Premier Insight : UNTR, recorded Aug’18 operational performance

United Tractors (UNTR.IJ; Rp32,150; Buy) recorded Aug’18 operational performance as follow;
Heavy equipment sales reached 345 units, down 28% mom and 1.4% yoy in Aug’18. However, sales reached 3,221 unit in 8M18, up 34% yoy and represent 73% of our forecast for FY18F (above).

PAMA recorded the highest monthly OB removal volumes of 89.9mn bcm (+1.7% mom, +19% yoy) in Aug’18 which brings OB removal to 624mn bcm in 8M18, up 22% yoy. Coal mining reached 10.8mn tons (-6.1% mom, +3.8% yoy) in Aug’18, bringing 8M18 coal mining to 79mn tons (+9% yoy). PAMA ‘s coal mining volumes came inline with our forecast (67% of FY18F) while OB removal volumes came in slightly above our expectation (70% of FY18F).
Coal mining division posted coal sales volumes of 5.58mn tons, increased 20% yoy in 8M18. (Company).

Comment: We maintain our positive outlook for UNTR as 8M18 performance remained inline with our expectation. We reiterate our Buy rating with TP of Rp42,000.

Sumber : IPS RESEARCH

http://jasapembukuan.id

http://belajar-cara-membuat-website.blogspot.co.id

http://ide-peluang-bisnis.blogspot.co.id/p/jasa-kpi.html

Advertisements

Posted on September 26, 2018, in Analisa Saham and tagged . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: