Search result for: "net profit"

Unilever Indonesia will distribute interim dividend of IDR2.56trn or 91.4% from 1H14 net profit or equivalent to IDR336/share. Dividend cum date for regular & negotiation market is scheduled on 2 December 2014. On the other hand, currently the company is focusing on the development of IDR2trn oleo chemical plant in Sei Mangkei, North Sumatera that.

3Q14 net profit reached USD222m (+14.7% q-o-q), bringing 9M14 figure to USD592m (-7.8% y-o-y), in line, comprising 70%/75% of ours/consensus FY14 target. The q-o-q net profit increase is mainly due to forex gain of USD34m in 3Q14 (vs forex loss of USD11m in 2Q14). We see that gross margin squeeze on higher gas cost to.

3Q14 net profit reached USD5Mn (-1.3% QoQ), bringing 9M14 figure to USD18Mn (-4.7% QoQ), accounting to 64%/62% of ours and consensus FY14 target respectively which is below our expectation. We expect 4Q14 gross margin and net profit to pick ups QoQ on slightly higher utilization rated for its higher-end vessels yet inadaquate to reach our.

3Q14 net profit increased 13.3% q-o-q to IDR48bn, bringing 9M14 bottom line to IDR176bn (+22.5% y-o-y), comprising 67% to our FY14 forecast. 4Q14 earnings to pick up given seasonality factors derived from the construction sector yet not adequate to reach our FY14 target. Thus, we slightly cut 2014 earnings by 4% following the results but.

Company background RAJA is a gas distribution & transmission company with a market share of around 5% (based on my calculation) on the gas distribution business and is the largest non-SOE player in the gas distribution industry. It has a relatively similar business model compared to Perusahaan Gas Negara (PGAS IJ, BUY, TP: IDR6,600) only.

We initiate coverage on Spindo with a DCF-derived TP of IDR370 which represents a 100% potential return upside and recommend a BUY. Our TP implies a 7.0x FY15F earnings. Main triggers: i) its dominance in the domestic steel pipe market with a 30% share; ii) the company being a beneficiary of the nation’s growing gas.

We initiate Spindo with BUY conviction premised on: 1) Its dominant position in domestic steel pipe market (~30% share); 2) Main beneficiaries to the nation’s rise in gas infrastructure, construction developments and higher local content requirements in the automotive sector; and 3) Super appealing 3.3x FY15F P/E with 13% ROAE and PEG of 0.1x. We.

We initiate Spindo with a BUY conviction premised on: 1) Its dominant position in domestic steel pipe market (~30% share); 2) Strong proxies to the nation’s rise in gas infrastructure, construction developments and higher local content requirements in the automotive sector; and 3) Super appealing 3.3x FY15F P/E, 15% ROAE and PEG of only 0.1x..

Wintermar Offshore Marine (Wintermar)’s 1H14 earnings of USD13m (+11.4% YoY) made up 38%/40% of our/street targets for FY14. The underperformance was mainly due to higher-than-expected interest expenses and lower-than-expected third-party vessel charters. Still, we see fundamentals of the OSV industry remaining solid and projects being abundant going forward. Maintain BUY, with our TP at IDR1,610.

1H14 earnings hit USD13m (+11.4% y-o-y), accounting 38%/40% to ours and the street’s FY14 target. The lower than expected earnings is mainly driven by higher than expected interest expense and lower than expected 3rd party chartered vessels. However, we see fundamentals in the OSV industry remains on solid footing and abundant OSV projects is imminent.