In Riset

BNIS Daily Report of June 26, 2020

 

 

RESEARCH REPORT

RALS: Don’t Expect a Quick Recovery for RALS

 

What’s New?

Markets have rebounded recently, but more uncertainty remains, meaning near-term prices could remain ugly or deteriorate further. We downgrade our rating to Sell.

 

Key Highlights:

  • Lower Spending and Higher Unemployment rate make a Risky Combo
  • 1Q EBIT loss-making, 2Q could be worse
  • Profit cut leads to Price Objective Reduction

 

Analyst: William Siregar

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