Midi Utama Indonesia (MIDI.IJ) - Resilient Growth Prospect Despite Macro Headwinds
We reinitiate with a Buy rating and TP of Rp550. Its curr. val of 19.7x PE FY25F seems premium yet we think remains warranted given the growth...
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Retail: FY26 Outlook: Fiscal Boost and Store Expansion Drive Steady Growth in FY26F (OVERWEIGHT)
We expect govt fiscal expansion to boost gradual demand recovery, while store expansion remains the key growth driver for retailers in FY26F.
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Retail: 3Q25 Preview: Steady Revenue, But Earnings May Come Under Pressure (OVERWEIGHT)
As we expect margins to normalize, core profit growth is estimated to be flat yoy in 9M25, likely falling short of our estimates. Maintain...
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Sumber Alfaria Trijaya (AMRT IJ) - Outperforming with Essentials
Sumber Alfaria Trijaya (AMRT IJ) booked a surprisingly strong set of 1Q2025 results, going against softer consumer sentiment, underlining Alfamart...
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Sumber Alfaria Trijaya (AMRT IJ) - Good Reason for Optimism
Alfamart will continue to expand its store network in 2025, with Lawson under AMRT to bring future synergy benefits. Valuations look attractive...
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