DAILY UPDATE July 31, 2017

Transcription

1 DAILY UPDATE July 31, 2017 MACROECONOMIC NEWS US Jobs Initial jobless claims rose 10,000 to a seasonally adjusted 244,000 in the week ended July 22, the Labor Department said. Economists surveyed by Bloomberg had forecast 240,000 new claims. The four-week moving average of initial claims, which evens out weekly volatility, remained flat last week at 244,000. Continuing claims fell 13,000 to million in the week ended July 15. US Economy Orders for durable goods grew 6.5% in June the Commerce Department said. That marked the biggest jump in nearly three years. Excluding transportation, orders rose 0.2%. Sales of computers and cars fell last month, though each are up modestly overall this year compared with the same period last year. Orders for nondefense capital goods excluding aircraft, a proxy for spending on equipment and software, fell 0.1% after two months of solid gains. That marked the first drop since December. The US trade deficit in goods narrowed 3.7% last month as exports rose sturdily and imports fell, the Commerce Department said. Goods exports increased USD 1.8 billion to USD billion last month. Imports of goods fell USD 0.7 billion to USD billion. Retail and wholesale inventories increased 0.6% in June. A smaller goods trade deficit and increased stock accumulation are a boost to GDP growth. However, rising inventories could weigh on economic growth in the coming quarters. Japan Economy Japan s industrial production rebounded in June, as global demand continued to support the nation s economic recovery. Industrial production increased 1.6% in June from May, when it fell 3.6%. The decline in May partly reflected Golden Week holidays, when many factories cut back output. Production is forecast to rise 0.8% in July and rise 3.6% in August.Measured year on year, production rose 4.9%. A pickup in global demand and a weak yen have helped Japanese exporters, lifting the nation s economy to five consecutive quarters of expansion, the longest run in a decade. Equity Markets Closing % Change Dow Jones NASDAQ S&P MSCI excl. Jap Nikkei Shanghai Comp Hang Seng STI JCI Indo ETF (IDX) Indo ETF (EIDO) Currency Closing Last Trade US$ - IDR US$ - Yen Euro - US$ US$ - SG$ Commodities Last Price Chg %Chg Oil NYMEX Oil Brent Coal Newcastle Nickel Tin Gold CPO Rott CPO Malay Indo Gov. Bond Yields Last Yield Chg %Chg 1 year year year year year year PT. Panin Asset Management JSX Building Tower I, 3rd Floor Jl. Jend. Sudirman Kav , Jakarta T : (021) , F : (021)

2 CORPORATE NEWS SMSM PT Selamat Sempurna announced its 1H2017 financial results: SMSM (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,338 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 31.30% 29.40% -2.00% 29.70% 29.10% -0.60% Operating Profit Margin 20.30% 19.60% -0.70% 20.20% 19.10% -1.10% Net Profit Margin 15.60% 14.20% -1.30% 14.80% 13.60% -1.20% SIDO PT Industri Jamu dan Farmasi Sidomuncul announced its 1H2017 financial results: SIDO (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,297 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 41.00% 43.10% 2.10% 43.00% 43.20% 0.20% Operating Profit Margin 25.00% 24.60% -0.40% 25.80% 23.40% -2.50% Net Profit Margin 20.40% 20.30% -0.20% 21.10% 19.40% -1.80% APLN PT Agung Podomoro Land announced its 1H2017 results: APLN (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,921 3, % 1,205 2, % Gross Profit 1,472 2, % 592 1, % Operating Profit 838 1, % 292 1, % Pretax Earnings 600 1, % 164 1, % Net Income % % EPS (IDR) % % Gross Profit Margin 50.40% 51.90% 1.50% 49.10% 53.10% 3.90% Operating Profit Margin 28.70% 35.90% 7.20% 24.20% 41.10% 16.80% Net Profit Margin 10.50% 17.70% 7.10% 4.10% 23.70% 19.60% JRPT PT Jaya Real Property announced its 1H2017 results: JRPT (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,071 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 60.80% 63.30% 2.50% 62.40% 64.30% 1.80% Operating Profit Margin 46.00% 47.10% 1.10% 46.80% 47.50% 0.70% Net Profit Margin 41.60% 45.90% 4.40% 46.60% 45.30% -1.30%

3 RANC PT Supra Boga Lestari announced its 1H2017 financial results: RANC (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,034 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 24.90% 24.90% 0.00% 25.30% 24.60% -0.70% Operating Profit Margin 1.80% 1.10% -0.70% 0.60% 1.50% 0.90% Net Profit Margin 2.50% 1.70% -0.80% 1.30% 2.10% 0.80% BIRD PT Blue Bird announced its 1H2017 financial results: BIRD (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,472 2, % 1,040 1, % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 27.30% 27.50% 0.20% 29.60% 25.40% -4.20% Operating Profit Margin 15.00% 13.50% -1.50% 16.70% 10.40% -6.40% Net Profit Margin 9.30% 9.30% 0.00% 11.30% 7.30% -4.00% TOTO PT Surya TOTO Indonesia announced its 1H2017 financial results: TOTO (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,105 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 23.60% 22.90% -0.60% 24.00% 21.60% -2.40% Operating Profit Margin 15.90% 13.60% -2.20% 16.90% 9.40% -7.50% Net Profit Margin 11.60% 10.60% -1.00% 12.90% 7.70% -5.20% GGRM PT Gudang Garam announced its 1H2017 financial results: GGRM (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 36,963 40, % 19,970 20, % Gross Profit 8,039 8, % 4,397 4, % Operating Profit 4,343 4, % 2,753 1, % Pretax Earnings 3,818 4, % 2,534 1, % Net Income 2,869 3, % 1,890 1, % EPS (IDR) 1,491 1, % % Gross Profit Margin 21.70% 20.90% -0.80% 22.00% 19.90% -2.10% Operating Profit Margin 11.80% 11.30% -0.40% 13.80% 8.90% -4.90% Net Profit Margin 7.80% 7.80% 0.00% 9.50% 6.10% -3.40%

4 UNVR PT Unilever Indonesia announced its 1H2017 financial results: UNVR (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 20,746 21, % 10,846 10, % Gross Profit 10,491 10, % 5,626 5, % Operating Profit 4,474 4, % 2,662 2, % Pretax Earnings 4,415 4, % 2,620 2, % Net Income 3,298 3, % 1,961 1, % EPS (IDR) % % Gross Profit Margin 50.60% 51.30% 0.80% 51.90% 50.70% -1.10% Operating Profit Margin 21.60% 23.10% 1.50% 24.50% 21.50% -3.00% Net Profit Margin 15.90% 17.00% 1.10% 18.10% 16.00% -2.10% FAST PT Fast Food Indonesia announced its 1H2017 financial results: FAST (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,312 2, % 1,205 1, % Gross Profit 1,435 1, % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 62.10% 62.20% 0.20% 62.20% 62.30% 0.10% Operating Profit Margin 2.00% 1.90% -0.10% 0.70% 3.00% 2.20% Net Profit Margin 1.90% 2.90% 1.00% 3.10% 2.80% -0.30% ULTJ PT Ultrajaya Milk Industry & Trading announced its 1H2017 financial results: ULTJ (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,298 2, % 1,181 1, % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 33.40% 37.00% 3.50% 36.50% 37.40% 0.90% Operating Profit Margin 15.60% 18.70% 3.10% 22.80% 14.60% -8.20% Net Profit Margin 13.10% 16.40% 3.30% 20.10% 12.50% -7.70% WIIM PT Wismilak Inti Makmur announced its 1H2017 financial results: WIIM (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 30.50% 26.40% -4.10% 27.80% 24.70% -3.10% Operating Profit Margin 9.80% 2.10% -7.70% 6.90% -3.30% % Net Profit Margin 6.70% 1.50% -5.20% 4.70% -2.10% -6.80%

