Semen Indonesia Tbk (SMGR) Challenges Incubate Synergies
Better Performance in 3Q18 In 3Q18, SMGR’s sales and net profit soared by 21.8% q-q to IDR8.15 trillion and 99.3% q-q
Kalbe Farma Tbk (KLBF) Banks on Rupiah Appreciation
Sales Growth of 5.5% y-y KLBF proved its brighter performing by striving to hit sales growth of 5.5% from IDR5 trillion
Indo Tambangraya Megah Tbk (ITMG IJ) Excellent Performance and Higher Expectancy
3Q18 Performance: Above Estimates In 3Q18, ITMG posted the revenue of USD606 million (+40.8% q-q or +46.1% y-y)—higher
Ramayana Lestari Sentosa Tbk (RALS) Still Banks on Cost Control
Boosted by SSSG Performance of September 2018 RALS’s 3Q18 revenues were at IDR1.50 trillion (+6.5% y-y): the highest
Delta Dunia Makmur Tbk (DOID) Volume Record and Attractive Valuation
3Q18 Review: Buoyant Profitability For 3Q18, DOID posted the revenue of USD254 million (+24.9% q-q, +27.9% y-y) and the
Gudang Garam Tbk (GGRM) Potential Surprises of 2019’s Performance
Double-Digit Growth in Sales GGRM’s sales buoyed 15.5% from IDR21.2 trillion in 3Q17 to IDR24.5 trillion in 3Q18 thanks
Bank Central Asia Tbk (BBCA) Superb Performance, Rich Valuation
Excellent Performance BBCA’s 3Q18 interest income grew slightly by 5.5% y-y to IDR14.6 trillion, yet its net interest
Bank Rakyat Indonesia Tbk (BBRI) The Importance of Loan Acceleration
Sound Performance BBRI posted the interest income of IDR28.8 trillion, marking the 3Q18 growth of 7.9% y-y, all-time
Telekomunikasi Indonesia Tbk (TLKM) Rosier Performance
Better Performance Reaping Fruitful Outcome TLKM’s performance comes about our estimate of 3Q18 rosier performance. The
