Cigarette: Waiting for Change
Excise tax simplification for cigarettes is only likely to take place after 2024, good news for the below tier-1 cigarette producers.
444 Views
Gudang Garam - A Still Challenging Outlook Limits Re-Rating Potential
GGRM’s 6-8% price adjustment YTD may support FY24F margins, but we expect volume may continue to be under pressure. We trim our FY24-25F NP by 42-47%
396 Views
Gudang Garam (GGRM IJ) - Another Year, Another Excise Tax Adjustment
Another Year, Another Excise Tax AdjustmentContent is external broker report sourced from online content aggregator through publicly available...
332 Views
Gudang Garam (GGRM IJ) - 3Q21: In line with our expectation
3Q21: In line with our expectationContent is external broker report sourced from online content aggregator through publicly available sources and...
163 Views
Gudang Garam (GGRM IJ) - ASP hikes ahead of 2022F excise tax hike
ASP hikes ahead of 2022F excise tax hikeContent is external broker report sourced from online content aggregator through publicly available sources...
268 Views