Friday, 08 November 2024
IHSG
7311.67
+67.81 (0.936%)

Latest Research

XL Axiata (EXCL IJ): Witnesses softer spending
2024-11-08 11:02:08

XL Axiata (EXCL IJ)
BUY / TP: IDR:3,160 (+42.9%)
Analyst: Chandra Pasaribu

Witnesses softer spending
• One-offs suppress number below expectation
• Operational matrix reflecting retreat
• Fiber segment pushes towards FMC
• Re-iterate BUY, TP: IDR3,160

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Aspirasi Hidup Indonesia (ACES IJ): Poised for only modest FY2025 showing
2024-11-07 15:10:40

Aspirasi Hidup Indonesia (ACES IJ)
HOLD-OPF / TP: IDR:930 (+8.8%)
Analyst: Laras Nadira

Poised for only modest FY2025 showing
• In line with expectations
• Sales above pre-pandemic level
• Anticipate soft FY2025 growth
• Downgrade to HOLD-OPF, lower TP of IDR930

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Astra International (ASII IJ): Diversification protects its resiliency
2024-11-07 15:04:48

 Astra International (ASII IJ)
BUY / TP: IDR:6,200 (+22.8%)
Analyst: Alditya Galih Ramadhan

Diversification protects its resiliency
• Flat results as expected
• FS cushions lackluster auto market
• What lies ahead: potential growth from small subs
• Dividend charm continues amid shift – Re-iterate BUY

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Surya Semesta Internusa (SSIA IJ): Progresses well
2024-11-06 10:53:25

Surya Semesta Internusa (SSIA IJ)
BUY / TP: IDR:1,800 (+61.4%)
Analyst: Yap Swie Cu

Progresses well
• Construction performance exceeded target
• Melia Bali’s temporary closure is to significantly reduce hospitality segment revenue in 4Q24 and 2025
• Expects a jump in property segment revenue in 4Q24
• Stronger balance sheet after SCS divestment and loan repayment
• Re-iterate BUY amid attractive valuation

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GDP growth: Gaining at slower pace
2024-11-06 10:52:27

GDP growth
Analyst: Chandra Pasaribu

Gaining at slower pace
• Various service sectors posting robust growth
• Consumption growth slowed
• Seeing disconnect with listed companies
• Service Sector in favor

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Indofood CBP (ICBP IJ): Remains robust despite challenges
2024-11-05 11:29:57

Indofood CBP (ICBP IJ)
BUY / TP: IDR:14,000 (+13.6%)
Analyst: Laras Nadira

Remains robust despite challenges
• Beat expectations due to forex
• Strong support from overseas
• Stable input cost for now
• Maintain BUY with new TP of IDR14,000

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Yuanta Sekuritas Indonesia