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
Benyamin Mikael

Erajaya Swasembada (ERAA IJ) - 2Q19 Results Preview: Lower yoy Decline And Higher qoq Profit

We expect ERAA to record higher qoq profit in 2Q19, driven by: a) higher festive demand as volumes tend to pick in the Lebaran season; b) clearance sales which have reduced excess inventory; c) short-term loan payments that translate to Rp22b reduction in interest expense; and d) sales of Xiaomi Redmi Note 7. At current prices, the market is pricing in earnings of Rp700b for 2020 - the second highest in the past 10 years. Downgrade to SELL but raise target price to Rp1,680.

UOB
Benyamin Mikael ...
  • Maskun Ramli

Indonesia Daily - Friday, July 12, 2019

Wijaya Karya Bangunan Gedung (WEGE IJ): Technical BUY Aneka Tambang (ANTM IJ): Technical BUY

UOB
Benyamin Mikael ...
  • Jonathan Koh
  • Kong Ho Meng
  • Malaysia Research Team
  • Napat Vorajanyavong
  • Nick Liu Sunliang
  • Robin Yuen
  • Shaun Tan
  • Vincent Khoo Boo Aik

Regional Morning Notes - Friday, July 12, 2019

CHINA Sector Property: Embracing megacity clusters. Update Anta Sports (2020 HK/BUY/HK$51.30 /Target: HK$60.00): 2Q19 operational data in line while management rebuts short-seller allegations. INDONESIA Update Erajaya Swasembada (ERAA IJ/SELL/Rp2,090/Target: Rp1,680): 2Q19 results preview: To record higher qoq profit. Downgrade to SELL on high downside risk. MALAYSIA Update My EG Services (MYEG MK/BUY/RM1.57/Target: RM1.66): Long-term prospects remain intact while pending various watershed events to materialise in near term. Serba Dinamik Holdings (SDH MK/BUY/RM4.16/Target: RM5.20): Upgrade...

UOB
Jovin Anwar ...
  • Maskun Ramli

Indonesia Daily - Friday, May 3, 2019

Erajaya Swasembada (ERAA IJ/HOLD/Rp1,130/Target: Rp1,200): 1Q19: Disappointing results, net profit down 76.9% yoy. TRADERS’ CORNER Adaro Energy (ADRO IJ): Technical BUY Alam Sutera Realty (ASRI IJ): Technical BUY

UOB
Charles Wong Kok Min ...
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Jovin Anwar
  • K Ajith
  • Peerawat Dentananan
  • Philip Wong
  • Singapore Research Team

Regional Morning Notes - Friday, May 03, 2019

CHINA Results Shenzhen Airport Co (000089 CH/HOLD/Rmb8.95/Target: Rmb8.20): 1Q19: Results in line but valuation fairly reflects its potential; downgrade to HOLD. INDONESIA Results Erajaya Swasembada (ERAA IJ/HOLD/Rp1,130/Target: Rp1,200): 1Q19: Disappointing results, net profit down 76.9% yoy. MALAYSIA Initiate Coverage MyNews Holdings (MNHB MK/BUY/RM1.42/Target: RM1.64): Regional CVS leader nurtured locally. We like its strong earnings growth and proven track record as well as a structurally favourable industry. SINGAPORE Strategy Alpha Picks: Adding DBS: All our picks registered gains in Apr...

UOB
Benyamin Mikael

Erajaya Swasembada (ERAA IJ) - 2Q19 Results Preview: Lower yoy Decline And Higher qoq Profit

We expect ERAA to record higher qoq profit in 2Q19, driven by: a) higher festive demand as volumes tend to pick in the Lebaran season; b) clearance sales which have reduced excess inventory; c) short-term loan payments that translate to Rp22b reduction in interest expense; and d) sales of Xiaomi Redmi Note 7. At current prices, the market is pricing in earnings of Rp700b for 2020 - the second highest in the past 10 years. Downgrade to SELL but raise target price to Rp1,680.

UOB
Benyamin Mikael ...
  • Maskun Ramli

Indonesia Daily - Friday, July 12, 2019

Wijaya Karya Bangunan Gedung (WEGE IJ): Technical BUY Aneka Tambang (ANTM IJ): Technical BUY

UOB
Benyamin Mikael ...
  • Jonathan Koh
  • Kong Ho Meng
  • Malaysia Research Team
  • Napat Vorajanyavong
  • Nick Liu Sunliang
  • Robin Yuen
  • Shaun Tan
  • Vincent Khoo Boo Aik

Regional Morning Notes - Friday, July 12, 2019

CHINA Sector Property: Embracing megacity clusters. Update Anta Sports (2020 HK/BUY/HK$51.30 /Target: HK$60.00): 2Q19 operational data in line while management rebuts short-seller allegations. INDONESIA Update Erajaya Swasembada (ERAA IJ/SELL/Rp2,090/Target: Rp1,680): 2Q19 results preview: To record higher qoq profit. Downgrade to SELL on high downside risk. MALAYSIA Update My EG Services (MYEG MK/BUY/RM1.57/Target: RM1.66): Long-term prospects remain intact while pending various watershed events to materialise in near term. Serba Dinamik Holdings (SDH MK/BUY/RM4.16/Target: RM5.20): Upgrade...

UOB
Jovin Anwar ...
  • Maskun Ramli

Indonesia Daily - Friday, May 3, 2019

Erajaya Swasembada (ERAA IJ/HOLD/Rp1,130/Target: Rp1,200): 1Q19: Disappointing results, net profit down 76.9% yoy. TRADERS’ CORNER Adaro Energy (ADRO IJ): Technical BUY Alam Sutera Realty (ASRI IJ): Technical BUY

UOB
Charles Wong Kok Min ...
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Jovin Anwar
  • K Ajith
  • Peerawat Dentananan
  • Philip Wong
  • Singapore Research Team

Regional Morning Notes - Friday, May 03, 2019

CHINA Results Shenzhen Airport Co (000089 CH/HOLD/Rmb8.95/Target: Rmb8.20): 1Q19: Results in line but valuation fairly reflects its potential; downgrade to HOLD. INDONESIA Results Erajaya Swasembada (ERAA IJ/HOLD/Rp1,130/Target: Rp1,200): 1Q19: Disappointing results, net profit down 76.9% yoy. MALAYSIA Initiate Coverage MyNews Holdings (MNHB MK/BUY/RM1.42/Target: RM1.64): Regional CVS leader nurtured locally. We like its strong earnings growth and proven track record as well as a structurally favourable industry. SINGAPORE Strategy Alpha Picks: Adding DBS: All our picks registered gains in Apr...

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