Company Profile Wismilak Inti Makmur (WIIM), established in 1994, produces a variety of machine-made clove cigarette (SKM) and hand-rolled clove cigarette (SKT) under various brands. Its anchor brand is Wismilak Diplomat (WD), which has been in existence for more than 20 years and from which it derives lucrative margins. WIIM uses WD as a cash.
Read More...Company Profile Malindo Feedmill (MAIN) is a poultry company that mainly produces chicken feed, day-old chicks and chicken meat. The company was established in 1997. The Lau Family, who controls Malaysia’s largest poultry player Leong Hup Group, became MAIN’s major shareholder in 2000. The Leong Hup Group includes Leong Hup Holdings and Emivest (EMIV MK;.
Read More...Massive growth seen As Indonesia still lags in terms of per capita consumption of protein, provides huge opportunities in the poultry industry given that chicken meat is one of the cheapest sources of animal protein, as well as its low per capita consumption. In tandem with increasing standards of living, broiler consumption per capita also.
Read More...BUY with target price Rp6,300 Our BUY call hinges on INDF’s i) diversified earnings, ii) ability to maintain robust margins, and iii) aggressive expansion for future growth. Our target price is Rp6,300, based on 18.8x-16.6x FY11-12f PE earnings multiple. Diversified earnings INDF’s diversified earnings base ranging from flour, noodle and dairy to plantations provides the.
Read More...Being the largest bread manufacturer in Indonesia – supplying in our estimate some 90% of the mass market – PT Nippon Indosari Corpindo Tbk (Indosari) we believe is in the right position to fulfill huge demand in the segment. Backed up by strong shareholders, it is set to break out of its traditional markets in.
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