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
CTRA – Strategizing to Attract Homebuyers
CTRA's performance in 2Q20 was supported by revenue from the development segment with an 89% contribution. The Landed
CPIN – Looking Forward to Price Recovery
PSBB impacts the poultry sector, with the decrease of demand for chicken meat and egg resulting in the company’s sales
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
BMRI – Liquidity Excess to Support Expansion
BMRI’s current liquidity is fairly relaxed, in line with the gradually decreasing Loan to Deposit Ratio (LDR). As of
ERAA – Growth Slips, but Expect Gradual Recovery in 2H
ERAA posted below-expected performance throughout the second quarter, which mainly due to store closures and a sharp
PWON – Hit by PSBB Tightening
The strict PSBB (Large-Scale Social Restrictions) period in 2Q20 caused PWON's revenue to fall to IDR324 billion (-82.2%
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
MAPI – Overshadowed by a Prolonged PSBB
Retail has been one of the industries being hit the hardest by the pandemic, especially during 2Q20. However, we still
