• Industry volume in line with expectation despite slight hiccup
• Astra 4W market share reached highest level ytd in Sep-18
• Duo Rush/Terios continues its strong market share grip
• Declining imports, accelerating exports
• Outlook: maintain NEUTRAL rating
INDUSTRY
• Nickel price to drop to 11-month low as rebar steel prices plummeted
CORPORATE
• Unilever Indonesia (UNVR IJ) to pay interim dividend of IDR410/share, equal to 1.0% div yield
• Metrodata Electronics (MTDL IJ) set to increase capex by 600% next year to IDR1.7tn
• PGN (PGAS IJ) net profit to double to USD218mn in 9M18
• Ace Hardware (ACES IJ): SSSG continues at double digit rate
• Semen Indonesia (SMGR) announced the acquisition of Holcim Indonesia (SMCB) for EV of USD1.75bn (IDR25.8tn)
• Waskita Karya (WSKT IJ) targets to divest at least two toll road segments in 2H19
• Urban Jakarta Propertindo (UJP) targets IDR750bn proceed from IPO
