External broker reports(aggregated public sources), MNC Sekuritas

MNC Sekuritas

External broker reports(aggregated public sources)

MNC Sekuritas, the first wholly-owned subsidiary established by the Group back in 1989, provides a complete range of services, from equity, fixed income, investment banking to providing research to optimize clients’ investments. Thus far, the company has more than 140 points of sales with over 100,000 clients. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>ERAA started FY24E on a positive note, with 1Q24 revenue rising by +12.6% YoY to IDR16.6 tn (vs IDR14.8 tn in 1Q23).</li><li>1Q24 net profit climbed by +8.4% YoY to IDR255.3 bn (vs IDR235.5 bn in 1Q23), with PAT increasing by +14.8% YoY.</li><li>NPM remained stable at 1.5% (vs 1.6% in 1Q23), despite higher OPEX/revenue of 8.3% (vs 7.8% in 1Q23).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ERAA started FY24E on a positive note, with 1Q24 revenue rising by +12.6% YoY to IDR16.6 tn (vs IDR14.8 tn in 1Q23).1Q24 net profit climbed by +8.4% YoY to IDR255.3 bn (vs IDR235.5 bn in 1Q23), with PAT increasing by +14.8% YoY.NPM remained stable at 1.5% (vs 1.6% in 1Q23), despite higher OPEX/revenue of 8.3% (vs 7.8% in 1Q23).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ERAA IJ - MNC Sekuritas Equity Report May 29, 2024

<ul><li>ERAA started FY24E on a positive note, with 1Q24 revenue rising by +12.6% YoY to IDR16.6 tn (vs IDR14.8 tn in 1Q23).</li><li>This is in-line with our/cons. forecast, implying 24.8% and 25.8% of the FY24E target, respectively.</li><li>Almost all segments contributed to the revenue increase, with the cellular phones and tablet segment growing by +13.4% YoY, while the computer and electronic devices segment rose by +47.8% YoY, and accessories and others advanced by +14.6% YoY.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ERAA started FY24E on a positive note, with 1Q24 revenue rising by +12.6% YoY to IDR16.6 tn (vs IDR14.8 tn in 1Q23).This is in-line with our/cons. forecast, implying 24.8% and 25.8% of the FY24E target, respectively.Almost all segments contributed to the revenue increase, with the cellular phones and tablet segment growing by +13.4% YoY, while the computer and electronic devices segment rose by +47.8% YoY, and accessories and others advanced by +14.6% YoY.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PT Erajaya Swasembada Tbk (ERAA IJ) - Poised to Enjoy Handset Volume Growth

<ul><li>We anticipate that the chip shortage has subsided and will begin recovering in FY24E, signalling positive prospects for the handset industry to boost volume growth.</li><li>After experiencing negative returns for 14 consecutive months, world chip sales recorded a growth of +5.7% YoY in Nov-23.</li><li>ERAA outlined its focus on leveraging the brand portfolio at the affordable prices for handsets and accessories.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We anticipate that the chip shortage has subsided and will begin recovering in FY24E, signalling positive prospects for the handset industry to boost volume growth.After experiencing negative returns for 14 consecutive months, world chip sales recorded a growth of +5.7% YoY in Nov-23.ERAA outlined its focus on leveraging the brand portfolio at the affordable prices for handsets and accessories.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ERAA IJ - MNC Sekuritas Equity Report February 2, 2024

Indonesia

PT Sat Nusapersada Tbk supplies printed circuit boards (PCB's) and mechanical parts assembly for supply multinational industries located in Batam.

P.T. Multipolar Technology Tbk provides IT solutions. The Company offers services in hardware infrastructure, software solutions, and consulting services.

PT Centratama Telekomunikasi Indonesia Tbk provides information technology solution and internet services such as dial up access, leased line, web hosting, co-location, banner, e-mail, roaming, and mailing list. The Company's website includes Lelang88.com, Apakabar.com, Iklanmini.co.id and Centrin.net.id.

Centratama Telekomuniks Indonesia (CENT IJ)

PT First Media Tbk provides television and broadband access services to residential and commercial areas using its hybrid fiber optic coaxial (HFC) networks.

PT Indoritel Makmur Internasional Tbk operates as an investment holding company. The Company is primarily focused on the consumer and retail industries in Indonesia.

NAGANO KEIKI CO., LTD. manufactures measuring instruments such as pressure gauges, transmitters, and temperature gauges primarily used for automobiles. The Company also makes equipment for the semiconductor industry, such as pressure regulators, transducers, digital pressure gauges, and power supplies.

Edom Technology Co., Ltd. distributes ICs (Integrated Circuits), electronic components, memory, and discrete device products.  The Company's products are applied to multimedia, like DVD decoder software, portable products, such as notebook computer graphic chips, and communication products used for cellular phones and wireless web access.

Nippon Signal Company, Limited. manufactures and sells traffic signals. The Company also develops control system equipment such as ticket vending machines, automatic passenger gates, and automatic check in machines. Nippon Signal's products are used for railway stations, airports, and parking lots.

Jarllytec Co., Ltd. manufactures and distributes hinges and optical fiber connectors. The Company's hinge products are mainly used for notebook personal computers and liquid crystal display (LCD) monitors, while its optical fiber connectors are mainly used for optical signal transmission systems.

Shenzhen Huakong SEG Co Ltd is mainly engaged in trading of electronic components and LCD TVs. It also operates warehouse rental business.

Newcapec Electronics Company Limited provides smart card system software. The Company also offers a range of terminal development, production, integration, sales  and services.

Shenzhen Sunshine Laser & Electronics Technology Company Limited provides laser cutting and laser drilling services.  The Company's main products and services include laser templates, precision metal parts, flexible circuit board laser forming and laser drilling services.

Shenzhen Sunshine Lsr& Elcts Tech (300227 CH)

JALCO Holdings Inc. is a holding company that manages pachinko and slot machines  related business. The group also leases equipments and provides loans and other  financing activities. They also lease properties to operate amusument facilities.

JiangXi Sanchuan Water Meter Co., Ltd manufactures water meters, intelligent card meters, remote and compound water meters, water supply systems, and drainage pipe fittings.  The Company also provides water management application software technology.

Jiangxi Sanchuan Water Meter Co, Ltd. (300066 CH)

Flytech Technology Co., Ltd. manufactures and sells Book PCs, POS (Point of Sales) PCs, Net PCs, and other computer peripherals.  The Company markets its products worldwide.

PT Erajaya Swasembada Tbk distributes and retails cellular telephones.  The Company is licensed to distribute international brands of cell phones, and operates a chain of retail shops in Indonesia.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Erajaya Swasembada (ERAA IJ)

ERAA IJ - MNC Sekuritas Equity Report May 29, 2024

ERAA started FY24E on a positive note, with 1Q24 revenue rising by +12.6% YoY to IDR16.6 tn (vs IDR14.8 tn in 1Q23).1Q24 net profit climbed by...

MNC Sekuritas

PT Erajaya Swasembada Tbk (ERAA IJ) - Poised to Enjoy Handset Volume Growth

ERAA started FY24E on a positive note, with 1Q24 revenue rising by +12.6% YoY to IDR16.6 tn (vs IDR14.8 tn in 1Q23). This is in-line with our/cons....

MNC Sekuritas

ERAA IJ - MNC Sekuritas Equity Report February 2, 2024

We anticipate that the chip shortage has subsided and will begin recovering in FY24E, signalling positive prospects for the handset industry to...

MNC Sekuritas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)