In Riset

BNIS Daily Report of June 30, 2020

 

 

RESEARCH REPORT

Plantation Sector: Reaffirmation on B30 mandate

 

What’s New?

Recently, the Indonesian government sent clear signals to the market by introducing several initiatives that it intends to keep its B30 mandate

 

Key Highlights:

  • On  the  demand  side,  biodiesel  would  be  a  differentiation determinant for strengthening global CPO prices onwards as we expected modest growth on food-related deman
  • In 1Q20, biodiesel accounted for around 20% of global CPO consumption.  Meanwhile,  Indonesia  consumed  about  2mn kiloliters of biodiesel in 1Q20 or equals to 21% of its full year 2020F target

 

Analyst: Firman Hidayat (firman.hidayat@bnisekuritas.co.id)

 

 

COMPANY/INDUSTRY UPDATE:

  • PT Pakuwon Jati Tbk (PWON): Performance in 1Q20. UNDER REVIEW. Analyst: Maxi Liesyaputra.

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