United Tractors - In-Line FY23 Net Profit
We maintain our FY24-25F est. and Hold rating with unchanged SOTPbased TP of Rp24,900 amid our view of further coal price correction.
208 Views
United Tractors - Expect Earnings Peak in FY23 on Softer FY24 Outlook
We reinstate our coverage with a HOLD rating and DCF-based TP of Rp24,900.During the management call with analysts, UNTR unveiled a soft set of...
352 Views
Coal Mining - A Tactical Opportunity in 4Q23 on Possible Seasonal Demand Recovery
Coal market’s Aug23 trade and inventory data in China and India indicated possible seasonal demand recovery may be under way.
324 Views
Macro Strategy & Flows Trackers: More Signals
The main takeaways from the most recent Fed Beige Book suggest moderating economic growth in recent months, implying a Fed pause.
330 Views
Strategy - Sustaining Growth
The anticipated fiscal expansion and infusion of election funds are poised to bolster consumption within the broader economy.
274 Views