Danareksa Equity Snapshot | Natalia Sutanto Wemaintain our BUY recommendation on GGRM with a higher TP following the strongvolume growth in 9M18. With more growth expected in 2019 on the back ofgovernment plans to maintain cigarette excise tariffs, we...
Earnings review ANTM by Andy Wibowo Gunawan | Mirae Asset Sekuritas Indonesia In 3Q18, ANTM’s nickel ore production reached 2.7mn wmt (+64.3% QoQ; +40.6% YoY) and outnumbered our estimate at 2.3mn wmt. This higher nickel ore production was due to fewer rainy days in Sulawesi (10.4 days; -43.4% QoQ). Meanwhile, ANTM’s...
Danareksa Equity Snapshot - NFC ( NFCX. IJ.NOT RATED ) December 04 Niko Margaronis, Ignatius Teguh Prayoga NFCX is a pioneer in the development of digital platforms with its profit-making telco pulsa/credit exchange. And through OONA TV, the company is a prospective force in media using the advertising Video on Demand...
Danareksa Equity Snapshot - ANTM, 03 Desember 2018 Stefanus Darmagiri | Analyst |  Aneka Tambang (ANTM) reported net profits of IDR287bn in 3Q18 (+190.2% qoq, +74.1% yoy). This translated into...
Danareksa Equity Snapshot - MYOR, 03 Desember 2018 Natalia Sutanto | Mayora reported that sales continued to grow strongly in October. For the full year, we still expect 19% top...
Danareksa Equity Snapshot - TINS, 29 November 2018 By Stefanus Darmagiri | Timah (TINS) reported net profits of IDR85bn in 3Q18 (-26.1% qoq and -43.0% yoy). Cumulatively, net profits reached IDR256bn (+15.0% yoy) in 9M18. The...
Danareksa Equity Snapshot - Construction Sector (OVERWEIGHT) Deconstructing the sector November 30, 2018 By Maria Renata |  We have employed a scoring methodology to assess the health of the construction sector and to...
FOONG Choong Chen Relase date: November 28, 2018 3Q18 results missed despite EBITDA recovery and lower core net loss qoq.Mobile service revenue growth jumped 12% qoq in 3Q18, surpassing peers.Maintain Add with a 27% lower target price of Rp3,600.
Kevie ADITYA SPTO is the sole distributor of TOTO sanitary products. Its 51%-owned East Java subsidiary plans to boost its capacity by c.500k pieces (pcs) p.a.An opportune time to Add as a bottoming property...
Patricia Marianne, Fanny Suherman, Baihaqi Azhari We hosted a two-day NDR for BBCA last week where it guided a mild loan growth target (c.9%) but higher NIM in 2019 amid expectation of higher rate.While we concur with the management that...