HM Sampoerna (HMSP IJ): 1Q23 Earnings: Solid Growth
HMSP reported 1Q23 net profits of IDR2.16tn, +12.8% yoy & +52% qoq, mainly supported by higher gross margins (18% vs 4Q22’s 16.7%) and top line...
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Cigarette: Waiting for Change
Excise tax simplification for cigarettes is only likely to take place after 2024, good news for the below tier-1 cigarette producers.
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Shift To Defensives as $ACWI Makes Push for $93; Remain Overweight Europe; Opptys in China/HK, Japan
$ACWI, $ACWX, $EFA, and $EEM all reversing topside their 2-month downtrends. Despite this bullish short-term development, we still expect $93 to...
479 Views
The Week That Was in ASEAN@Smartkarma -Bank Central Asia, Bank Negara Indonesia, and Central Retail.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
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IDX30/LQ45/IDX80 Index Rebalance: 4 Days to Implementation
There are 3, 6 and 7 changes for the IDX30, LQ45 and IDX80 indices. There are only 4 days to implementation and multiple days ADV to trade on a lot...
855 Views