BRIDS Weekly Update Economic & Fixed Income Research Monday, Jul 01 , 2024
While not immediately creating an ideal situation, the recent positive developments help counter the prolonged negative sentiment.
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Astra International - Challenges from Used 4W, but Expect 2H24F Sales to Improve from 1H24
Used 4W sales have gained traction rapidly since 2020, in which year used 4W sales grew by 8% yoy, outpacing new 4W sales (-44% yoy).
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Macro Strategy: The Amalgam of Catalysts
While not immediately creating an ideal situation, the recent positive developments help counter the prolonged negative sentiment.
165 Views
Telkom Indonesia - Robust Traffic Growth on the Cards for 2Q24
We reiterate our view of ARPU stabilization in 2Q24 reflecting CVM efforts and robust traffic growth thanks to TSEL’slatest product strategy.
281 Views
Banks: Attractive Entry Point Amid Valuation Derating, Supported by the Still Robust Asset Quality
With higher FY24F CoC of 3.0%, BBRI has allocated adequate provisions to address the current issue in its MSME segment. Maintain Overweight rating...
181 Views