Indonesia Autos - Downtrading price hike and weak demand
JT GHIndonesia's 9M24 4W sales reached IDR232tn (-12% y-y), with 633k units sold (-16% y-y) at an ASP of IDR368mn (
Indonesia's 9M24 4W sales reached IDR232tn (-12% y-y), with 633k units sold (-16% y-y) at an ASP of IDR368mn (
We recently visited WINS' newly acquired Platform Supply Vessel (PSV), the WM Mentawai, in Batam, Indonesia.
Transportation and Logistic WINS JK WINS IJ Jupriadi Tan Gerald Hugo
We trim our 2024F/2025F earnings estimates for AKRA by 7.2%/3.4% due to unfavorable general market conditions
Power and Utilities AKRA JK AKRA IJ Jupriadi Tan Gerald Hugo
Car sales in Indonesia have been sluggish — the latest sales (6MMA) at 70k vs pre-COVID normalized period of 8
We maintain our Buy rating on Saratoga Investama Sedaya (SRTG), with a target price of IDR3,000.
In this note, we assess the growth trend of the used car market and its correlation with new car prices in Ind
Jasa 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
DRMA margins have deteriorated in the past two quarters due to low production volume.
Astra Otoparts continues to show resilient earnings, which were driven by its trading
In autos, as discussed in our previous Anchor Report, Shifting gears —