Intiland Development (DILD IJ)
Analyst: Chelene Indriani
Not rated
Searching for growth
• Expecting conservative marketing sales and revenue growth in FY19
• Diversifying from high-rise
• Refinancing through syndicated loan
• Consensus and valuation
Telkom Indonesia (TLKM IJ)
Analyst: Chandra Pasaribu
BUY / TP: IDR:4,220 (+19.2%)
Conducive data market
• Data dominance unchallenged
• New source of growth from non-cellular
• Headline data pricing unchanged from 4Q18
• Maintain BUY, new TP IDR4,220
Indonesia Automotive
Analyst: Vincent Yunnaraga
4M19 review: Sluggish Industry Volume
• 4W industry volume has yet to pick up
• Astra 4W sales weakening in Apr-19 but slower than industry
• Easing pressure from direct competition
• Outlook: maintain NEUTRAL rating with a BUY call on ASII
ECONOMY
• KSSK sees stable economy condition
• Government expect inflation May at 0.51%
CORPORATE
• BSD (BSDE IJ) prepares IDR3tn capex this year
• Charoen Pokphand Indonesia (CPIN) to distribute dividend of IDR118/share
INDUSTRY
• Operators to slow down speed for media social
CORPORATE
• Blue Bird (BIRD IJ) spent capex of IDR350bn
• Garuda Indonesia (GIAA IJ) to reduce flight route
• Saratoga Investama (SRTG IJ) to invest USD100mn in FY19
• Delta Makmur (DOID IJ) explore to extend contracts
• Semen Indonesia (SMGR IJ) to consolidate its subsidiaries
• Kalbe Farma (KLBF IJ) to distribute dividend of IDR1.22tn
POLITICS
• Prabowo-Sandi to object presidential election result
INDUSTRY
• Telkomsel to expand utilizing Palapa Ring
CORPORATE
• XL Axiata (EXCL IJ) and Indosat (ISAT IJ) to open network in MRT
• Sentul City (BKSL IJ) expects FY19 revenue to grow by 10-15%
• Agung Podomoro Land (APLN IJ) launches Vimala Hills Villa & Resort in Ciawi
