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...
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 - 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...
Adrianus Bias WTON recorded strong 3Q18 results with earnings surging 42.8% yoy/16% qoq while revenue only grew by 5.6% yoy/7.7% qoq amid sustainable margin improvement. These resulted in 9M18 revenue growing by 20% yoy...
Aksi korporasi PT Lippo Cikarang Tbk mendekonsolidasi PT Mahkota Sentosa Utama (MSU), pengembang proyek mega properti Meikarta berbuah manis. Emiten berkode LPCK itu meraup laba bersih Rp2,90 triliun atau naik 593% pada kuartal III 2018 lalu. Namun, bagaimana masa depan Meikarta dan Lippo Karawaci setelah pelepasan itu itu? Sejumlah analis...
Stevanus Juanda, PT UOB Kay Hian Sekuritas | 3Q18: EBIT Up 24.2%, But Share Price Down Post Results; Upgrade To BUY 3Q18 net income came in at Rp1,263b, rising 31% yoy with EBIT rising 24% yoy. 9M18 results are above expectations. The positive results were achieved on the back of...
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...
Natalia Sutanto Danareksa Equity Snapshot - UNVR, 15 November 2018 - UNVR is the biggest market cap stock in the consumer sector, with a weighting of around 8% in the IDX30. The plans of the regulator/bourse to change the index weighting (for IDX 30 or LQ45) that includes the free...
Stefanus Darmagiri Danareksa Equity Snapshot - ASII, 15 November 2018 - Astra International (ASII) further increased its monthly domestic car market share to 56.5% in Oct 2018 with stronger car sales (+20.1% mom vs. the industry’s figure of only +13.7% mom). Despite a slight decline in cumulative sales volume (-1.7%...
PT Semen Indonesia Tbk: Short Term Pain, Long Term Gain? (SMGR, Rp9.150, BUY, TP Rp10.500) Priscilla Thany/Riset Mandiri Sekuritas Lafarge Holcim dan SMGR telah menandatangani penjualan bersyarat dan persetujuan pembelian untuk pembuangan penjualan sebesar 80,6% kepemilikan...