BNIS Daily Report of July 29, 2020
ERAA: On the Mend Gradually
While Erajaya Swasembada Tbk’s (ERAA) 2Q20 business milieu remained clouded by the weak consumer sentiments, we acknowledge that ERAA’s 3Q20 could paint some bright spots on the back of the 13th month salary sentiment for civil servants, plus a gradual improvement achieved in the latter part of 2Q20.
- Management revealed several engaging ample in 2Q
- Enjoying an abundance of digitals products demand during Moving Control Order (MCO)
- Waiting for 2Q result; Hold recommendation still stands.
Analyst: William Siregar