Search result for: "rupiah weakening"

On the rating front, Pemeringkat Efek Indonnesia (Pefindo) has upgrade the rating on BPD East Nusa Tenggara (BNTT) by one notch to idA/Stable fromA-Stable, driven by improved capitalization, better profitability and strong position in the captive market. Risk lies on the bank’s limited access to third party fund and pressure on asset quality. On other.

Pemeringkat Efek Indonesia (Pefindo) has lowered rating on Waskita to A-/Stable from A/Stable driven by the expectation of higher leverage and weakening cash flow protection as a result of aggressive expansion into toll road business  which will be funded mostly by debt. However, the company still has strong position in domestic construction industry, improving margin.

Pemeringkat Efek Indonesia (Pefindo) has revised Sinar Mas Agro Resources and Technology Tbk (SMAR:IJ) outlook to negative from stable. The outlook revision reflects SMAR’s weakening capital structure and cash flow protection. SMAR booked lower EBITDA margin during 9M15 due to continued low CPO price, while its debts increase partially because of foreign exchange debt following.

Pemeringkat Efek Indonesia (Pefindo) has affirmed PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk or Bank BJB (BJBR:IJ) ratings at ‘idAA-‘ with its outlook was revised to stable from negative. The similar rating also affirmed for its outstanding bond VII/2011. The outlook upgrade is driven by the sustainable recovery in Bank BJB’s asset quality..

Pemeringkat Efek Indonesia (Pefindo) downgraded PT Trikomsel Oke, Tbk (TRIO:IJ)’s rating to idBB+ from idBBB. The company’s Mandatory Convertible Bond (MCB) I/2012 rating was also downgraded to idBB from idBBB-. The rating outlook was put on credit watch on negative implication. The rating downgrade reflects increasing refinancing risk for its short-term debt following the company’s.

On the rating front, Pemeringkat Efek Indonesia (Pefindo) downgraded another company last week. Pefindo lowered Trikomsel Oke, Tbk (TRIO:IJ) rating to idBBB (from idBBB+) though the outlook was revised to stable from negative. Its convertible bond’s rating was also slashed to idBBB from idBBB-. The downgrade was driven by its weakening capital structure and cash.

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.

It has not been smooth sailing for Mitra Adiperkasa in 2015 so far. Maintain NEUTRAL, with a lower TP of IDR5,000 (5% upside). Its specialty stores’ quarterly SSSG was level in 2Q15. With the IDR weakening against the USD, we are concerned over its ability to continue passing on higher costs by lifting prices to.

We reinitiate coverage of Ace Hardware Indonesia, Tbk (ACES IJ) with a NEUTRAL and a DCF-derived TP of IDR640, implying 20x/18x FY15/16F P/E. This year proves challenging due to a weak IDR vs USD which might erode ACES’ lifestyle product gross margin, increasing inventory days, while its aggressive store expansion plan might further lower its.

We initiate coverage of Link Net (LINK) with a BUY call and a DCF derived TP of IDR6,500, implying a 27x/21x FY15F/16F P/E. Link Net is one of the leading providers’ of cable broadband and pay TV in Indonesia with a network in affluent areas. As a leader in Broadband internet industry, LINK has a.