TINS – Efficiency Strategies to Improve Performance
TINS posted a net loss in 1Q20 due to high inventory cost and lower ASP but we are still optimistic for the 2020F
TINS posted a net loss in 1Q20 due to high inventory cost and lower ASP but we are still optimistic for the 2020F
Modest performance in 1Q20 because revenue and net profit slipped by 4% YoY and 20.6% YoY. Assumptions for
In 1Q20, INCO posted a net profit after recorded a net loss in the same period of last year. The operational side has
1Q20 result is below our expectation with a decrease in net profit by 40% YoY, which is the result of a 19% YoY decrease
The spread of COVID-19 will reduce supply and demand for CPO, the slow replanting program, and the potential of weather
INCO succeeded to book FY19 revenue of USD782 million, increasing by 0.7% YoY equal to 104.4% (+4.4%) from our estimate
Lower Revenue FY19 revenue of IDR84.4 trillion (-0.2% YoY) equal to 97.5% of our 2019's estimate of IDR86.3 trillion.
Projection of Coal Prices We project ICE Newcastle coal (CV: 6,000 kcal/kg) for 2020F-2021F to fall short in the range
Stellar Performance MEDC succeeded to gain revenues of USD1.02 billion (+10.3% YoY), backed by the oil & gas