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...
Timothy HANDERSON, Jovent GIOVANNY Relase date: November 26, 2018 Based on our checks, DMAS currently has c.100ha of industrial land sales in the pipeline to be finalised in 4Q and next year.Management seems confident of executing sales,...
Danareksa Equity Snapshot - ISAT, 28 November 2018 Niko Margaronis |  The main takeaway from our conference call with ISAT is that Ex-Java areas are seen as a land of opportunity...
Jovent GIOVANNY, Timothy HANDERSON and Leonardo TUKIMAN 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...
Kevie ADITYA MatahariMall.com (c.20% owned by LPPF) plans to shut down its marketplace business and merge it with Matahari.com (fully owned by LPPF).While MatahariMall.com’s shutdown may not come as a surprise, we believe the move may spare LPPF from...
Patricia GABRIELA UNVR’s share price has declined over the past 2 weeks as the talks of a change in LQ45 and IDX30 to free float adjusted weightings materialised.Based on IDX’s assessment, UNVR’s weighting in LQ45 could drop from 7.6%...
Danareksa Equity Snapshot - ISAT, 26 November 2018 By Niko Margaronis Further to the preliminary results, Indosat’s final 3Q18 results reveal that revenues are up 6% qoq driven by data services (+10%qoq on...
Danareksa Equity Snapshot - UNTR, 26 November 2018 Stefanus Darmagiri United Tractors (UNTR) reported impressive Komatsu sales volume of 500 units (+8.7% mom, +59.2% yoy) in Oct 2018, a record high...
Danareksa Equity Snapshot - INDF, 26 November 2018 November 27, 2018 10:58 WIB | Indofood Sukses Makmur(INDF IJ) Natalia Sutanto INDF is a good-value proxy to ICBP, as the latter makes a significant contribution to the...