DAILY UPDATE July 30, 2018

Transcription

1 DAILY UPDATE July 30, 2018 MACROECONOMIC NEWS China Economy - Profits at China's industrial companies in June rose 20 per cent from a year earlier, the statistics Bureau said on Friday, versus 21.1 per cent gain in May. Industrial profits increased 17.2 per cent in the first six months of 2018 from same period last year, versus a 16.5 per cent increase in the January- May period. Total profits in June totalled CNY billion, according to the National Bureau of Statistics (NBS). By the end of June, industrial firms' liabilities grew 6.6 per cent from a year earlier to CNY 61.9 trillion, compared with an increase of 6.3 per cent at the end of May. The data covers large enterprises with annual revenues of more than CNY 20 million from their main operations. US Jobs - The number of Americans claiming new unemployment benefits rose last week from the lowest level since 1969 but remained near multidecade lows, offering evidence of the labor market s strength. Initial jobless claims, a proxy for layoffs across the U.S., increased by 9,000 to a seasonally adjusted 217,000 in the week ended July 21, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal expected 215,000 new claims last week. Unemployment-benefit applications have remained low for years, a sign that relatively few Americans are being laid off and seeking assistance in a buoyant U.S. job market. In the week ended July 14, claims dropped to 208,000, the lowest level in nearly five decades. However, economists said this low figure could largely reflect issues with seasonal adjustment around the July Fourth holiday.the four-week moving average of claims, which smooths out weekly volatility, fell by 2,750 to 218,000 last week. CORPORATE NEWS GIAA PT Garuda Indonesia has completed IDR 2 trillion securitization of Indonesia-Jeddah and Indonesia-Madinah route. DILD PT Intiland Development acquired B2 rating with stable outlook from Moody s Investor Service. 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 LSIP PT Perusahaan Perkebunan London Sumatra Indonesia reports 6M 2018 financial result: LSIP (IDR bn) 6M M 2018 YoY Q Q QoQ Net Sales 2,468 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income (Loss) % % EPS (IDR) % % Gross Profit Margin 29.59% 22.45% -7.1% 23.29% 21.64% -1.6% Operating Profit Margin 22.84% 13.41% -9.4% 14.72% 12.13% -2.6% Net Profit Margin 17.35% 12.76% -4.6% 13.36% 12.17% -1.2% SIMP PT Salim Ivomas Pratama reports 6M 2018 financial result: SIMP (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 8,518 6, % 3,227 3, % Gross Profit 1,783 1, % % Operating Profit 1, % % Pretax Earnings % % Net Income (Loss) % % EPS (IDR) % % Gross Profit Margin 20.93% 19.83% -1.1% 22.57% 17.24% -5.3% Operating Profit Margin 12.19% 8.35% -3.8% 11.15% 5.69% -5.5% Net Profit Margin 3.69% 0.86% -2.8% 3.45% -1.59% -5.0% HMSP PT Hanjaya Mandala Sampoerna reports 6M 2018 financial result: HMSP (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 46,590 49, % 23,136 26, % Gross Profit 11,396 11, % 5,496 5, % Operating Profit 7,639 7, % 3,776 3, % Pretax Earnings 8,018 8, % 3,975 4, % Net Income 6,050 6, % 3,032 3, % EPS (IDR) % % Gross Profit Margin 24.50% 23.30% -1.20% 23.80% 22.80% -1.00% Operating Profit Margin 16.40% 15.30% -1.10% 16.30% 14.50% -1.90% Net Profit Margin 13.00% 12.40% -0.60% 13.10% 11.80% -1.30% MYOR PT Mayora announced its 6M 2018 financial result: MYOR (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 9,390 10, % 5,415 5, % Gross Profit 2,110 2, % 1,386 1, % Operating Profit 923 1, % % Pretax Earnings 749 1, % % Net Income % % EPS (IDR) % % Gross Profit Margin 22.50% 25.70% 3.20% 25.60% 25.80% 0.20% Operating Profit Margin 9.80% 9.30% -0.50% 11.20% 7.40% -3.70% Net Profit Margin 5.80% 6.80% 1.00% 8.80% 4.80% -4.10%

