In today’s briefing:
- AKR Corporindo (AKRA IJ) – Smelters and Gas Stations Bring Opportunity
AKR Corporindo (AKRA IJ) – Smelters and Gas Stations Bring Opportunity
- AKR Corporindo (AKRA IJ) hosted an analyst call to outline prospects for 2025, which revealed a more positive outlook for fuel distribution driven by growth in demand from mining.
- The chemical distribution will also benefit from demand from new smelters as well as new chemicals, whilst land sales at JIIPE are set to increase significantly in 2025.
- The retail gas station business is picking up momentum and should benefit from the government reducing fuel subsidies. Valuations are attractive with support from a 7% dividend yield.
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