5 SCCO PT Supreme Cable Manufacturing announced its 1H2017 financial results: SCCO (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,796 2, % 1,132 1, % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 13.40% 8.70% -4.70% 9.70% 7.60% -2.10% Operating Profit Margin 10.60% 5.40% -5.20% 6.70% 4.00% -2.70% Net Profit Margin 8.90% 5.60% -3.30% 6.80% 4.30% -2.50% KLBF PT Kalbe Farma announced its 1H2017 financial results: KLBF (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 9,556 10, % 4,898 5, % Gross Profit 4,663 4, % 2,411 2, % Operating Profit 1,607 1, % % Pretax Earnings 1,529 1, % % Net Income 1,146 1, % % EPS (IDR) % % Gross Profit Margin 48.80% 48.90% 0.10% 49.20% 48.70% -0.60% Operating Profit Margin 16.80% 15.80% -1.00% 15.70% 15.80% 0.10% Net Profit Margin 12.00% 12.10% 0.10% 12.00% 12.20% 0.10% SMGR PT Semen Indonesia announced its 1H2017 financial results: SMGR (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 12,470 12, % 6,399 6, % Gross Profit 4,988 3, % 1,943 1, % Operating Profit 2,563 1, % % Pretax Earnings 2,574 1, % % Net Income 1,965 1, % % EPS (IDR) % % Gross Profit Margin 40.00% 30.30% -9.70% 30.40% 30.30% -0.10% Operating Profit Margin 20.60% 12.70% -7.80% 14.00% 11.40% -2.60% Net Profit Margin 15.80% 8.60% -7.20% 11.70% 5.50% -6.20% INTP PT Indocement announced its 1H2017 financial results: INTP (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 7,742 6, % 3,376 3, % Gross Profit 3,235 2, % 1,164 1, % Operating Profit 1, % % Pretax Earnings 2,247 1, % % Net Income 2, % % EPS (IDR) % % Gross Profit Margin 41.80% 34.20% -7.50% 34.50% 34.00% -0.50% Operating Profit Margin 25.20% 13.60% % 14.80% 12.30% -2.50% Net Profit Margin 31.40% 13.80% % 14.60% 13.00% -1.60%

6 SMCB PT Holcim Indonesia announced its 1H2017 financial results: SMCB (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 4,770 4, % 2,159 2, % Gross Profit 1, % % Operating Profit % % Pretax Earnings Net Income EPS (IDR) Gross Profit Margin 21.20% 14.50% -6.70% 18.00% 10.90% -7.10% Operating Profit Margin 3.70% -3.30% -7.00% 1.50% -8.20% -9.70% Net Profit Margin -1.10% % -9.10% -5.40% % -9.60% SMBR PT Semen Baturaja announced its 1H2017 financial results: SMBR (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 29.80% 30.20% 0.50% 28.00% 32.60% 4.60% Operating Profit Margin 19.60% 12.10% -7.60% 11.60% 12.60% 1.00% Net Profit Margin 15.80% 9.60% -6.20% 9.80% 9.50% -0.20% BISI PT Bisi International announced its 1H2017 financial results: BISI (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 40.70% 29.50% % 34.40% 23.20% % Operating Profit Margin 23.00% 11.30% % 18.80% 1.70% % Net Profit Margin 18.60% 10.30% -8.30% 15.90% 3.10% % MDLN PT Modernland Realty announced its 1H2017 financial results: MDLN (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,112 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 51.80% 55.00% 3.30% 58.20% 48.30% -9.90% Operating Profit Margin 35.90% 36.00% 0.10% 41.70% 23.60% % Net Profit Margin 2.40% 17.10% 14.70% 23.00% 4.30% %

