Yuanta Indonesia Morning Journal - 10 Nov 2023

INDUSTRY
• LPS estimates TPF to grow 7% YoY in 2024
• Declining 4W sales spilled over to the sales of 4W tires
• Retail Sales expect to spike supported by Christmas and New Year

CORPORATE
• PTPP to finalize asset divestment
• MTEL to focus on tower expansion
• PGEO to invest in Way Ratai project
• BTPN and BNGA to increase free float
• TPMA to aim bottom line at 20-30% YoY this year
• CLEO to add new factories