reports
- Carolyn Ching
- Chaiwat Arsirawichai
- Jo Yee Ng
- Posmarito Pakpahan
- Tham Mun Hon
- Zhifeng Shen
Regional Morning Notes - Monday, July 11, 2022
GREATER CHINA Economics Inflation: Soft inflation data shows slack demand. Sector Consumer: Weekly: Improving external environment. INDONESIA Small/Mid Cap Highlights Adi Sarana Armada (ASSA IJ/NOT RATED/Rp1,630): Benefitting from Indonesia’s e-commerce growth. THAILAND Update True Corporation (TRUE TB/BUY/Bt4.70/Target: Bt5.20): Expect lower net loss in 2Q22 on the DIF’s divestment gain.
- Posmarito Pakpahan
Adi Sarana Armada (ASSA IJ) - Benefitting From Indonesia’s E-commerce ...
ASSA is one of the growth stocks which is still under-owned by foreign funds. The upcoming interest rate and fuel price hikes may put pressure on the stock’s performances which was down 50.9% ytd. Nevertheless, management expects a 30% growth in revenue this year, mainly driven by Anteraja. Riding on strong e-commerce demand and the launch of cold chain delivery service in Jakarta, the company expects that daily deliveries could reach 1.5m parcel/day by end-22 from 1m parcel/day in 2021.
- Maskun Ramli
- Posmarito Pakpahan
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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