AKR Corporindo - 1H24 Earnings Miss, 2H24 Shall Improve but Is Priced In
AKRA’s 1H24 net profit only reached 35%/33% of our/cons FY24F est., a miss vs. historical seasonality due to weak distribution margins.
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AKR Corporindo - Expect a Better 2H24 Land Sales
We expect JIIPE to remain a key earnings driver in FY24/ FY25, with 100 ha/90 ha of land sales for JIIPE in FY24F/FY25F (+10%/-10% yoy).
156 Views
AKR Corporindo (AKRA IJ) - Industrial Chameleon
AKR Corporindo (AKRA IJ) booked an impressive finish to the year despite slower revenue growth from its trading & distribution business boosted by...
517 Views
AKR Corporindo (AKRA IJ) - Holistic Industrial Proxy
AKR Corporindo (AKRA IJ) is an increasingly holistic play on Indonesia's growth through its fuel and chemical distribution, which is being hosted...
405 Views
AKR Corporindo (AKRA IJ) - Chemicals, Copper, Gold, and Silver
AKR Corporindo (AKRA IJ) remains a crucial proxy for the Indonesian economy through its fuel and chemical distribution business, with JIIPE...
483 Views