GDP Growth
Analyst: Chandra Pasaribu
Strong momentum
• Further growth despite global turmoil
• Leading sectors delivered moderate growth
• Growth in 3Q22 should slow
• Exports are prospering – Consumer spending under pressure
Bank Danamon (BDMN IJ)
HOLD-OPF / TP: IDR:2,680 (+5.5%)
Analyst: Yap Swie Cu
In better shape to weather challenges
• Healthy earnings recovery in 1H22
• Minimal change in bottom-line profit estimate
• Stronger fundamentals arms bank to face challenges
• Lower new target price amid rising risk free rate. Re-iterate HOLD call
Kino Indonesia (KINO IJ)
HOLD-OPF / TP: IDR:2,500 (+8.7%)
Analyst: Laras Nadira
Personal care keeps plunging
• Bottom line plunged
• All segments lagged in sales, except beverages
• Downgrade our earnings
• Re-iterate HOLD-OPF, with trimmed TP
CORPORATE
• PZZA to open 42nd store in FY22
• PBID expects to book revenue growth of 10-15% in FY22
• MAPI’s 1H22 net profit jumps 280% YoY
• MAPA’s net profit soars by 354% YoY in 1H22
• AGRS to hold a rights issue
CORPORATE
• GOTO to utilize EV in 2030
• TBIG is owned by Bersama Digital of 73% stake
• SIDO to strengthen export sales
• DMAS posts IDR660bn in 1H22
• SMRA's 1H22 net profit jumps 135% YoY
CORPORATE
• BUKK to aim revenue of IDR3.9tn in FY22
• HMSP to execute affiliate transaction worth IDR15.89tn
• BJBR injects capital to Bank Bengkulu
