Indonesia Autos - Recap 2024 and outlook 2025: Opsen and growth
JT DT GHWe maintain a neutral outlook for the auto sector. FY24 sales reached the lowest level since 2011
We maintain a neutral outlook for the auto sector. FY24 sales reached the lowest level since 2011
Conglomerates play a crucial role in nation-building. In this report, we analyze the businesses, profitability
We reduce FY24F/25F/26F earnings estimates by 20%/12%/5.1% as JIIPE (Java Integrated Industrial and Port Estat
POWER UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
We cut our FY24F/25F/26F earnings estimates for DRMA by 6.5%/9.0%/9.3% on likely subdued 4W wholesales in 2024
AUTOS AUTO PARTS DRMA DRMA JK DRMA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
We believe Indonesia’s logistics market is a potentially lucrative segment that is still underpenetrated.
Transport Logistics FMCG Jupriadi Tan David Tjahjadi Gerald Hugo