Daily BriefsIndonesia

Daily Brief Indonesia: Adani Ports & Special Economic Zone, Sumber Alfaria Trijaya Tbk Pt, AAC Technologies Holdings and more

In today’s briefing:

  • Weekly Wrap – 24 Nov 2023
  • Sumber Alfaria Trijaya (AMRT IJ) – Ongoing Momentum Sustained
  • Asia Trade Book – November 2023 – Lucror Analytics


Weekly Wrap – 24 Nov 2023

By Charles Macgregor

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.

In this Insight:

  1. Agung Podomoro Land
  2. China Jinmao Holdings
  3. Geely Auto
  4. First Pacific Co
  5. Reliance Industries

and more…


Sumber Alfaria Trijaya (AMRT IJ) – Ongoing Momentum Sustained

By Angus Mackintosh

  • A company visit with Sumber Alfaria Trijaya revealed confidence in the outlook with its more aggressive store expansion on track, as it nearly draws level with Indomaret.
  • The company remains focused on expanding its Lawson convenience store outlets plus larger size Midi outlets. Its membership scheme is growing fast with 10m shopping once a week. 
  • Sumber Alfaria Trijaya (AMRT IJ) remains a core retail holding, with its premium valuation justified by its strong growth prospects, with estimated 2-year Forward EPS growth of +25% and +17%. 

Asia Trade Book – November 2023 – Lucror Analytics

By Charles Macgregor

The Asia Trade Book for November 2023 includes a summary of our recommendations, as well as our high-conviction ideas. The report also features relative-value charts and lists of the bonds across Asia HY and crossover credits.

Please reach out to our analysts to discuss any of these ideas, or other trade recommendations from our Asia coverage.


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