yudi
Administrator
Joined 11 months ago
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Bank Rakyat Indonesia BBRI IJ -Buy- A contrarian call
NS EWOn a YTD basis, BBRI’s share price has underperformed its peers (BMRI / BBCA / BBNI / BRIS – all Buys)
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Bank Central Asia BBCA IJ -Buy- Solid YTD Aug-24 results
NS EWBBCA has released its bank-only Aug-24 results. Monthly earnings of IDR4.6tn (-6% m-m / +22% y-y)
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Bank Rakyat Indonesia BBRI IJ -Buy- YTD Aug-24 On track to meet our projections
NS EWBBRI has released its bank-only Aug-24 results which suggests potential for the bank
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Indonesia banks - Easing credit risks
NS EWFollowing on our recent note on the banking sector (Indonesia Banks) in
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Indonesia Consumer - Regions with faster consumption growth in focus
SH JW SCOur analysis of FMCG and retail sales data of companies we track across Indonesia suggests that Sulawesi,
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Bank Negara Indonesia - BBNI IJ -Buy- Rolling forward valuation to 2025F
NS EWBBNI’s YTD Jul-24 results suggest minor operating improvement for the bank.
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Indonesia FMCG - Lucrative risk or reward
SH JW SCIndonesia listed FMCG firms have performed quite well relative to other ASEAN peers in terms of sales and earn
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Bank Syariah Indonesia - BRIS IJ -Buy- Plenty of growth drivers
NS EWBRIS’s share price has had a good run (YTD +78%), and post-merger, it has reached an all-time high of IDR3,10
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Indonesia Banks - Easing liquidity
NS EWWe expect easing liquidity for the Indonesian banking sector in 4Q24,
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Unilever Indonesia UNVR IJ -Reduce- Market share deterioration a concern
SH JW SCAs mentioned in our previous reports, Indonesia local FMCG companies have
Consumer UNVR JK UNVR IJ Sandy Ham Jody Wijaya Samuel Christian
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Mayora Indah MYOR IJ -Buy- Strong 3Q domestic and export sales momentum
SH JW SCBased 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
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Sariguna Primatirta CLEO IJ -Buy- Sales and margin can expand further
SH JW SCOur survey with distributors and wholesalers indicated that CLEO’s sales growth
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Jasa Marga Persero JSMR IJ - Buy - Leading toll road holding company in Indonesia
JT GHJasa Marga (JSMR) is a state-owned enterprise (SOE) holding company involved in the toll road business
Infra Engineering Construction JSMR JK JSMR IJ Jupriadi Tan Gerald Hugo
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Indonesia FMCG - Nutri-Grade labellings impact on consumers
SH JW SCThe Minister of Health (MoH) plans to implement the Nutri-Grade labelling system for beverages
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Indonesia Telecom - Bottoming ARPUs
NS EWSince the introduction of data services in the Indonesia telecom sector,