7 HOKI Buyung Poetra Sembada announced its 1H2017 financial results: HOKI (IDR bn) 6M M 2017 YoY Revenue % Gross Profit % Operating Profit % Pretax Earnings % Net Income % EPS (IDR) % Gross Profit Margin 15.00% 15.30% 0.30% Operating Profit Margin 7.00% 9.70% 2.70% Net Profit Margin 4.30% 6.50% 2.10% INDS PT Indospring announced its 1H2017 financial results: INDS (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 15.80% 17.40% 1.60% 16.70% 18.30% 1.70% Operating Profit Margin 6.30% 6.90% 0.70% 5.80% 8.20% 2.30% Net Profit Margin 3.10% 4.90% 1.80% 3.80% 6.10% 2.30% MAIN PT Malindo Feedmill announced its 1H2017 financial results: MAIN (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,750 2, % 1,269 1, % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 18.40% 12.60% -5.80% 13.10% 12.20% -0.90% Operating Profit Margin 11.20% 4.10% -7.20% 5.40% 2.90% -2.50% Net Profit Margin 6.10% 1.00% -5.10% 1.90% 0.20% -1.80% SSIA PT Surya Semesta Internusa announced its 1H2017 financial results: SSIA (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,084 1, % % Gross Profit % % Operating Profit % % Pretax Earnings 159 1, % 26 1, % Net Income 92 1, % 3 1, % EPS (IDR) % % Gross Profit Margin 29.10% 26.60% -2.40% 29.60% 23.60% -6.00% Operating Profit Margin 14.40% 6.60% -7.70% 12.10% 0.90% % Net Profit Margin 4.40% 79.40% 75.00% 0.40% % %

8 BNGA PT Bank CIMB Niaga announced its 1H2017 financial results: BNGA (IDR bn) 6M M 2017 YoY Q Q QoQ Net Interest Income 5,813 6, % 3,097 3, % Non-Interest Income 2,020 2, % 1,039 1, % Other Operating Expense 6,784 6, % 3,299 3, % Operating Profit 1,051 1, % % Net Income 736 1, % % EPS (IDR) (diluted) % % CAR 17.62% 18.43% 0.81% 18.46% 18.43% -0.03% NIM 5.47% 5.87% 0.40% 5.71% 5.87% 0.16% ROE 4.98% 8.31% 3.33% 7.79% 8.31% 0.52% ROA 0.89% 1.55% 0.66% 1.44% 1.55% 0.11% NPL (Gross) 3.90% 3.89% -0.01% 3.91% 3.89% -0.02% NPL( Net) 1.93% 2.03% 0.10% 2.11% 2.03% -0.08% LDR 96.54% % 5.15% 98.50% % 3.19% EXCL PT XL Axiata announced its 1H2017 financial results: EXCL (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 10,854 10, % 5,668 5, % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Operating Profit Margin 2.72% 4.94% 2.21% 6.54% 3.21% -3.33% Net Profit Margin 2.07% 1.31% -0.76% 1.70% 0.88% -0.82% CPIN PT Charoen Pokphand Indonesia announced its 1H2017 financial results: CPIN (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 18,860 24, % 12,014 12, % Gross Profit 3,264 3, % 1,418 1, % Operating Profit 2,342 2, % 872 1, % Pretax Earnings 2,149 1, % 755 1, % Net Income 1,732 1, % % EPS (IDR) % % Gross Profit Margin 17.31% 13.02% -4.29% 11.81% 14.14% 2.33% Operating Profit Margin 12.42% 8.37% -4.04% 7.26% 9.41% 2.15% Net Profit Margin 9.18% 6.11% -3.07% 5.21% 6.95% 1.74%

