Looks Attractive: Cheap Relative Valuation Among Its Peers with a Strong Result In-Line 1H-2023
1H-2023 Earnings Beat, All Major Segments Jumped
The company has posted net income of IDR18.8 billion during the first semester of 2023. The performance achieved is impressive from the first semester of 2022 which posted a loss of IDR 9.9 Bn. This increase in performance was driven by the sales growth of 49.71% YoY to IDR 238.3 Bn with an attractive increase in the mining service segment up by ... more
HMSP mencatatkan peningkatan penjualan 3.08% ditopang oleh pertumbuhan penjualan segmen Sigaret kretek tangan (SKT) naik 19.64% yoy, dan Sigaret Putih Tangan (SPT) naik 36.50% yoy,
namun segmen Sigaret Kretek Mesin (SKM) sedikit melemah -1.94% yoy dan Sigaret Putih Mesin (SPM) turun -12.30% yoy. Kami memproyeksikan sisi bottom line akan meningkat 30.58%
didukung penurunan pembayaran cukai rokok -6.26% yoy, hal ini mengindikasikan adanya peralihan konsumsi ke rokok yang lebih murah (downgradi... more
Salah satu perusahaan pergudangan terkemuka di Sumatera.
Berlokasi di Lampung dengan konsentrasi spesifik di Pulau Sumatra. Vastland Indonesia didirikan pada tahun 2011 di Bandar Lampung. Sampai saat ini perseroan memiliki gudang di Bandar Lampung, Jambi, Bengkulu, Palembang, Pekanbaru dan satu pergudangan Gudang di Pulau Jawa yang terletak di Klaten, Jawa Tengah. Dengan pengalaman lebih dari 10 tahun membangun gudang untuk berbagai industri, perseroan dapat menyediakan gudang yang sesuai de... more
PT Japfa Comfeed Indonesia Tbk merupakan salah satu perusahaan yang bergerak dalam bidang agri-food terbesar dan ter-integritas di Indonesia. Unit bisnis utama perusahaan ini yakni pembuatan pakan ternak, pembibitan ayam, pengolahan unggas serta pembudidayaan pertanian
PT Japfa Comfeed Indonesia Tbk merupakan salah satu perusahaan yang bergerak dalam bidang agri-food terbesar dan ter-integritas di Indonesia. Unit bisnis utama perusahaan ini yakni pembuatan pakan ternak, pembibitan ayam, pengo... more
MARK reported another satisfactory 1Q22 results Some of the notable
result includes:
1Q22 Revenue: Steady QoQ Revenue stream
MARK 1Q22 revenue reached IDR361bn, +66% YoY compared to 1Q21. On
QoQ basis, MARK 1Q22 revenue is maintained at 361B which was around
the same amount of revenue earned in 4Q21.
1Q22 Margin: Steady margin from capacity expansion
As the company expands its scale, the impact towards margin have been
steady. MARK’s 1Q21 Gross Margin/Operating Margin/Net Margin has
r... more
ISSP reported a significant turnover for its attributable earnings for both FY2021 and 1Q22 results Some of the highlighted result includes:
F2021-1Q22 Revenue: Significant YoY and QoQ Growth
For its FY2022, ISSP recorded a significant growth of 42.5% YoY. This Growth is attributed to significant sales percentage increase in products with higher margins such as Mechanical pipes (FY2020 12.7% Vs FY2021 15.2%), Black Pipes (FY2020 17.3% Vs FY2021 20.6%) and also decreased in sales in lower m... more
PT Mark Dynamics Indonesia Tbk (MARK IJ)
FY2021: Double Revenue, Triple Profit
Target Price: Rp2,000/share, upside: 55%
MARK reported an excellent FY21 results that surpassed our expectation. Some of the notable result include:
FY21 Revenue: doubling revenue achieved
MARK 4Q21 revenue reached IDR361bn, +63.5% YoY compared to 4Q20. On QoQ basis, MARK 4Q21 revenue is a tad higher than 3Q21 Revenue (+0.4% QoQ). This brings MARK’s FY21 to IDR1.194 tn, +111.1% YoY growth, beating our fo... more
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