Daily BriefsIndonesia

Daily Brief Indonesia: Bukalapak, United Tractors, Tower Bersama Infrastructure and more

In today’s briefing:

  • Smartkarma Corporate Webinar | BUKA: Profitability on the Horizon Through Mitra’s & Specialty Stores
  • United Tractors (UNTR IJ) Buyback – One Month To Go
  • Morning Views Asia: Longfor Properties, Tower Bersama Infrastructure

Smartkarma Corporate Webinar | BUKA: Profitability on the Horizon Through Mitra’s & Specialty Stores

By Smartkarma Research

For our next Corporate Webinar we are glad to welcome Bukalapak’s Director – Strategy, Corp Comms and IR, Carl Reading.

In the upcoming webinar, Carl will share a short company presentation after which, he will engage in a fireside chat with Smartkarma Insight Provider, Henry Soediarko. The Corporate Webinar will include a live Q&A session.
 
This Corporate Webinar will be hosted on Tuesday, September 20, 17:00 SGT

Bukalapak (BUKA IJ) is an Indonesian-based technology company founded in 2010, with a focus on helping to create a “Fair Economy for All”. Through their online and offline commerce platforms, BUKA wants to provide everyone with better options and opportunities to get more out of life. BUKA is currently serving more than 6.8 million merchants, 14.2 million Mitra Bukalapak partners and more than 110 million users. Bukalapak recently invested a significant minority stake in AlloBank (Digital Bank) and AlloFresh (E-Groceries) to expand their product offering.


United Tractors (UNTR IJ) Buyback – One Month To Go

By Travis Lundy

  • In mid-July, United Tractors (UNTR IJ) announced a buyback of up to 5 trillion rupiah, buying back “up to 20% of shares out.”  
  • In United Tractors (UNTR IJ) Buyback – Sure to Be Impactful I said the buyback would be smaller than the headlines, but still likely quite impactful. 
  • On Day 1, shares rose 5% to IDR 28,275. Since then the stock is up an additional 22%. Now we have a month left. There may be more juice still. 

Morning Views Asia: Longfor Properties, Tower Bersama Infrastructure

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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