Avia Avian Tbk (AVIA IJ) - Cautiously Optimistic FY24 Outlook
2M24 sales depict a mixed view. We revise up our forecast of FY24-25F net profit forecast by 5.6% and 5.8% due to higher gross margins
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Avia Avian Tbk (AVIA.IJ IDR 545 BUY.TP IDR 620) A Better Volume Growth Prospect in FY24
We expect FY24 vol. growth to improve (to +3.6% yoy) which, combined with sustained margins, shall drive FY24 net profit growth of 4% yoy.
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Avia Avian Tbk (AVIA IJ) - Fully Valued
The company’s Avitex Gold product has gained a positive response due to its good quality and double function for interior and exterior usage
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Equity Strategy: Short-Term Domestic Growth Challenges in 2Q24 May Drive Further De-Risking
Our FY23 results recap shows market EPS growth of -12% yoy, but growth would reach +4.1% if we exclude one-offs (mainly from GOTO).
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