In today’s briefing:
- Selamat Sempurna (SMSM IJ) – Filters and Radiators Leading the Recovery
Selamat Sempurna (SMSM IJ) – Filters and Radiators Leading the Recovery
- Selamat Sempurna (SMSM IJ) remains one of the best quality Indonesian industrial companies, as the leading auto and heavy equipment filter producers for both OEM and the aftermarket.
- The company booked a strong set of 9M2022 results, with sales up +21% YoY and net profit increasing +30% YoY, driven by both domestic and export markets.
- Selamat Sempurna (SMSM IJ) maintains it FY2022 target for 15% sales and profits growth for FY2022, which looks conservative after the performance at 9M stage despite potential global headwinds.
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