Monday, 22 July 2024
IHSG
7321.98
+27.49 (0.377%)

Latest Research

Mitra Adiperkasa (MAPI IJ): Specialty profits, price dip invite entry
2024-07-18 14:54:31

Mitra Adiperkasa (MAPI IJ)
BUY / TP: IDR:2,300 (+63.1%)
Analyst: Laras Nadira

Specialty profits, price dip invite entry
• Specialty stores (SS) step up to fuel profitability
• Pushback from muted F&B performance
• Attractive entry point and cheap
• Re-iterate BUY with unchanged TP

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Trade Balance: Downtrend to plateau
2024-07-16 14:55:26

Trade Balance
Analyst: Chandra Pasaribu

Downtrend to plateau
• Mixed export, down -6.7% MoM, but up +1.2% YoY
• Imports also logged mixed numbers
• Trade surplus at US$2.4bn
• Less concern over IDR FX rate risk

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Monthly snapshot: Four-wheeled vehicles run out of steam
2024-07-15 11:08:19

Monthly snapshot
Analyst: Alditya Galih Ramadhan

Four-wheeled vehicles run out of steam
• Sales of 4W stall in 1H24
• New EV to spark sales optimism
• Mixed outlook for ICE
• Outlook: Market fades, incentives needed for boost

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Mitratel (MTEL IJ): Refining strategy amid maturity
2024-07-11 11:10:43

Mitratel (MTEL IJ)
BUY / TP: IDR820 (+22.4%)
Analyst: Chandra Pasaribu

Refining strategy amid maturity
• Limited tower-acquisition potential
• Further growth of its fiber network
• Limited impact from possible XL & FREN consolidation
• Maintaining BUY recommendation, TP IDR820

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Indofood CBP (ICBP IJ): Uses its noodle to drive sales growth
2024-07-10 11:29:12

Indofood CBP (ICBP IJ)
BUY / TP: IDR:12,700 (+23.0%)
Analyst: Laras Nadira

Uses its noodle to drive sales growth
• Noodles producer benefit from surge in rice price
• Expect another high margin from noodles
• Maintains a top-line stance, earnings revised
• Re-iterate BUY and target price

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Elnusa (ELSA IJ): Lubricate upstream to preserve its engine
2024-07-08 11:00:03

Elnusa (ELSA IJ)
Not rated
Analyst: Alditya Galih Ramadhan

Lubricate upstream to preserve its engine
• Sustain uptrend earning
• Enlarges upstream footprint
• Rapid payback for seismic services
• Favor its one-stop upstream service

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