3 UNTR PT United Tractors reported 6M18 results: UNTR (IDR bn) 6M17 6M18 YoY Q Q QoQ Revenue 29,431 38, % 19,011 19, % Gross Profit 6,249 9, % 4,453 4, % Operating Profit 4,683 7, % 3,538 3, % Pretax Earnings 4,635 7, % 3,538 4, % Net Income 3,423 5, % 2,531 2, % EPS (IDR) , % % Gross Profit Margin 21.2% 23.8% 2.5% 23.4% 24.1% 0.7% Operating Profit Margin 15.9% 19.1% 3.2% 18.6% 19.6% 1.0% Net Profit Margin 11.6% 14.1% 2.4% 13.3% 14.8% 1.5% BBCA PT Bank Central Asia reported 6M18 results: BBCA (IDR bn) 6M2017 6M2018 YoY Q Q QoQ Net Interest Income 20,372 21, % 10,781 11, % Non - Interest Income 9,308 11, % 5,319 6, % Other Operating Expense 16,442 18, % 9,209 9, % Operating Profit 13,238 14, % 6,891 7, % Pre-Provision Operating Profit 14,174 15, % 7,079 8, % Net Income 10,535 11, % 5,508 5, % EPS (IDR) (diluted) % % CAR 22.10% 22.81% 0.71% 23.65% 22.80% -0.85% NIM 6.26% 6.05% -0.21% 6.06% 6.10% 0.04% ROE 18.30% 17.26% -1.04% 16.06% 17.30% 1.24% ROA 3.67% 3.59% -0.08% 3.40% 3.60% 0.20% NPL (Gross) 1.47% 1.43% -0.04% 1.54% 1.40% -0.14% NPL( Net) 0.40% 0.43% 0.03% 0.46% 0.40% -0.06% LFR 74.49% 77.02% 2.53% 77.85% 77.02% -0.83% ERAA PT Erajaya announced its 6M 2018 financial result: ERAA (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 11,056 17, % 8,280 8, % Gross Profit 989 1, % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 8.90% 9.90% 1.0% 10.00% 9.80% -0.3% Operating Profit Margin 2.20% 3.60% 1.5% 3.40% 3.80% 0.4% Net Profit Margin 1.30% 2.50% 1.3% 2.50% 2.60% 0.1%

4 ACES PT Ace Hardware Indonesia announced its 6M 2018 financial result: ACES (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 2,760 3, % 1,574 1, % Gross Profit 1,322 1, % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 47.9% 47.9% 0.0% 47.8% 48.0% 0.2% Operating Profit Margin 13.5% 14.0% 0.5% 14.8% 13.3% -1.5% Net Profit Margin 11.9% 12.6% 0.7% 13.3% 12.0% -1.3% KAEF PT Kimia Farma announced its 6M 2018 financial result: KAEF (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 2,636 3, % 1,490 1, % Gross Profit 937 1, % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 35.5% 35.9% 0.4% 34.7% 36.9% 2.2% Operating Profit Margin 4.5% 5.9% 1.4% 5.8% 6.0% 0.3% Net Profit Margin 3.6% 3.6% 0.0% 2.5% 4.4% 1.9% DMAS PT Deltamas announced its 6M 2018 financial result. DMAS (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 69.5% 54.1% -15.4% 86.1% 52.4% -33.7% Operating Profit Margin 46.4% 25.8% -20.6% 33.1% Net Profit Margin 52.0% 38.0% -14.0% 23.3% 38.8% 15.5% TOTL PT Total Bangun Persada announced its 6M 2018 financial result. TOTL (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 1,407 1, % % Gross Profit % % Gross Profit incl. JV % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 16.8% 17.5% 0.8% 17.1% 18.0% 0.9% Operating Profit Margin 9.7% 10.2% 0.5% 11.0% 9.2% -1.9% Net Profit Margin 9.0% 9.0% 0.0% 9.6% 8.2% -1.4%

