Midi Utama Indonesia (MIDI.IJ) - Resilient Growth Prospect Despite Macro Headwinds
We reinitiate with a Buy rating and TP of Rp550. Its curr. val of 19.7x PE FY25F seems premium yet we think remains warranted given the growth...
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Midi Utama Indonesia - Maintaining Momentum with Solid SSSG and Store Expansion and Repurposing
Post 9M24 result, we estimate ~Rp33bn sunk cost and have revised our FY24/25F NP by 14.5%/8.5%, resulting in flat FY24 NP but +30% yoy in FY25.
295 Views
Midi Utama Indonesia : Maintaining Momentum with Solid SSSG and Store Expansion and Repurposing
Post 9M24 result, we estimate ~Rp33bn sunk cost and have revised our FY24/25F NP by 14.5%/8.5%, resulting in flat FY24 NP but +30% yoy in FY25.
387 Views
Retail: 3Q25 Preview: Steady Revenue, But Earnings May Come Under Pressure (OVERWEIGHT)
As we expect margins to normalize, core profit growth is estimated to be flat yoy in 9M25, likely falling short of our estimates. Maintain...
179 Views
Sumber Alfaria Trijaya (AMRT IJ) - Outperforming with Essentials
Sumber Alfaria Trijaya (AMRT IJ) booked a surprisingly strong set of 1Q2025 results, going against softer consumer sentiment, underlining Alfamart...
332 Views