Indo Tambang Raya Megah Tbk (ITMG) Strives to Manage High Stripping Ratio
Room for Potential Hike in ASP In 4Q17, ITMG posted the sales of USD526 million (+28.5% y-y) coupled with the hike of
Unilever Indonesia Tbk (UNVR) Dilemma: Inclining Debt vs Declining Dividend
2017 Performance Review UNVR posted the increment of 2.9% in sales from IDR40 trillion in 2016 into IDR41.2 trillion in
Elnusa Tbk (ELSA) Hope of Picking Up Domestic Upstream Sector
4Q17 Performance Review ELSA posted the leap of 51.1% y-y into IDR1.65 trillion in revenue backed by the hike in all
Bank Mandiri Tbk (BMRI) Firm Stepping for Further Growth
4Q17 Performance Review BMRI posted the interest income of IDR20.2 trillion (+1.9% y-y) and the net interest income of
Bank Negara Indonesia Tbk (BBNI) Headwind of Lagging Growth
4Q17 Performance Review BBNI posted the interest income of IDR12.8 trillion (+8.0% y-y) and net interest income of
Elnusa Tbk (ELSA) Enjoying Opportune Backdrop
Enjoying Hike in Global Oil Prices ELSA’s current jump in revenue is underpinned by the hike in global oil prices
Bank Rakyat Indonesia Tbk (BBRI) On Track Growth Enhancer
4Q17 Performance Review BBRI posted the interest income of IDR25.6 trillion (+5.7% y-y) and net interest income (NII)
Tiga Pilar Sejahtera Food Tbk (AISA) Concern about Bond Maturity
3Q17 Underperformance AISA posted the decline in sales from IDR1.4 trillion in 3Q16 into IDR809 billion in 3Q17. The
Surya Citra Media Tbk (SCMA) Awaits Rosier Ads Spending
2017’s Performance Review: Weakened by lack of Ads Spending Although the increment of 27.8% in 2017’s audience share,
