Indocement (INTP IJ) - Increasing Reach, Reducing Costs, and Improving Sustainability

Angus has highlighted this Insight as a Top Pick
391 Views30 Nov 2022 02:23
SUMMARY
  • Indocement Tunggal Prakarsa (INTP IJ) has had a tough year with rising energy costs prompting price increases which impacted demand but 3Q2022 saw a strong rebound in sales growth.
  • Margins remained under pressure but increasing prices and the use of alternative fuels are helping to offset the impact of energy costs and more recently coal prices have been declining.
  • Indocement continues to impress with its focus on sustainability, significantly beating on emissions and dust. Valuations look attractive versus history and with a potential recovery in earnings in 2023.
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