External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Equity Bottom-Up

Victoria Care Indonesia Tbk / Equity Bottom-Up

<ul><li>Backed by major brands and strong new product launches in FY22, VICI 9M23’s top line outperformed FMCG peers at 41% yoy.  </li><li>Digital marketing channel has supported new product launches, strong sales and robust earnings growth. </li><li>For FY24, the company estimates revenues growth of 15-20%, with a minimum GPM of 53% and NIM of 12-13%. </li></ul><p><em>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.</em></p>

Backed by major brands and strong new product launches in FY22, VICI 9M23’s top line outperformed FMCG peers at 41% yoy.  Digital marketing channel has supported new product launches, strong sales and robust earnings growth. For FY24, the company estimates revenues growth of 15-20%, with a minimum GPM of 53% and NIM of 12-13%. 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 Victoria Care Indonesia (VICI IJ) - Strong Brands and Digital Marketing Channel Drive Promising

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Cross Asset Strategy

<ul>
<li>The Past Week saw insights on <a href="https://www.smartkarma.com/entities/goto-gojek-tokopedia-tbk-pt" target="_blank" data-smartkarma-citation="entities:25976:1" rel="noopener">GoTo Gojek Tokopedia (GOTO IJ)</a>, <a href="https://www.smartkarma.com/entities/sumber-alfaria-trijaya-tbk-pt" target="_blank" data-smartkarma-citation="entities:15659:1" rel="noopener">Sumber Alfaria Trijaya (AMRT IJ)</a>, <a href="https://www.smartkarma.com/entities/airports-of-thailand-pcl" target="_blank" data-smartkarma-citation="entities:239:1" rel="noopener">Airports of Thailand (AOT TB)</a> and the <a href="https://www.smartkarma.com/entities/philippine-stock-exchange-inc" target="_blank" data-smartkarma-citation="entities:23182:1" rel="noopener">Philippine Stock Exchange (PSE PM)</a>.</li>
<li>There was also a macro insight on Malaysia and further insights on <a href="https://www.smartkarma.com/entities/vietnam-international-bank" target="_blank" data-smartkarma-citation="entities:33814:1" rel="noopener">Vietnam International Bank (VIB VN)</a>, <a href="https://www.smartkarma.com/entities/victoria-care-indonesia-tbk" target="_blank" data-smartkarma-citation="entities:33750:1" rel="noopener">Victoria Care Indonesia Tbk (VICI IJ)</a>, and a SET50 Index Rebalance.</li>
<li>The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across Southeast Asia.</li>
</ul>


The Past Week saw insights on GoTo Gojek Tokopedia (GOTO IJ), Sumber Alfaria Trijaya (AMRT IJ), Airports of Thailand (AOT TB) and the Philippine Stock Exchange (PSE PM).
There was also a macro insight on Malaysia and further insights on Vietnam International Bank (VIB VN), Victoria Care Indonesia Tbk (VICI IJ), and a SET50 Index Rebalance.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across Southeast Asia.


The Christmas Week That Was in ASEAN@Smartkarma - Malaysian Reshuffle, GoTo Plays Safe, and Alfamart

Indonesia

PT. Victoria Care Indonesia Tbk is a personal care products manufacturing company. The Company offers cosmetics, toiletries, and fragrance products. Victoria Care serves customers worldwide.

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Victoria Care Indonesia Tbk (VICI IJ)

PT Victoria Care Indonesia (VICI IJ) - Strong Brands and Digital Marketing Channel Drive Promising

VICI trades at FY23 annualized PE of 28.6x, higher than the sector’s 19.1x but with an attractive earnings growth profile (+59% yoy based on our...

BRI Danareksa Research

The Christmas Week That Was in ASEAN@Smartkarma - Malaysian Reshuffle, GoTo Plays Safe, and Alfamart

The Past Week saw insights on GoTo Gojek Tokopedia (GOTO IJ), Sumber Alfaria Trijaya (AMRT IJ), Airports of Thailand (AOT TB) and the Philippine...

Angus Mackintosh

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52-week Range

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