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SMGR – Lower Financial Costs, Boosts Performance

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  • Recent Posts
Ajeng Kartika Hapsari
Ajeng Kartika Hapsari
Analyst - Property, Construction
Ajeng Kartika Hapsari
Latest posts by Ajeng Kartika Hapsari (see all)
  • CTRA – Focused in Developing New Cluster in Existing Projects - December 8, 2021
  • PWON – Economic Recovery Boosts Recurring Income - December 1, 2021
  • PTPP – Targeting National Strategic Project (PSN) Contracts - November 22, 2021

SMGR’s revenue and profit in 2Q21 both grew 9.3% YoY and 4.2% YoY. Export sales volume increased 35.5% YoY. However, domestic sales went down 1.5%. We believe that SMGR should maximize its domestic sales, as we predict that export sales will tend to slow due to lockdowns in some export destination regions.

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