Erajaya Swasembada

PT Erajaya Swasembada Tbk is an Indonesia-based company primarily engaged in mobile phones and tablets distribution and retail business. Some mobile phone brands that it distributes and retails are Apple, BlackBerry, HTC, Huawei, LG, Motorola, Nokia, Samsung and Sony. It also distributes and retails prepaid top-up cards, subscriber identity module (SIM) cards, computers and other gadgets as well as mobile phone accessories. It operates its retail stores under various brands, such as Erafone Megastore; Erafone Gadget Store; iBox, which retails Apple products exclusively, and AndroidNation, which retails Android products exclusively. Its subsidiaries include PT Teletama Artha Mandiri, PT Erafone Artha Retailindo, PT Sinar Eka Selaras and PT Data Citra Mandiri.
  • TickerERAA
  • ISINID1000121601
  • ExchangeIndonesian Stock Exchange
  • SectorGeneral Retailers
  • CountryIndonesia

Analysts

UOB
Maskun Ramli ...
  • Stevanus Juanda

Indonesia Daily - Monday, September 16, 2019

Consumer: Stocks set to benefit from the rising purchasing power of millennials. TRADERS’ CORNER Wijaya Karya (WIKA IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY

UOB
Stevanus Juanda

Consumer - Stocks Set To Benefit From The Rising Purchasing Power Of Millennials

Beneficiaries of rising consumer purchasing power in Indonesia can be categorised as follows: a) Millennial spending: MAPI and MAPA; b) online trade spending: ERAA, TLKM and EXCL; c) fashion and personal care spending: LPPF and UNVR; d) F&B spending: MAPB, PZZA and FAST; e) travel spending: BAYU, GIAA and CASS; and f) entertainment spending: SCMA. With the 2020 budget being favourable to consumer spending, we maintain OVERWEIGHT on the sector and select MAPI, LPPF, FAST, ERAA and EXCL as our top picks.

UOB
Benyamin Mikael ...
  • Chaiwat Arsirawichai
  • Chong Lee Len
  • Desmond Chong Chee Wai
  • Jayson Kong
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Julia Cheung Pui Man
  • Katrina Chen Chucan
  • Kowit Pongwinyoo
  • Lee Yuk Kei
  • Napat Vorajanyavong
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
  • Tanaporn Visaruthaphong
  • Tham Mun Hon
  • Thananchai Jittanoon
  • Zhifeng Shen

Regional Morning Notes - Tuesday, August 13, 2019

CHINA Economics Money Supply: July data points to downside risk for 2H19 GDP growth forecast. Results China Resources Cement Holdings (1313 HK/BUY/HK$6.88/Target: HK$8.90): 1H19: Results in line; high dividend payout to sustain. Fu Shou Yuan (1448 HK/BUY/HK$6.47/Target: HK$8.18): 1H19: Results in line; steady growth to sustain despite macro turmoil. Q Technology (1478 HK/SELL/ HK$7.35/Target: HK$7.50): 1H19: Better-than-expected results; margin recovery on track. Update Huaneng Renewables (958 HK/BUY/HK$2.02/Target: HK$3.13): Low wind curtailment rate drives earnings growth. INDONESIA Update E...

UOB
Benyamin Mikael ...
  • Maskun Ramli

Indonesia Daily - Tuesday, August 13, 2019

Erajaya Swasembada (ERAA IJ/HOLD/Rp2,080/Target: Rp1,925): Strong positive catalyst and better prospects in 2020; upgrade to HOLD. TRADERS’ CORNER Visi Media Asia (VIVA IJ): Technical BUY Blue Bird (BIRD IJ): Technical BUY

UOB
Benyamin Mikael

Erajaya Swasembada (ERAA IJ) - Strong Positive Catalyst And Better Prospects In 2020; Upgrade To HOLD

We see strong positive catalysts for ERAA, such as: a) positive operating cash flow of Rp1.78t in 1H19 after implementing the deal with Xiaomi; b) expected margin recovery in 3Q19; and c) 149 new stores as at Jun 19 with a target to open 300 stores this year. We project 2020 EPS at Rp198. Upgrade to HOLD and raise target price to Rp1,925. Entry price: Rp1,800.

UOB
Maskun Ramli ...
  • Stevanus Juanda

Indonesia Daily - Monday, September 16, 2019

Consumer: Stocks set to benefit from the rising purchasing power of millennials. TRADERS’ CORNER Wijaya Karya (WIKA IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY

UOB
Stevanus Juanda

Consumer - Stocks Set To Benefit From The Rising Purchasing Power Of Millennials

Beneficiaries of rising consumer purchasing power in Indonesia can be categorised as follows: a) Millennial spending: MAPI and MAPA; b) online trade spending: ERAA, TLKM and EXCL; c) fashion and personal care spending: LPPF and UNVR; d) F&B spending: MAPB, PZZA and FAST; e) travel spending: BAYU, GIAA and CASS; and f) entertainment spending: SCMA. With the 2020 budget being favourable to consumer spending, we maintain OVERWEIGHT on the sector and select MAPI, LPPF, FAST, ERAA and EXCL as our top picks.

UOB
Benyamin Mikael ...
  • Chaiwat Arsirawichai
  • Chong Lee Len
  • Desmond Chong Chee Wai
  • Jayson Kong
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Julia Cheung Pui Man
  • Katrina Chen Chucan
  • Kowit Pongwinyoo
  • Lee Yuk Kei
  • Napat Vorajanyavong
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
  • Tanaporn Visaruthaphong
  • Tham Mun Hon
  • Thananchai Jittanoon
  • Zhifeng Shen

Regional Morning Notes - Tuesday, August 13, 2019

CHINA Economics Money Supply: July data points to downside risk for 2H19 GDP growth forecast. Results China Resources Cement Holdings (1313 HK/BUY/HK$6.88/Target: HK$8.90): 1H19: Results in line; high dividend payout to sustain. Fu Shou Yuan (1448 HK/BUY/HK$6.47/Target: HK$8.18): 1H19: Results in line; steady growth to sustain despite macro turmoil. Q Technology (1478 HK/SELL/ HK$7.35/Target: HK$7.50): 1H19: Better-than-expected results; margin recovery on track. Update Huaneng Renewables (958 HK/BUY/HK$2.02/Target: HK$3.13): Low wind curtailment rate drives earnings growth. INDONESIA Update E...

UOB
Benyamin Mikael ...
  • Maskun Ramli

Indonesia Daily - Tuesday, August 13, 2019

Erajaya Swasembada (ERAA IJ/HOLD/Rp2,080/Target: Rp1,925): Strong positive catalyst and better prospects in 2020; upgrade to HOLD. TRADERS’ CORNER Visi Media Asia (VIVA IJ): Technical BUY Blue Bird (BIRD IJ): Technical BUY

UOB
Benyamin Mikael

Erajaya Swasembada (ERAA IJ) - Strong Positive Catalyst And Better Prospects In 2020; Upgrade To HOLD

We see strong positive catalysts for ERAA, such as: a) positive operating cash flow of Rp1.78t in 1H19 after implementing the deal with Xiaomi; b) expected margin recovery in 3Q19; and c) 149 new stores as at Jun 19 with a target to open 300 stores this year. We project 2020 EPS at Rp198. Upgrade to HOLD and raise target price to Rp1,925. Entry price: Rp1,800.

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