5 AKRA PT AKR Corporindo reported 6M18 results: AKRA (IDR bn) 6M2017 6M2018 YoY Q Q QoQ Revenue 9,221 11, % 5,834 5, % Gross Profit 1, % % Operating Profit % % Pretax Earnings % % Net Income 588 1, % % EPS (IDR) % % Gross Profit Margin 11.4% 7.4% -4.0% 7.1% 7.7% 0.6% Operating Profit Margin 8.2% 4.3% -3.9% 4.1% 4.4% 0.3% Net Profit Margin 6.4% 10.0% 3.6% 15.9% 3.6% -12.4% SPTO PT Surya Pertiwi reported 6M18 results: SPTO (IDR bn) 6M2017 6M2018 YoY Revenue 1,043 1, % Gross Profit % Operating Profit % Pretax Earnings % Net Income % EPS (IDR) % Gross Profit Margin 24.8% 23.9% -0.9% Operating Profit Margin 13.1% 13.2% 0.1% Net Profit Margin 9.8% 9.3% -0.5% ENRG PT Energi Mega Persada reported 3M18 results: ENRG (USD mn) 3M2017 3M2018 YoY Q Q QoQ Revenue % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (USD) % % Gross Profit Margin 39.6% 23.0% -16.7% 23.0% 119.3% Operating Profit Margin 35.3% 21.0% -14.2% 21.0% 125.8% Net Profit Margin 59.0% 1.6% -57.4% 1.6% 97.7% BSDE PT Bumi Serpong Damai announced its 6M 2018 results: BSDE (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 4,307 3, % 1,702 1, % Gross Profit 3,146 2, % 1,163 1, % Operating Profit 2,146 1, % % Pretax Earnings 2, % % Net Income 2, % % EPS (IDR) % % Gross Profit Margin 73.0% 71.8% -1.2% 68.4% 75.9% 7.6% Operating Profit Margin 49.8% 36.4% -13.4% 39.1% 33.2% -5.9% Net Profit Margin 46.7% 13.1% -33.5% 23.9% 0.1% -23.8%

6 PZZA PT Sarimelati Kencana announced its 6M 2018 financial result: PZZA (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 1,438 1, % % Gross Profit 964 1, % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 67.0% 67.6% 0.5% 67.7% 67.4% -0.3% Operating Profit Margin 3.8% 6.2% 2.3% 5.4% 6.9% 1.5% Net Profit Margin 3.4% 4.8% 1.3% 4.1% 5.4% 1.3% WINS PT Wintermar Offshore Marine announced its 6M 2018 financial result: WINS (USD thou) 6M M 2018 YoY Q Q QoQ Revenue 27,651 32, % 16,633 15, % Gross Profit -1,054 4,784 3,311 1, % Operating Profit -4, , Pretax Earnings -11,440-4,482-1,019-3,463 Net Income -11,444-4,486-1,019-3,467 EPS (USD) -2, , Gross Profit Margin -3.8% 14.7% 18.5% 19.9% 9.2% -10.7% Operating Profit Margin -17.5% 3.0% 20.4% 9.0% -3.3% -12.2% Net Profit Margin -41.4% -13.7% 27.6% -6.1% -21.7% -15.5% SAME PT Sarana Meditama Metropolitan announced its 6M 2018 financial result: SAME (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 46.2% 47.2% 1.0% 45.9% 48.4% 2.5% Operating Profit Margin 20.7% 20.5% -0.2% 20.0% 21.0% 1.1% Net Profit Margin 12.6% 10.7% -1.9% 9.5% 11.8% 2.3% MTLA PT Metropolitan Land announced its 6M 2018 financial result: MTLA (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 59.4% 60.6% 1.2% 57.0% 64.9% 7.9% Operating Profit Margin 33.7% 36.4% 2.7% 35.9% 37.0% 1.0% Net Profit Margin 23.0% 39.3% 16.3% 27.8% 52.5% 24.7%

7 PPRO PT PP Properti announced its 6M 2018 results: PPRO (IDR bn) 6M M 2018 YoY Q Q QoQ Revenue 1,049 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 24.30% 25.60% 1.30% 24.90% 26.40% 1.50% Operating Profit Margin 20.30% 20.00% -0.30% 19.90% 20.10% 0.20% Net Profit Margin 15.30% 15.20% -0.10% 14.80% 15.70% 0.90% ELSA PT Elnusa announced its 6M 2018 financial result: ELSA (IDR bn) 6M M 2018 YoY Q Q QoQ Net Sales 1,991 2, % 1,456 1, % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 8.1% 10.4% 2.3% 10.4% 10.4% 0.0% Operating Profit Margin 2.8% 5.9% 3.1% 6.5% 5.3% -1.1% Net Profit Margin 0.7% 4.4% 3.7% 4.9% 3.9% -1.0% PPRE PT PP Presisi announced its 6M 2018 financial result: PPRE (IDR bn) 6M M 2018 YoY Q Q QoQ Net Sales 290 1, % % Gross Profit % % Operating Profit % % Pretax Earnings % % Net Income % % EPS (IDR) % % Gross Profit Margin 25.2% 23.3% -1.9% 22.5% 24.0% 1.5% Operating Profit Margin 21.3% 20.9% -0.4% 19.9% 21.7% 1.8% Net Profit Margin 9.7% 11.0% 1.3% 9.6% 12.2% 2.7%

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