Bank Negara Indonesia Tbk (BBNI) Still Faces Headwind of Lagging Growth
1Q18 Growth Spurred by Net Fee Income BBNI booked the interest income of IDR12.7 trillion (+9.6 y-y) and net interest
Media Nusantara Citra Tbk (MNCN) Optimizes Internal Content Production
Outperformance in the End of 2017 MNCN marked the end of 2017 with posting the growth of 4.8% into IDR7.05 trillion in
Kalbe Farma Tbk (KLBF) Flat Growth Ahead
Growth of 2.4% in Sales KLBF’s sales grew by 2.4% from IDR4.89 trillion in 1Q17 into IDR5.01 trillion in 1Q18. The
Summarecon Agung Tbk (SMRA) Faces Debt Headwind
4Q17 Robust Marketing Sales Growth SMRA posted the 2017 growth of 4.5% y-y in revenue into IDR5.6 trillion and 16.2% in
Bukit Asam Tbk (PTBA) The Higher Export Volume in 2018
1Q18 Performance Overview PTBA posted the 1Q17 sales of IDR5.7 trillion picking up 26.4% y-y backed by the surge of
Indofood Sukses Makmur Tbk (INDF) Undervalued in Light of Stable Earnings
Performance of Agribusiness Segment: 2017 Performance Bolster INDF’s sales surged by 5.1% from IDR66.7 trillion in 2017
Ciputra Development Tbk (CTRA) Rosier Optimism
4Q17 Slight Margin Performance CTRA underperformed in 2017. Of note, its revenue declined by 4.40% y-y into IDR6.4
Surya Citra Media Tbk (SCMA) Embraces Turnaround Result
2017 Marked by Underperformance SCMA posted 2017 net profit of IDR1.3 trillion or edging down by 11.4% y-y. The
Gudang Garam Tbk (GGRM) Expects 2018 Better Performance
SKM Segment’s Lustrous Performance GGRM succeeded in posting growth of 9.2% in sales from IDR76.2 trillion in 2016 into
