Sarimelati Kencana (PZZA IJ)
HOLD-UPF / TP: IDR:685 (-1.4%)
Analyst: Chandra Pasaribu
Makes everything count
• Restores profitability despite headwinds
• Seeking market opportunity
• Encouraging sales in early 2Q21
• Maintain Hold-UPF with TP of IDR685
Ace Hardware Indonesia (ACES IJ)
BUY / TP: IDR:1,620 (+16.1%)
Analyst: Mewaharti Lai
Shows gradual recovery
• Positive SSSG for two consecutive months
• Sales grew both MoM and YoY
• Attractive thematic promotions
• Re-iterate BUY
Uni-Charm Indonesia (UCID IJ)
Not rated
Analyst: Research Team
Maintains top market position
• Stellar performance in 1Q21
• Maintains market share despite challenges
• Changing landscape during pandemic
• Room to grow
INDUSTRY
• BI to maintain 7DRR rate at 3.5%
• Government to extend safeguard import on ceramic products
• Loan contraction narrowed in May
CORPORATE
• MERK aiming for sales growth above the industry
• BBNI and BBTN plan for rights issue
INDUSTRY
• World Bank expects Indonesia to grow 5.0% in FY2022
CORPORATE
• GOOD will distribute dividend at IDR132bn and plans to do stock split or share buyback
• BINA raise IDR1tn from rights issue
INDUSTRY
• Cement demand impacted by seasonality, down -24.6% MoM
• Auto sales May 2021 good numbers
• State banks to waive fees on ATM Link
CORPORATE
• DCII to joint with Salim Group to develop data center
• MRAT allocates IDR8.0bn for capex this year
• DVLA prepares capex of IDR134bn
