Kategori: Misc Industry

PT Wicaksana Overseas International, Tbk (WICO IJ), a wholesale and distribution company, reported a significant food and beverages sales growth to IDR462.24bn in 1H2017, compare to same period last year IDR389.58bn. On July, company entered into Arirang trademark diversion by the company with PT Jakarana Tama, an affiliated company with the selling price of.

Pan Brothers, Tbk (PBRX IJ), is one of the largest garment manufacturers in Indonesia, reported its profit worth USD4.47mn in 1H2017, or lower than same period last year USD6.81mn. The decrease of the profit was influenced from the increase of cost of good sold, and selling expenses. During 1H2017, company’s cost of good sold and.

S&P Global Ratings has lowered Gajah Tunggal Tbk’s (GJTL IJ) corporate rating to ‘CCC+’/Negative from ‘B-/Credit Watch’. The downgrade was driven by growing refinancing risk related to the company’s USD500Mn senior secured notes due in February 2018. Gajah Tunggal does not have a diverse pool of domestic and international banking relationships and has not borrowed.

In our view, 3Q16 adex will be soft after the Ramadan season. However, we think 4Q16 adex will accelerate on the back of the Christmas season in December. We maintain OVERWEIGHT on the media sector as: 1. We expect a recovery in Indonesia’s economy; 2. We have seen an improvement in the sales growth of.

We maintain our OVERWEIGHT call on the sector with Media Nusantara as our Top Pick. We continue to like the company as an attractive stock in the sector. We view that it could book better advertising (ad) revenue growth in FY16F-17F from its audience shares domination. This ought to translate into a higher rate card,.

On rating front, S&P have downgraded the rating on MNC Investama, Tbk (BHIT IJ) and Gajah Tunggal, Tbk (GJTL IJ) to “B-” due to rising financing risks. The outlook for Gajah Tunggal was placed at CreditWatch while MNC Investama maintained at negative. The downgrade on both companies were mainly because of higher risk financing as.

We think Media Nusantara is still attractive, given better margins from cost savings after the completion of its new studios and potentially higher dividends in FY17F. We expect the company to report strong 2Q16 results on the back of resilient audience share, Euro 2016, and the Ramadhan season. Maintain BUY with a higher TP of.

We maintain our OVERWEIGHT call on the sector, as we expect the media players to report better 2Q16 numbers. This is given that consumption is likely to pick up on a seasonal high in conjunction with Lebaran. Based on Nielsen’s April prime time audience share data, Trans Group reported a 10.9% MoM improvement while Surya.

With the recent initial soft-launching of the third OMNI Hospital, located in Cikarang area, it is on track to double its portfolio to four hospitals by mid-2017, from just two in 2015. The existing two OMNI hospitals in Pulomas and Alam Sutera are seeing the combined bed occupancy rate increase steadily to 69.1% in 1Q16..

Encouraging track record with new hospitals Mitra Keluarga Karyasehat’s (Mitra Keluarga) Kalideres hospital in the West Jakarta region, opened in Aug 2015, achieved breakeven EBITDA just four months after starting operations. March marks the first month it is net income-positive. It aims to start building its next hospital in Bintaro’s Section 3 Greater Jakarta area.