Equity Strategy: 2H25: Positioning for a Growth Rebound
We raise our JCI target to 7,960, factoring in premium from anticipated flow into conglo-group stocks, despite our lower FY25 EPS growth f’cast.
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Property - Overall: KTA from Meeting with JLL
JLL expects landed housing and retail segments to remain strong in FY25F, driven by VAT incentives and stable mall traffic.
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Property: Industrial Estate: Will The Trade War Benefit Land Demand? (OVERWEIGHT)
During the FY18-19 trade war, land sales increased in line with rising Chinese FDI into Indonesia, but multiple factors influenced this trend.
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Equity Snapshot: April 18, 2023
Following the release of the FY22 results, we revise our earnings estimates for SOE contractors under our coverage. State Budget Recorded Surplus...
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ASEAN Builder's Scoop (12Jul22) - Longer Loan Tenure Could Support Affordability
DMAS 1H22 mktg sales reached ~55% of FY target; HOUSE defers cornerstone placement; Manila office strong rebound in 4Q22; Prospect Development...
290 Views