TOWR – Solid Performance as a Pandemic Winner
Both top and bottom line are in line with our estimates; TOWR recorded double digit performance in 2020. Revenue (+15.4%
MYOR – Weakening Earnings
Although MYOR successfully posted strong revenue growth in 1Q21, higher raw material cost caused earnings to contract.
INTP – Cement Sales Volume Increases
INTP booked 1Q21 revenue up 2.2% YoY. Meanwhile, profit fell 12.3% YoY due to the decline in other income and tax
BSDE – Relying on Promotions to Boost Sales
BSDE booked 1Q21 marketing sales of IDR2.5 trillion, or achieving 35% of the 2021 target. With this outstanding
KLBF – Growth Remains on Track
KLBF reported 1Q21 results in line with market expectation. Meanwhile, we view KLBF is still attractive for a long-term
MIKA – Boosted by Covid-19 Related Services
MIKA continued its V-shaped recovery with a 1Q21 Revenue of IDR 1,204 Bn (up 37.6% yoy) and Net Income of IDR 374 Bn (up
TLKM – Planned Corporate Actions to Boost Company Value
TLKM booked a positive performance in 2020, where net profit grew by double digits at 11.5%. It was supported by revenue
MAPI – Strong Finish in 2020
The company faced a multitude of challenges in 2020 from Indonesia’s large-scale social restriction and curfew. However,
EXCL – Strengthen Digital Transformation Program to Gain Customers
EXCL’s revenue decreased by 3.8% yoy in 1Q21, mainly caused by some segments that fell rather significantly. Net income
