Matahari Department Store Tbk (LPPF) Slight Decline in 3Q18’s Performance
Underpinned by Sales of Retail Segment On annual basis, LPPF’s 3Q18 performance slightly lowered. Revenue grew by 2.9%
Hanjaya Mandala Sampoerna Tbk (HMSP) Eyes on Excise Rates of 2019
3Q18’s Buoyant Sales of 10.4% HMSP enjoyed the growth of 10.4% in sales from IDR25.7 trillion in 3Q17 to IDR28.3
Pakuwon Jati Tbk (PWON) 3Q18: Pacing to Higher Gears
Top and Bottom Line Growth of Much Higher Than 20% 3Q18’s top and bottom line growth outstripped 3Q17’s growth of much
United Tractors Tbk (UNTR IJ) 3Q18 Review: Shrew to Exploit Opportune Backdrop
3Q18 Review: Top and Bottom Lines Fitting into Estimate In 3Q18, UNTR posted revenue of USD22.1 trillion (+11.3% q-q,
Vale Indonesia Tbk (INCO IJ) Missed Arrow
Bottom Line: Higher than Consensus but Lower than Our Estimate In 3Q18, INCO posted the net profit of USD25.8 million
Kalbe Farma Tbk (KLBF) Stable Growth
Single-Digit Growth in Sales KLBF is projected to post the growth of 3.4% in 2018’s sales. The growth is a lot lower
Jasa Armada Indonesia Tbk (IPCM) Is Akin to Marathon Runner
Is 2018’s Revenue Target Accomplished? We conduct a site visit to IPCM a few weeks ago. In the early of 2018, IPCM
Kimia Farma Tbk (KAEF) Aggressive Expansions
Increment of 20.2% in Sales KAEF’s sales are projected to surge by 20.2% from IDR6.12 trillion in 2017 to IDR7.36
XL Axiata Tbk (EXCL) Focus on Development of Data Segment
Partnership and Marketing: Fruitful Strategies In 2Q18, EXCL’s performance nudged up by 1% q-q and in 1H18 it also
