Industri Jamu Sido Muncul (SIDO IJ)
BUY / TP: IDR:910 (+21.3%)
Analyst: Mewaharti Lai
Sign of recovery in demand
• The rising of health awareness
• Strategy switched
• Growth potential
• We re-iterate our BUY rating
Perusahaan Gas Negara (PGAS IJ)
BUY / TP: IDR:2,200 (+22.6%)
Analyst: Chandra Pasaribu
Not a steady recovery course
• Distribution volume down -2.2% MoM
• Tax dispute with regulator
• Cautious spending on Capex
• Re-iterate BUY with a TP of IDR2,200
Equity Market
Analyst: Chandra Pasaribu
On track to recovery
• State makes continuous effort to spend budget using countercyclical policy
• Various leading indicators point concurrently in the direction of recovery
• Liquidity-fueled market – Index target: 6,937
INDUSTRY
• OJK considers amending Syariah unit divestment requirement
• Cement sales to drop 10% YoY in FY2020
CORPORATE
• VOKS to penetrate telecommunication sector
• IRRA sold 1.7 million Swab Antigen test products
• HOKI aims to increase sales by 15% YoY
CORPORATE
• ASII to maintain 4W market share at 50%
• Telco operator to renegotiate leasing fee in MRT
• INTP to see growth of 4% in FY2021
• UNVR and KLBF explore distribution for vaccines
• BRIS eyes an upgrade as BUKU 4 bank
• BBKP to submit an appeal on PTUN’s decision on Bosowa’s petition
INDUSTRY
• Economy to revive in 2Q21, Ministry of Finance
• The capex of pharmaceutical
CORPORATE
• PTPP to sign new contract of IDR22.3tn in FY2020
• TOTL to aim at revenue of IDR2.0tn in FY2021
• CTRA to refinance IDR1.6tn global notes
• BBRI targets to reach outstanding loans of IDR1,000tn in 2021
