Unilever Indonesia (UNVR IJ) (Neutral) - A long road ahead
SH SC JWBased on our observations over the past 1.5 years, we conclude that...
GENERAL CONSUMER UNVR UNVR JK UNVR IJ Sandy Ham Samuel Christian Jody Wijaya
Based on our observations over the past 1.5 years, we conclude that...
GENERAL CONSUMER UNVR UNVR JK UNVR IJ Sandy Ham Samuel Christian Jody Wijaya
As the quarterly results season approaches, we see...
Indonesia FFB production for the March-April period...
AGRI-RELATED TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian Nicholas Goei
We observed that middle-income consumers are moving...
GENERAL CONSUMER CMRY CMRY JK CMRY IJ Sandy Ham Jody Wijaya Samuel Christian
As highlighted in our 23 March note (Repositioning, revamping, and reallocating)...
GENERAL CONSUMER Kalbe Farma KLBF KLBF JK KLBF IJ Sandy Ham Jody Wijaya Samuel Christian
The government will launch six new major stimulus packages to boost consumption by this June...
ERAA’s performance has been underwhelming over the past three years...
RETAIL ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian
We believe reducing the income gap between rich and poor is the ultimate goal...
Based on a same-store sales growth (SSSG) data trend comparison...
Despite the timing difference of Lebaran...
RETAIL MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
While top-line weakness was anticipated due to...
CONSUMER RELATED ACES ACES JK ACES 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
KEJU sales grew +9% y-y in 1Q25...
FOOD AND BEVERAGE KEJU KEJUJK KEJU IJ Sandy Ham Jody Wijaya Samuel Christian
Alfamidi delivered a solid performance in 1Q25...
RETAIL MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian
AMRT started the year with a solid set of results...
CONSUMER RELATED AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian