FROM EQUITY RESEARCH DESK |
|
|||||
IDEA OF THE DAY |
|
|||||
Bank Neo Commerce: 1Q24 earnings beat: a profitable 1Q from lower provisions, ST challenges on NIM and disbursement (BBYB.IJ Rp 232; BUY; TP Rp 600)
To see the full version of this report, please click here To see the full version of this snapshot, please click here
RESEARCH COMMENTARY Key takeaways – ERAA meeting (21 May 2024)
Increased mall traffic due to multiple long weekends in May 2024 is expected to further boost sales.
(Natalia Sutanto, Sabela Nur Amalina – BRIDS)
|
|
|
|
|
||
MARKET NEWS |
|
|||||
MACROECONOMY
BI will Announce the BI Rate Today at 2.00 pm
Bank Indonesia (BI) will announce the BI Rate today at 2.00 pm. We expect BI to leave the rate unchanged following a strengthening IDR due to easing external risks. Domestic inflation also eased in April as key commodity prices cool with increasing supply. From a monetary perspective, we still see BI maintaining a contractionary stance, making a rate change unnecessary at this point. (Economic Research - BRIDS)
CORPORATE
CPIN Distributes Dividends of Rp2.13tr
At the AGMS, CPIN decided to distribute a dividend of Rp130/share (yield: 2.5%), of which Rp100/share was distributed on November 29, 2023, as an interim dividend. Thus, CPIN will distribute total dividends of Rp2.13tr for FY23 or a dividend payout ratio of 92%. (Bisnis)
ISAT Distributes Dividends of Rp2.16tr
ISAT has approved the distribution of cash dividends totaling Rp2.16tr or Rp268.4/share, representing 48% of the company's net profit for the year and to be paid within 30 days of the meeting's summary. The remaining net profit of Rp2.34tr will be allocated to retained earnings. (Emiten News)
RALS Distributes Dividends of Rp296bn
RALS has approved the distribution of cash dividends of Rp50/share (yield: 10.6%), totaling Rp296bn or a 98% payout. (Emiten News)