BSDE IJ - Solid Marketing Sales Offset Softer Earnings Amid Cost Pressures
BSDE reported revenue of IDR6.4 trillion in 1H25, representing a decline of 13.0% YoY (vs IDR7.3 trillion in 1H24), and achieving 49.4% and 50.6%...
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Bumi Serpong Damai (BSDE.IJ) Trimming Our FY25F/26F Net Profit By -34%/-25%
Maintain Buy with a lower TP of Rp1,450; BSDE is an attractive laggard play in the sector as thesis of well-connected township remains intact.
271 Views
CrossASEAN Indonesia Strategy - Parting Clouds
The Indonesian stock market was down 2% over the last year despite a flurry of inflows in the summer but this year looks interesting with a new...
672 Views
Indonesia Strategy - Caught in a Perfect Updraft?
Despite the JCI knocking on all-time highs, valuations continue to look attractive with prospects of a better 2H2024 and lower interest rates. Top...
632 Views
Nusantara Sejahtera Raya (Cinema XXI) IPO - The Negatives - Private Placement, Not a Primary Raising
Cinema XXI (CINEMA IJ) aims to raise up to US$160m in its Indonesia IPO. In this note, we talk about the not-so-positive aspects of the deal.
566 Views