Search result for: "global economic slowdown"

Amidst the global uncertainty and the global economic slowdown, Mayora Indah (MYOR IJ) is still optimistic of developing its business. In fact, the biggest exporter of consumer goods it hopes the demand for instant coffee and biscuits were able to push the double.

Mayora Indah, Tbk (MYOR IJ) will continue to strengthen export market penetration. Africa became one of the targets of the sales. In fact, these issuers already sells a number of products in.

Wijaya Karya Profit IDR 324.75 Billion. One of the construction companies own by the Indonesian Government. Wijaya Karya Tbk (WIKA IJ) post a net profit of Rp 324.75 billion in the first semester of 2020. This record was support by WIKA sales of Rp. 7.13 trillion, the majority of which was contribute by infrastructure and.

Foreign Investor Sell UNTR IDR3Trn. The subsidiary of Astra International Tbk (ASII), United Tractors Tbk (UNTR), leads a line of top-losers stocks on trade this Monday (08/12) after its stock price drops to 4.31% amid declining commodity prices of both mining and oil crude palm oil.

Global uncertainty makes the performance of Chandra Asri Petrochemical, Tbk (TPIA IJ) is depressed. Through the year 2018, TPIA net profits were down 42.9% to USD181.65Mn of.

We reinitiate coverage on the Indonesia Towerco sector with a NEUTRAL call premised on: i) the structural and operational headwinds impacting the sector in the longer term, ii) the still relatively attractive/superior EBITDA margin of the ITCs, iii) potential for opportunistic M&As, iv) and the valuation discount that the ITCs trade at when stacked against.

We upgrade the media sector to OVERWEIGHT (from Neutral) on the economy’s potential recovery, driven by government support in boosting consumption. The media industry’s long-term growth outlook remains strong, as TV dominates the ad spend market. Meanwhile, online companies have helped improve the growth of media operators via aggressive ad spending on TV stations. We.

While the growth of Indonesia’s media industry has slowed down to 9% (from a 21% mean in 2010-2014), media is still the most effective tool to promote consumer products, due to its long-term prospects. We believe ad spending may improve when the economy recovers. We initiate coverage on the sector with a NEUTRAL rating and.

We reinitiate coverage on Media Nusantara Citra with a NEUTRAL call and DCF-derived TP of IDR2,100 (8% upside, 18.6x/16.0x FY15F/FY16F P/Es). Ad revenue is particularly challenging in FY15 amid economic headwinds, but we estimate that the newly-acquired I-News TV could grow at a 60% CAGR over FY15-18. We expect the group’s revenue to grow 3%/11.1%.

While we are still cautious on Indonesia’s short-term equity market outlook owing to economic and political uncertainties, we are of the view that its long-term fundamentals are intact. We foresee 2014 GDP growth dipping to 5.4% while Bank Indonesia (BI) may have to raise the BI rate to 7.75-8.25%. As short-term macroeconomic fundamentals are weak,.