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P H
Dec 05,2016 14:49:47

Industri makanan dan minuman nasional +9,82% setara dengan Rp192,69 triliun pada kuartal III 2016. Kenaikan disebabkan oleh masih tingginya permintaan masyarakat kelas menengah ke atas untuk produk-produk tersebut. Demikian dikatakan oleh Direktur Jenderal Industri Agro Kementerian Perindustrian, Panggah Susanto.

$ICBP $AISA

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P H
Sep 22,2016 11:13:17

AISA to build IDR600b rice factory – PT Tiga Pilar Sejahtera Food (AISA IJ) is planning to increase its rice factory capacity. The company will build 2 rice factories in Sidrap and Bone, South Sulawesi. Finance Director Sjambirie Lioe stated that development of the factories have been delayed and will commence in 2H next year. The investment for the 2 factories amount to IDR600b.

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P H
Aug 29,2016 22:08:56
Indonesia Equities: Pricing In Near Term Positives

Key Points

- +9% gains in MSCI Indonesia since our country upgrade in July - Since our upgrade of Indonesian equities to overweight two months ago in the MIG publication after clarity on its tax amnesty programme emerged, sentiment has further improved following the appointment of well respected Finance Minister Sri Mulyani Indrawati. The Indonesian equity market has seen strong equity inflows in 3Q16 lifting the index up ~9% (local currency terms, +8.2% in USD), which has outpaced world equities’ gains (+5.2%) for the same period and supported our call.

- Year to date’s gains of +18.6% has also more than recouped 2015’s losses of -12%, which has supported the turnaround highlighted in our January 2016’s South East Asia Equity Strategy report. The equity market rally year to date has been supported by a benign environment of lower interest rates, stable IDR currency vs the USD, under-owned positions in global portfolios and improving confidence in Indonesia’s recovery story. Estimated equity inflows into Indonesia so far for 3Q has exceeded the total inflows for 1H16, driving the market to new highs. Since mid May this year, it is estimated that net equity inflows reached $1.7bln, vs $1.6bln net outflows over the whole of 2015 (source: JPM estimates).


- Near term positives post amnesty and cabinet reshuffle look priced in, valuations are now close to 10 year high – At 16x PER, Indonesian equities is now trading close to +2 standard deviations to its 10 year historical average multiple and at its highest valuation level since 2007, which we believe has priced in much of the near term positives. Although near term liquidity is likely to remain supportive given benign expectations on interest rates, we caution that valuations have caught up and believe it is prudent to start taking some money off the table. On domestic updates, while the recently released 2017 budget is credible, it is unlikely to lead to further corporate earnings upgrades given a moderate government spending target of 6% (planned fiscal deficit for 2017 is 2.4% of GDP, flat/lower than 2016E). Towards the end of September and December which marks the first and second phases of the tax amnesty programme’s staggered tax rates for declared wealth, investor sentiment may also be influenced by expectations over the tax collections.


- Muted start to the 9-month tax amnesty programme, although still early days - As of 23rd August 2016, the asset declaration in the Tax Amnesty Program has reached Rp51.7tn, consisting of 85% onshore/15% offshore assets (12% overseas assets declared, 3% overseas net assets repatriated), while asset repatriation has reached Rp1.6 tn. Momentum of onshore assets declared in first half of August has picked up, with the tax office reporting about Rp11.5tn worth of onshore assets declared (>4x July’s). About three-quarters of the assets declared were from private individuals, and the balance private entities, which we view as supportive of property sector’s recovery given interest rates are expected to remain low while the Ministry of Finance has allowed repatriated funds to be invested in real assets (such as property and gold).


- Looking ahead, earnings upgrades need to pick up momentum for the rally to have more legs - Earnings wise, the recent 2Q results season was mixed with single digit corporate top line growth from a year ago. Concerns on banks remain dragged by asset quality issues while commodity related earnings have been moderate. Following the latest 2Q earnings season (where consensus earnings were trimmed -2% lower for FY16E and FY17E), FY16E and FY17E earnings are now forecast to grow +7% and +14% respectively (higher than Asia ex Japan equities’ 2.2% FY16E and 11% for FY17E respectively) which we believe is priced in current valuations.

Time to lock in some profits – Switch out of names which have rallied and offer no upside to target prices
- Sectors we are cautious on are: Commodity related plays which have rallied and priced in recovery expectations (coal – Bukit Asam, ITMG, palm oil – Astra Agro, London Sumatra), Banks (loans growth will be moderate while we expect asset quality concerns to remain a near term overhang) and Utilities (in particular, Perusahaan Gas – where we think profitability will remain pressured by regulatory efforts to lower gas prices).

Preferred Picks/Switch Ideas

- Preferred Sectors we would accumulate new positions are: Property (Bumi Serpong – Western Jakarta play, large landbank catering to middle income buyers), Telecommunications (Telekomunikasi Indonesia – improving smartphone penetration and data usage supported by a young population), Consumer (Indofood and Media Nusantara, which benefit from an improving domestic economy in 2H16) and Infrastructure (Jasa Marga – No. 1 toll road operator, long term beneficiary of infrastructure development in Indonesia).


- Risks to the current rally include weaker than expected global economy, faster than expected Federal Reserve interest rate hikes which may result in global liquidity volatility and disappointments in the domestic recovery and infrastructure spending pace (continues to be a focus in the 2017 budget, with 9% yoy expected growth).


$PTBA $KKGI $HRUM $ITMG $AALI $LSIP $SGRO $SMAR $PGAS $BBCA $BBRI $BMRI $BBNI $BSDE $ASRI $LPCK $LPKR $CTRA $TLKM $INDF $ICBP $AISA $MNCN $JSMR

Bull
P H
May 25,2016 08:31:25
PT Tiga Pilar Sejahtera Food Tbk (AISA) : Pefindo Prediksi Harga AISA Berpotensi Naik Ke Rp2.070-Rp2.350 Per Saham

PT Pemeringkat Efek Indonesia (Pefindo) menargetkan harga saham PT Tiga Pilar Sejahtera Food Tbk. ($AISA) untuk 12 bulan ke depan pada kisaran Rp2.070-Rp2.350.

Riset PT Pefindo menyatakan saat ini kinerja perseroan dipengaruhi oleh perlambatan ekonomi Indonesia, yang dipicu oleh melemahnya daya beli masyarakat Indonesia.

Namun, karena AISA lebih bergantung pada bisnis beras, yang merupakan makanan pokok masyarakat Indonesia, perlambatan tersebut tidak berpengaruh signifikan. Pendapatan AISA tumbuh sebesar 16,9% YoY pada tahun 2015, didukung oleh pertumbuhan penjualan di bisnis beras.

$AISA

Bull
P H
May 19,2016 09:54:13
PT Tiga Pilar Sejahtera Food Tbk. Resmi melepas kepemilikan 78,18% saham di perusahaan perkebunan sawit PT Golden Plantation Tbk kepada perusahaan afiliasi PT JOM Prawarsa Indonesia. AISA sangat agresif dalam memperbesar bisnis utamanya, yaitu bisnis beras.

$AISA $GOLL

Bull
P H
May 16,2016 08:46:28
PT Tiga Pilar Sejahtera Food Tbk (AISA) meraih laba bersih Rp122,97 miliar hingga Maret 2016 turun tipis jika dibandingkan laba bersih periode sama tahun sebelumnya yang Rp123,97 miliar.

Laporan keuangan perseroan Senin menyebutkan pendapatan usaha meningkat menjadi Rp405,75 miliar dari pendapatan usaha triwulan tahun lalu yang Rp1,60 triliun.

Sementara laba kotor naik jadi Rp405,75 miliar dari laba kotor triwulan tahun lalu yang Rp308,07 miliar.

Laba sebelum pajak naik menjadi Rp202,90 miliar dari laba sebelum pajak triwulan tahun lalu yang Rp172,14 miliar. Sementara total aset per Maret 2016 mencapai Rp9,31 triliun naik dari total aset per Desember 2015 yang Rp9,06 triliun.
Bull
P H
Mar 29,2016 10:50:20
Early Indicator for SELL SIGNAL

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P H
Mar 02,2016 11:39:41
BUY AISA (BUY SIGNAL FROM 3 INDICATORS)

Bull
P H
Mar 01,2016 12:34:45
Posisi masih sama jangan masuk dulu. Ada SELL signal

Bear
P H
Feb 09,2016 10:16:02
Target terdekat di 1,200 [HOLD]

Bagi yang belum punya jangan masuk dulu

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P H
Oct 20,2015 17:59:09
AISA tinggal tunggu naik
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P H
Jul 06,2015 13:47:37
AISA ada di resistance 2,000. Jangan masukin posisi baru dulu

Bull
P H
Jun 29,2015 13:04:58
Bagi yang punya AISA boleh di jual dulu. Resistance ada di 1,900

Bull
P H
Jun 18,2015 09:08:57
AISA dekat Lebaran harusnya naik juga
Bull
P H
May 28,2015 14:31:09
Perhatikan Support AISA
Bull
P H
May 26,2015 13:58:51
AISA ada BUY signal beberapa hari lalu (Check chart)
Bull
P H
May 13,2015 14:56:45
AISA trying to break resistance.. (blue line)
Bull
P H
May 01,2015 12:08:00
BELI AISA 1600 - 1675 dengan target 2000
Bull
P H
Apr 23,2015 10:08:08
Looking for a rebound
Bull
P H
Apr 22,2015 23:21:43
AISA announced FY14 earnings of IDR332bn (+7% y-y), which made up 88% of our estimates. Revenue grew slower than expected at 27% y-y to IDR5.1tn while EBIT margin compressed 250bps, as expected, due to cost pressure and change in business mix with lower margin rice division grew stronger than food business. On 4Q14, revenue grew a strong 22% q-q due to capacity addition in rice business while EBIT margin was relatively stable vs. 3Q14.
Bull
Quotes delayed, except where indicated otherwise.
AISA
1,070.00 10.00 (0.93%)
TIGA PILAR SEJAHTE LKD SHS(IDR5
Last Update 16:54:09