UNTR – The Prospect of Coal Still Sluggish
In 1H20, UNTR’s net profit was down 28.3% YoY with lower revenue from construction machinery and mining contraction. Low
INCO – Solid Earnings in The First Semester
INCO posted a net profit of USD53 million in 1H20 and in-line with our expectation. The result was supported by higher
PGAS – Lower Results than Expected
PGAS reported 1H20 net profit of USD6.8 million or declining 88% YoY which means operational results still below our
ANTM – Performance Above Expectations
ANTM posted a net profit of IDR85 billion in 1H20 and outperformed our expectations. In 2Q20, ANTM recorded a net profit
TINS – Performance Gradually Improved
TINS posted a net loss of IDR390 billion in 1H20 but improved quarterly as the company recorded revenue recovery with a
LSIP – Still Positive but Below Expectation
LSIP posted 1H20 net profit of IDR92 billion or jumped 778% YoY, contributing to 32% of our 2020F revised target but
AALI – Solid Performance but Below Expectation
AALI reported 1H20 net profit of IDR391 billion or jumped 769% YoY, contributing to 72% of our 2020F target. ASP
ANTM – Modest Performance
ANTM recorded a modest performance with a net loss of IDR282 billion due to a decrease in revenue of up to 16.7% YoY. We
PGAS – Distribution Volume Potentially Down this Year
Revenue performance of PGAS in 1Q20 was stagnant with a decrease in net profit by 26.6% YoY due to forex loss of USD63
