Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Multi Bintang Indonesia (MLBI IJ): Steady FY24, 9% Yield and >80% ROCE

Multi Bintang (MLBI IJ): Recovery Story With High Cash Flow Generation and Dividend Pay Out

Multi Bintang Indonesia (MLBI IJ): Q2 2024 Mediocre, But Dividend Yield At 8% for 70% ROCE Company

Multi Bintang (MLBI IJ): Massive Inflection in Q3 FY24 with Double Digit Growth !!

Multibintang Q1 FY24: Soft Start, Down to 13x PE and a >7% Dividend Yield

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

Multi Bintang Indonesia / Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/multi-bintang-indonesia-pt" target="_blank" data-smartkarma-citation="entities:11651:1" rel="noopener">Multi Bintang Indonesia (MLBI IJ)</a>  saw significant inflection in Q3 FY24, with revenue and net profit growth of 21.9% and 35%, respectively. Strong growth is anticipated in Q4's high season.</li>
<li>Our confidence in MLBI's Q4 stems from Bali's impressive tourism statistics, registering a 17% YoY increase in Q3 FY24 and 19% YoY in Q4 FY24 (up to November).</li>
<li>With a 10.4x FY24e PE valuation, over 9% dividend yield, and historical ROCEs surpassing 80%, we believe the share price is at a turning point.</li>
</ul>



Multi Bintang Indonesia (MLBI IJ)  saw significant inflection in Q3 FY24, with revenue and net profit growth of 21.9% and 35%, respectively. Strong growth is anticipated in Q4's high season.
Our confidence in MLBI's Q4 stems from Bali's impressive tourism statistics, registering a 17% YoY increase in Q3 FY24 and 19% YoY in Q4 FY24 (up to November).
With a 10.4x FY24e PE valuation, over 9% dividend yield, and historical ROCEs surpassing 80%, we believe the share price is at a turning point.


Multi Bintang Indonesia (MLBI IJ): Anticipating Strong Q4 FY24, 80% ROCE, and >9% Dividend Yield