18 December 2020
JSMR's revenue improved during 3Q/20, with an increase of +45.3% QoQ. The toll road segment contributed 62.3% to the revenue, with a growth of 70.1% QoQ vs -45.5% in 2Q/20. We project that the toll segment revenue in 4Q/20 will grow limited due to the curbing of the Christmas and New Year holidays at the end of 2020.
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17 December 2020
A significant quarterly improvement in 3Q20 has proven that management succeeded to overcome the challenging situation. We remain excited for next quarter as we believe MAPI can take the momentum of the upcoming festive season to boost sales.
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17 December 2020
In 3Q20, CTRA booked an income of IDR1.43 trillion (+11% QoQ, -4.9% YoY) or 19.6% higher than our estimates. However, GPM was slightly down to 43% (vs 45.5% 2Q20) due to high cost of goods sold. Meanwhile, gains from marketing sales in 3Q20 reached IDR1.75 trillion (+100.3% QoQ), continuing the positive recovery trend of marketing sales. In 2021, CTRA will focus on marketing sales income from sales of existing project.
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10 December 2020
HMSP’s performance in 3Q20 improved on quarterly basis, mainly driven by sales volume recovery in both SKM and SKT Products. Meanwhile, limited ASP increase due to unfavora-ble economic condition supported HMSP to secure its market share.
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30 November 2020
BBRI on a consolidated basis, recorded total loan amount of IDR922.9 trillion or grew 5.2% in the 1H20 period. This growth is in line with BBRI’s efforts, which is currently focused on restructuring loans.
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