Search result for: "purchasing power"

SMGR and SMCB in Sales Synergy. Performance of the cement producers potentially uphill at 2H19. There are a number of trigger factors, between starting the scrolling of a property project after a political party has finished. In addition, a decrease in coal prices by 28%.

CTRA Marketing Sales Above Target. At 1H19 it looks like Ciputra Development, TBK (CTRA) will be posting a marketing sales performance that exceeds the target. The data is being compiled, it seems to be.

Krakatau Steel Sell Asset USD1Bn. To suppress the loss of Krakatau Steel (Persero), TBK (KRAS) run a restructuring program. The steps taken are the sale of non core assets. President Director of KRAS, Silmy Karim said, the choice of the asset location will be select selectively from KRAS.

Indofood share price today originated from the action of the tender offer. Indofood Sukses Makmur, Tbk (INDF IJ) do a tender offer on Indofood Agri Resources Ltd.

We initiate coverage on Express Transindo with a NEUTRAL call and DCF derived IDR300 TP. The recent cancellation of the M&A from Saratoga’s group due to uncondusive market condition has resulted into 74% YTD dropped in share price. The company’s now focus to improve their financial performance by reorganise their business, lowering gearing level, and.

We reinitiate coverage of PT Matahari Department Store Tbk (MDS) with a BUY rating and a DCF-derived TP of IDR22,000 (implying a 32.6x FY15F P/E). We like MDS due to its: i) solid strategy positioning; ii) widening market share lead; iii) excellent supply chain network; and iv) strong free cash flow generation and healthy balance.

We reinitiate coverage of PT Matahari Department Store Tbk (MDS) with a BUY rating and a DCF-derived TP of IDR22,000 (implying a 32.6x FY15F P/E). We like MDS due to its: i) solid strategy positioning; ii) widening market share lead; iii) excellent supply chain network; and iv) strong free cash flow generation and healthy balance.

We attended United Tractors’  (UNTR IJ, SELL, TP IDR19,700) annual analyst meeting yesterday and witnessed an unusually pessimistic note from the largest player within the Indonesian heavy equipment market. Yet, we are delighted to learn that our new call and target price on UNTR found a firmer foundation as the company confirmed of our FY.

We are re-initiating coverage on the construction sector with an OVERWEIGHT for the following reasons: i) valuations are reasonable compared to regional players, ii) the government’s infrastructure projects are expected to accelerate earnings growth, iii) there are lower risks in executing projects, as laws will be enforced, iv) the property market’s outlook is solid for.

We are re-initiating coverage on the construction sector with an OVERWEIGHT for the following reasons: i) valuations are reasonable compared to regional players, ii) the government’s infrastructure projects are expected to accelerate earnings growth, iii) there are lower risks in executing projects, as laws will be enforced, iv) the property market’s outlook is solid for.