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PT Garuda Indonesia, Tbk (GIAA IJ), market leader among full-service carriers in Indonesia, is targets earn profit in 2H2017, supported by peak season tend to be high and high demand on air transport. Previously, company reported a loss in 1H2017 worth USD281.92mn (IDR3.66trn), compared to same period last year USD63.59mn.

PT Nusa Konstruksi Enjiniring, Tbk (DGIK IJ), engages in construction services for building and infrastructure since 1982, targets to be finished Superblok Chadstone, Cikarang in 2018. Company is joint operation with CNQC, a construction company from.

PT Waskita Karya, Tbk (WSKT IJ), is one of the market leaders in Indonesia’s construction business, signed syndicate loan agreement worth IDR5trn with Sumitomo Mitsui Banking Corporation (SMBC). The loan has tenor five years, with Jakarta Interbank Offered Rate (JIBOR) at level 2.77% per annum (equivalent to 7.77% per.

Semen Indonesia, Tbk (SMGR IJ), is the largest cement maker in Indonesia, introduced Max Strength Cement, the latest cement product which is claimed to be the first Portland slag cement produced in Indonesia. For the record, the company group’s production capacity is 34 million tons, around 41.7% for the industry nationally. Max Strength Cement is.

We saw issuers continued to rush into primary market with two new names offering the bonds this week namely: Waskita Karya Tbk (WSKT IJ,idA-/Sta) and Medco Energi Internasional Tbk (MEDC IJ, idA+/Neg). Waskita Karya offering 5y bond of IDR900bn at 8.5% to finance its construction business and and projects in its subsidiaries. Meanwhile, Medco Energi.

Unilever Indonesia, Tbk (UNVR IJ), company’s based consumer goods business, expanding its plant production capacities  worth IDR1.4trn, from its capital spending budget totally IDR2trn. Its expansion to support company’s performance amid the economic condition, that are more stable than last year. The company’s projecting overall consumption goods market could grow between 5% up to 7%..

The company is having another up-to-50% sales promotion this month to reduce its excessively high 227 inventory days as of 9M15 – the highest among retailers under our retail coverage. Better Consumer Confidence Index in Dec 2015. Indonesia’s Consumer Confidence Index rose for the second time above 100 in Dec 2015 (Oct 2015: 99.3; Nov.

Total maturing bonds in January amounted to IDR 1.1trn, of which IDR500bn is owned by Bank Nagari and the rest belong to Danareksa and Bima Multifinance. In the face of upcoming maturing bond, Bank Nagari is issuing IDR500bn bond and IDR100bn sukuk which will be listed in 11 January. The new issued bond will be.

It is a good home improvement retailer, but at the current share price, exceptionally high inventory days and weak 9M15 SSSG, we believe it is overvalued. Weak 9M15 results. ACE Hardware, Tbk (ACES IJ) 9M15 sales were at 71% and 69% of our and consensus sales forecasts respectively. Likewise, net income accounted 72% and 69%.

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.