian

Our analysis of FMCG and retail sales data of companies we track across Indonesia suggests that Sulawesi,

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Indonesia listed FMCG firms have performed quite well relative to other ASEAN peers in terms of sales and earn

Food and Beverage Sandy Ham Jody Wijaya Samuel Christian

As mentioned in our previous reports, Indonesia local FMCG companies have

Consumer UNVR JK UNVR IJ Sandy Ham Jody Wijaya Samuel Christian

Based on our survey of distributors and wholesalers, MYOR's domestic sales may have grown

Consumer MYOR JK MYOR IJ Sandy Ham Jody Wijaya Samuel Christian

Our survey with distributors and wholesalers indicated that CLEO’s sales growth

Food and Beverage Sandy Ham Jody Wijaya Samuel Christian

The Minister of Health (MoH) plans to implement the Nutri-Grade labelling system for beverages

Food and Beverage Sandy Ham Jody Wijaya Samuel Christian

Consumer health is a very crucial division for KLBF, as it possesses the highest margin,

General Consumer Kalbe KLBF JK KLBF IJ Sandy Ham Jody Wijaya Samuel Christian

JA~DI, an Indonesian acronym for "Jajan di Alfamidi" (meaning “Snacking at Alfamidi”), is a pilot

Retail MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian

In this note, we reiterate our Buy call on the stock following the recent announcement that XL has entered

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Based on our survey of FMCG wholesalers and distributors, we reckon that ULTJ booked very strong sales growth

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