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Good morning,
Buyung Poetra
Sembada – Update on rice selling price condition
During a meeting with the company,
Buyung Poetra Sembada’s (HOKI IJ, NR) management said that in the next two
months EBIT margin will narrow, driven by new government regulation which
caps rice retail selling price. Going forward, the company plans to sell only
premium branded rice and special rice (such as pandan wangi). Medium segment
of branded rice is likely not to be profitable. Pandan wangi rice’s selling
price is not regulated by government and currently accounts for around 20% of
total sales. HOKI plans to build a new paddy processing plant in South
Sumatra in 2018. (Andrey Wijaya)
Link
to daily report: Indonesia Morning Cuppa 280817
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Media Highlights:
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Corporate
Bank Indonesia: rate
cut effect to take place in 2018
Adhi targets
concrete plant acquisition
PP Urban to form
joint venture for IPO
Bank Negara
Indonesia targets 90% LFR
Palembang LRT to
enter trial phase in February 2018
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Our
Recent Publication:
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Company Update: United Tractors – Increasing Growth
Of Mining Contracting Volume
Link to report: United
Tractors : Increasing Growth Of Mining Contracting Volume
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Results Review: Bekasi Fajar – Expect To Maintain Its
Performance In 2H17
Link to report: Bekasi
Fajar : Expect To Maintain Its Performance In 2H17
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Economics Update: BI Cuts Key Policy Rate, Maintains
Neutral Stance
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Company Update: Sarana Menara Nusantara – M&A
Galore
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Economics Update: Exports And Imports
Rebounded in July After Festivities
Link to report: Exports
And Imports Rebounded in July After Festivities
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Economics Update: CAD Continues To Widen In
2Q17, BOP Surplus Declines
Link to report: CAD
Continues To Widen In 2Q17, BOP Surplus Declines
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Company Update: Summarecon Agung – Targets Cut Amid
The Low Achievement
Link to report: Summarecon
Agung : Targets Cut Amid The Low Achievement
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Sector Update: Plantation – Stock/Usage Ratios Back
To Historical Average
Link to report: Stock/Usage
Ratios Back To Historical Average
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Results Review: Indosat – Underinvestment
Poses a Medium Term Risk
Link to report: Indosat
: Underinvestment Poses a Medium Term Risk
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Sector Update: Financial Technology –
Embracing The Disruptor
Link to report: Financial Technology – Embracing
The Disruptor
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Best regards,
Helmy Kristanto
Director
Head of Indonesia Research
PT RHB Sekuritas Indonesia
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