Jasa Marga - Maintaining Our Positive View Amid 21%/19% EPS Growth Forecast in FY24F/25F
JSMR recorded 3% qoq lower toll revenue in 3Q24 due to a high base in 2Q24, yet 9M24 rev. still grew 18% yoy (74%/72% of our/cons FY24F).
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Aspirasi Hidup Indonesia - Expansion Plans to Drive Store to Double in 5-7 Years
Following ACES’ strong 9M24 results, we expect the potential tax benefit from a lower rate to offset the Rp30bn investment loss in ODI.
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BRIDS Weekly Update Economic & Fixed Income Research Monday, Nov 11 , 2024
Despite 25bps cut, the Fed belief the policy and economy are still in a good place, signaling more gradual FFR cut trajectory.
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Siloam International Hospitals - Better Entry Point Emerges Post-Weak 3Q24 Results
SILO increased its revenue intensity by 4% qoq in 3Q24, amid weak 9M24 growth (from high base) and lingering insurance repricing issues.
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Macro Strategy - Post-Trump’s Decisive Victory
Trump's core objective to drive the economy requires an initial balanced approach to manage reflation risks and ensure sustainable rate cuts.
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