9 RALS PT Ramayana Lestari Sentosa announced its 1H2017 financial results: RALS (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,766 2, % 1,078 1, % Gross Profit 1,196 1, % % Operating Profit % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 43.20% 45.20% 2.00% 34.70% 51.20% 16.40% Operating Profit Margin 9.20% 13.50% 4.30% -3.50% 23.20% 26.70% Net Profit Margin 9.20% 12.40% 3.20% 0.30% 19.30% 19.10% SMRA PT Summarecon Agung announced its 1H2017 financial results: SMRA (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 2,318 2, % 1,230 1, % Gross Profit 1,061 1, % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 22.60% 20.10% -2.50% 24.30% 16.60% -7.70% Pre-tax margin 11.40% 9.70% -1.70% 13.90% 6.10% -7.80% Net Profit Margin 1.10% 1.80% 0.80% 5.80% -1.60% -7.40% NRCA PT Nusa Raya Cipta announced its 1H2017 financial results: NRCA (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,309 1, % % Gross Profit After Income From JO % % Operating Profit 3,211 1, % , % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 9.30% 10.30% 1.00% 10.40% 10.30% 0.00% Gross Profit After JO Margin % % % % % % Pre-tax Margin 3.10% 12.80% 9.70% 4.20% 20.90% 16.70% Net Profit Margin 3.10% 10.40% 7.30% 4.20% 16.30% 12.10% PRDA PT Prodia Widyahusada announced its 1H2017 financial results: PRDA (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 58.50% 57.50% -1.10% 57.90% 57.10% -0.80% Operating Profit Margin 8.30% 6.50% -1.80% 8.70% 4.30% -4.30% Net Profit Margin 6.00% 8.70% 2.70% 9.70% 7.80% -2.00%

10 BWPT PT Eagle High Plantations reported 1H2017 financial results: BWPT (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,102 1, % % Gross Profit % % Operating Profit % Pretax Earnings Net Income EPS (IDR) Gross Profit Margin 14.00% 21.20% 7.10% 23.20% 18.60% -4.60% Operating Profit Margin 9.20% 10.50% 12.40% 5.20% Net Profit Margin TCID PT Mandom Indonesia announce 1H2017 financial results: TCID (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,252 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 38.90% 38.10% -0.90% 39.10% 36.80% -2.30% Operating Profit Margin 7.50% 8.20% 0.80% 13.40% 2.30% % Net Profit Margin 6.20% 7.20% 1.00% 10.00% 4.00% -6.00% KBLI PT KMI Wire and Cable announced its 1H2017 financial results: KBLI (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,287 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 16.86% 17.83% 0.98% 17.57% 18.12% 0.55% Operating Profit Margin 11.58% 11.49% -0.09% 12.32% 10.60% -1.72% Net Profit Margin 11.06% 17.24% 6.18% 9.48% 25.62% 16.13% VOKS PT Voksel Electric announced its 1H2017 financial results: VOKS (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 885 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 24.55% 21.43% -3.12% 21.08% 21.80% 0.71% Operating Profit Margin 16.60% 11.28% -5.32% 11.18% 11.38% 0.20% Net Profit Margin 10.87% 6.68% -4.19% 6.90% 6.44% -0.46%

11 MPMX PT Mitra Pinasthika Mustika announced its 1H2017 financial results: MPMX (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 8,349 7, % 3,959 3, % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 11.20% 11.60% 0.40% 15.80% 7.10% -8.70% Operating Profit Margin 4.50% 4.60% 0.20% 5.20% 4.00% -1.20% Net Profit Margin 2.20% 4.20% 2.00% 3.30% 5.20% 1.90% POWR PT Cikarang Listindo announced its 1H2017 financial results: POWR (USD mn) 6M M 2017 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 33.90% 35.00% 1.10% 33.10% 36.80% 3.70% Operating Profit Margin 25.20% 25.90% 0.70% 25.20% 26.70% 1.50% STTP PT Siantar Top announced its 1H2017 financial results: STTP (IDR bn) 6M M 2017 YoY Q Q QoQ Revenue 1,314 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 19.53% 20.46% 0.93% 20.56% 20.36% -0.20% Operating Profit Margin 8.86% 9.34% 0.48% 9.30% 9.39% 0.08% Net Profit Margin 4.90% 5.96% 1.05% 5.26% 6.73% 1.47%

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