Yuanta Indonesia Morning Journal - 29 Mar 2019
INDUSTRY
• Tobacco industry suggests on eradicating illegal cigarettes first than exercising excise hike
CORPORATE
• Kalbe Farma (KLBF IJ) posted revenue of IDR21.1tn
• Alam Sutera Realty (ASRI IJ) booked soft growth in FY18
• Gudang Garam (GGRM IJ) earnings reached IDR7.8tn in FY18
• Ramayana Lestari Sentosa (RALS IJ) net profit soared to IDR587bn in FY18
• Erajaya Swasembada (ERAA IJ) FY18 result – slightly above expectation
• Sarana Menara (TOWR IJ) FY18 result – below market expectation
• BJB (BJBR IJ) reported FY18 net profit of IDR1,548bn
• Adhi Karya (ADHI IJ) booked IDR644bn net profit and IDR15.7 revenue in FY18 – below our/consensus estimates
• Ace Hardware Indonesia (ACES IJ) booked earnings of IDR965bn in FY18