In this report
Top PDF In this report:
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
28 mei 2013 lpck rhb osk
All research is based on material compiled from data considered to be reliable at the time of writing, but RHB does not make any representation or warranty, express or implied, as to its accuracy, completeness or correctness. No part of this report is to be construed as an offer or solicitation of an offer to transact any securities or financial instruments whether referred to herein or otherwise. This report is general in nature and has been prepared for information purposes only. It is intended for circulation to the clients of RHB and its related companies. Any recommendation contained in this report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific addressee. This report is for the
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT. Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT. Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT. Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
PT Panin Asset Management
The information and/or opinions contained in this report has been assembled by Panin Asset Management from sources which we deem to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. This report may not be reproduced, distributed or published by any recipient for any purpose. Any recommendations contained herein are based on a consideration of the securities alone, and as such are conditional and must not be relied upon as a solitary basis for investment decisions. Under no circumstances is this report to be used or considered as an offer to sell, or a solicitation of an offer buy.
Baca lebih lanjut
This report is written to fulfill the requirement of the final report subject in English Department State Polytechnic Sriwijaya By: Yuhana Safitri 0613 3090 1402
First of all, the writer would like to thank to Allah SWT for blessing that has been given to the writer so that the writer could finish this final report. The writer also would like to express the warmest gratitude to the prophet Muhammad SAW for warning and remembering every kindness or fault occured. This final report is entitled “ The Designing of the Booklet of the Islamic Religious Tourism Destinations in Palembang ”. This report is written to fulfill the requirement of Diploma III curriculum of State Polytechnic of Sriwijaya.
Baca lebih lanjut
Refer to Important disclosures in the last page of this report
Overall trade improvement. Overall trade position gained 124% and managed to counter previous deficit trends in 3Q, which is constructive in our view, despite falling short of amount to reverse the deficit in the 3Q balance. The occurrence took place after exports declined by 6.6% mom (+1.7% yoy) and imports -13.2% mom (+13.5% yoy), with NOG trade improvement explaining at least 54% of total trade position. Against the current backdrop, where EM countries are assessed on how they manage domestic policies, this is positive, as it should signal the government’s ability to curb demand for imported goods. We observe at least three-fourth import reduction could be explained by decline in demand of raw materials (-13.5% mom).
Baca lebih lanjut
Refer to Important disclosures in the last page of this report
Robust growth in 3Q18. UNTR recorded strong earnings of Rp3.6tn in 3Q18, up 22% qoq and 62% yoy, allowing 9M18 net profit to reach Rp9.1tn, jumped 61% yoy on the back of higher revenues, margin expansion (mainly from PAMA), manageable opex and forex gain of Rp630bn. Revenues reached Rp61.1tn in 9M18, up 32% yoy, came in above consensus (77%) and our (81%) forecast for FY18F. Good weather had helped PAMA to record the highest OB removal volumes of 272mn bcm (Fig. 2).
Refer to Important disclosures in the last page of this report
Asset quality. BMRI’s credit cost improved to 183bps in 3Q18 (1H18: 209bps) while its new NPL formation also dropped to Rp3.06tn (1.8% of loans), from an average of Rp4.1tn or 2.6% of loans in 1H18 (FY17: 2.6%), of which half of these new NPLs came from its middle corporate loans (4.3% of loans), albeit still better vs. 6.1% in 1H18. Management is guiding for new NPLs of Rp3.6tn in 4Q18 (9M: Rp13.5tn) and maintain credit cost guidance of 2.0-2.2% for FY18F (9M: 1.97%). BMRI’s NPL ratio improved to 3.0% in 3Q, from 3.74% a year earlier, with stable provision/NPL coverage of 136%.
Baca lebih lanjut