In today’s briefing:
- Kawasan Industri Jababeka (KIJA IJ) – Proxy for Shifting Supply Chains
- EQD | Is the NIFTY’s Rally Halting?
Kawasan Industri Jababeka (KIJA IJ) – Proxy for Shifting Supply Chains
- Kawasan Industri Jababeka released a strong set of FY2023 results, with revenue growth of 20% overall and EBITDA increasing by +15% YoY due to higher land sales at Kendal.
- KIJA also saw strong recurrent revenue from its infrastructure pillar making up 44% of sales. Marketing sales came in above its target and it is projecting a higher 2024 number.,
- The company’s Kendal Estate is a key beneficiary of shifting supply chains from China with 81% of sales to foreign companies and marketing sales increasing 68% YoY in 2023.
EQD | Is the NIFTY’s Rally Halting?
- The NIFTY Index has been rallying for months, but in the last few weeks there has been a considerable slow down in its rising pace.
- Currently the index is at a point where it could pull back this coming week, based on our MRM patterns reading.
- A possible alternative scenario would be a continuation of the rally for a total of 4-5 weeks up in a row.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
