Map Aktif Adiperkasa (MAPA IJ) (Buy) - Emerging stronger
JW SH SCOverall, the results were in line with our expectations, as we believe that 2Q24 marked the lowest margin poin
Retail MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
Overall, the results were in line with our expectations, as we believe that 2Q24 marked the lowest margin poin
Retail MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
Despite the anticipated rate cut cycle, we believe Indonesia banks have limited room to lower their cost of fu
Aspirasi Hidup Indonesia (ACES IJ, Neutral) — We estimate a robust 11%/13% y-y increase in both sales/net prof
Our analysis of FMCG and retail sales data of companies we track across Indonesia suggests that Sulawesi,
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
2Q24 result miss due to lower GPM; but it should be bottom GPM for the year
Retail MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
2Q24 review: ERAA upbeat and ACES downbeat were the only surprises Overall results were largely in line