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Strength
Manageable raw material prices partly due to Unilever’s global procurement program helped the company maintain a relatively stable 2Q24 gross margin at 49.5% (1Q24: 49.9%; 2Q23: 50.3%)
Weakness
Revenue slipped to IDR 8.9tn in 2Q24 (-11.1% QoQ; -7.5% YoY), with both HPC and FnR segments reporting soft numbers (-9.4% and -14.1% QoQ), mainly due to downtrading and anti-Israel boycott
Opportunity
Product portfolio expansion may help offset the impact of consumer downtrading while severe market underperformance may provide stock-trading opportunities, particularly on further share price weakness
Threat
Intense competition with the likes of Wings and worse-than-expected consumer spending due to weak purchasing power and the possibility of prolonged boycott
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
