Company Focus
Oleh Sinarmas Sekuritas
SIMINVEST_240321_GOTO_REFINING STRATEGY FOR SUSTAINABLE GROWTH
SIMINVEST_240315_DMAS_AMONG THE SHORTLISTED BYD FACTORY SITE
SIMINVEST_240125_POULTRY_PROFITABILITY CONTRACTIONS IS UNAVOIDABLE
SIMINVEST-PYFA-Fixed Income Report- Becoming Phoenix Through Acquisition
SIMINVEST_MACRO VIEWFINDER TRADES_240116_SIGN OF SUSTAINABILITY
JPFA IJ - Company Update - Foreseeing a Resurgent Margins in 4Q22
INTP IJ - Company Update - Stronger 3Q earnings on Sales Volume Hike
SMGR IJ - Company Update - Encouraging 3Q Volume on Normalized Competition
BBRI IJ - Company Update - Challenges in Uplifting Subsidiaries
BBCA IJ - Company Update - Business Loans and Digital in Play
SIDO IJ - Company Update - 3Q21 Review: Solid Results Across All Segments
BBNI IJ - Company Update- Continued Improvement In Credit Quality
BBRI IJ - Company Update- Disciplined Provisioning To Continue
BBTN IJ - Company Update- Added Provisioning With Safer Coverage
ICBP IJ - Company Update - 1Q21 Review: Another Strong Quarter
FREN - Initiating Coverage - Long-Term Growth Tailwinds Abound
WOOD IJ - Initiating Coverage - Proxy on Strong US Housing Market
PYFA IJ - Initiating Coverage - Poised to Unlock New Earnings Driver
ADHI IJ - Company Update - A Slow Start But Within Expectations
WIKA IJ - Company Update - New Contracts Signal a Promising Outlook
KLBF IJ - Company Update - 1Q21 Review: Keeps Showing Solid Outcomes
BBNI IJ - COMPANY UPDATE - GRADUAL IMPROVEMENT IN ASSET QUALITY
HMSP IJ - Company Update - 1Q21 Earnings Margin Unlikely to Sustain
BBTN IJ - COMPANY UPDATE - CHEAPER FUNDS TO DRIVE NIM UPWARDS
BBCA IJ - COMPANY UPDATE - STARTING THE YEAR WITH A SOLID PPOP
AALI IJ - Company Update -Another Loss From Forward Contract
UNVR IJ - Company Update - FY20 Summary, Moderate Growth Ahead
PTPP IJ - Company Update - 3Q20 Result - Solid Margin Improvement
PTBA IJ - Company Update - Weak Domestic Sales Volume Recovery
ADRO IJ - Company Update - One-off Expense Dragged Down Earnings
GGRM IJ - Company Update - 3Q20 Results Strong top-line recovery
UCID IJ - Company Update - 2Q20 Review, Forward Outlook Remains Rosy
RALS IJ - Company Update - Stimulus-Fueled Though Fairly Priced
ADHI IJ - Company Update - 2Q20 Review, Unfavourable Quarter
GGRM IJ - Company Update - 2Q20 Result Top-line Remained Resillience
INCO IJ - Company Update - Lower Fuel Cost Offset ASP Decline
ICBP IJ - Company Update - Looking Forward for Pinehill Incorporation
BBTN IJ - Company Update - At Pre-One Million Houses Valuation
INTP IJ - Company Update - 1Q20 Earnings Preview, Call Upgrade
KLBF IJ - Company Update - Beneficiary of Health-Conscious Trend
BSDE IJ - Company Update - Developer with Strong Survivorship
MYOR IJ - Company Update - Relatively Resilience Amidst the Storm
PTPP IJ - Company Update - Attractive Valuation Amidst Obstacles
WEGE IJ - Company Update - Momentary External Driven Setback
ERAA IJ - Company Update - Anticipating Heavy Challenges Ahead
SMGR IJ - Company Update - Ended FY19 With a Satisfactory Note
WEGE IJ - Company Update - FY19 Results Miss, Meeting Key Takeaways
PTBA IJ - Company Update - Industry Outlook Remains Challenging
ITMG IJ - Company Update - FY19 Inline, Lower Volume Guidance
EXCL IJ - Company Update - Challenging but is Still Constructive
UCID IJ - Initiating Coverage - The Leader, the Expert, and the Innovator
ICBP IJ - Company Update - Robust Margins on Benign Commodities
MAPI IJ - Company Update - Favorable Results Amid Tight Competition
ACES IJ - Company Update - Anticipating Softer Growth Outlook
ADHI IJ - Company Update - Slight Hiccup but Growth is Coming
LPPF IJ - Company Update - Higher ASP Supports Lebaran Performance
BBTN IJ - Company Update - Navigating Through the Turbulence
MYOR IJ - Company Update - Robust Gross Margin OUtweighs Surging A&P
RALS IJ - Company Update - Expected Results from Lebaran Achievement
BIRD IJ - Company Update - Expansion After Periods of Recovery
WEGE IJ - FY18 Results Beat, Upgrade Earnings With Higher TP
WEGE IJ - Initiating Coverage - Wonderful Company at a Wonderful Price
DIVA IJ - Initiating Coverage - Go-to Solution for Everyday Digital Needs
HKMU IJ - Initiating Coverage - Seizing Future Growth Opportunities
TOTL IJ - Initiating Coverage - Full Tank Ready for Ignition
SSIA IJ - Initiating Coverage - Journey to the Promised Land
RALS IJ - Company Update - One Step Backward, Two Steps Forward
NFCX IJ - Initiating Coverage - The Birth of Big Data Company
Metal Sector - Initiating Coverage - The Rise of Electric Cars
TLKM IJ - Company Update - FY17 Result and Earnings Call Update
Equity Market Outlook 2018 Sinarmas Sekuritas - Powering the Economy
Construction Sector (PTPP, ADHI, WIKA, WSKT) - Bottom-Up Approach
Consumer Sector (UNVR, ICBP, KLBF, INDF, ROTI) - A Silver Lining
Property Sector (BSDE, SMRA, ASRI, PWON) - Long Term Recovery
Retail Sectoral Update (RALS, MAPI, MPPA) - Top to Bottom Play
PTPP IJ - FY16 results - In-line Earnings despite Soft Revenue
Bank Sectoral Update (BMRI, BBRI, BBCA, BBNI, BBTN) - A Silver Lining
MPPA IJ - Initiating Coverage - On the Path Towards Recovery
UNTR IJ - Re-initiang Coverage - A Company With Four Engines of Growth
PT Adhi Karya Tbk (ADHI IJ) - Initiating Coverage: One Step Away
Media Initiation: Recovery Takes Time; NEUTRAL on Sector, BUY MNCN!