Eka Savitri Danareksa Equity Snapshot - BMRI, 15 November 2018 - We maintain our BUY call on BMRI with a higher GGM-derived TP of IDR8,700 (implying 2.07x 2019F P/BV) as we roll over our valuation to 2019F. Despite its strong corporate banking business, BMRI shall continue to expand into...
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...
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...
Gudang Garam (GGRM) - BUY (Maintain) Price: Rp78,200 - Target Price: Rp87,700 Akhmad Nurcahyadi Senior Research Analyst PT Samuel Sekuritas Indonesia|  Laba bersih yang masih bertumbuh YTD18 ditengah kontinuitas tekanan sektor, kami lihat akan kembali berlanjut hingga 19F, didorong...
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 - 22 November 2018 November 22, 2018 09:48 WIB  | KINO IJ.IDR 2,560. BUY.TP IDR 2,800  Natalia Sutanto | KINO reported strong volume growth in 9M18 for its major...
Danareksa Equity Snapshot - Telco price trends (OVERWEIGHT) November 21, 2018 10:32 WIB Niko Margaronis | We see the increase in TSEL’s July – August data prices as a much-needed quick fix applied nationwide, while in October TSEL fine-tuned its prices further. We do not expect much upside in...
Price: Rp11.800– TP: Rp 14.500 Sharlita L Malik Research Analyst PT Samuel Sekuritas Indonesia Kinerja 9M18 sesuai estimasi, potensi meningkatnya permintaan CPO ~10% di sisa tahun memberi ruang AALI untuk membukukan kinerja positif hingga 2019. Merekomendasikan BUY dengan TP : Rp 14,500. 3Q18 laba bersih Rp 342 miliar, 9M18 melemah 18% yoy, inline dengan...
Cigarette Sector Update - Neutral (Upgrade) Akhmad Nurcahyadi  Senior Research Analyst PT Samuel Sekuritas Indonesia |  November 21, 2018 - Pasca berita batalnya kenaikan cukai, kami kembali melakukan revaluation dengan menyesuaikan beberapa asumsi dan menghasilkan TP yang lebih tinggi. Rekomendasi sektor kami...
Adrianus Bias Prasuryo, Analyst PT UOB Kay Hian Sekuritas 9M18 results were weak as revenue fell 9.3% qoq in 3Q18 amid a record-low orderbook burn rate while 9M18 earnings fell 11.6% yoy on higher interest costs and opex. PTPP’s de-leveraging process will be longer than its peers’ as most of...