SIDO – Growth Remains Intact
Going into 2021, we still prefer SIDO simply because it has a better margin among its peers, a healthy balance sheet,
SMGR – Bottom Line Growth Still Stagnant
SMGR’s top line was contracted by 5.9% YoY to IDR8.07 trillion. Meanwhile, decreasing interest and tax expenses
PGAS – LNG: Energy of the Future
PGAS booked a net profit growth of 28.9% yoy. Tight efficiency in the expense segment was the main growth driver
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
