BNIS Daily Report of July 19, 2021
Cement Industry: Bright Outlook in 2H21
Domestic cement sales volume improved by 7.3% YoY to 29.0m tons in 1H21. We expect the growth to continue in 2H21 with FY21 cement sales volume to grow by 4-5% YoY. Stay OVERWEIGHT in cement sector with SMGR as top pick.
- Higher sales volume growth in 1H21 compared to 5M21 (5.9% YoY) stimulated by strong robust in June 2021.
- Expect cement sales volume to resume its growth in 2H21 as construction activities are not restricted during PPKM period.
- INTP reported market share of 25.6% in 1H21 (1H20: 26.2%).
Analyst: Maxi Liesyaputra (firstname.lastname@example.org)