SGRO Sampoerna Agro Tbk

13 Jun 2019 20:38 (4 tahun 3 bulan lalu) - KONTAN.CO.ID - JAKARTA. Penurunan harga minyak sawit mentah atau crude palm oil (CPO) menggerus laba bersih emiten-emiten CPO. Per kuartal I-2019 misalnya, PT Salim Ivomas Pratama Tbk (SIMP, anggota indeks Kompas100 ini) mencatatkan kerugian hingga Rp 31,26 miliar. Pada periode sama tahun sebelumnya, SIMP masih membukukan laba bersih Rp 111,19 miliar. Selain itu, per kuartal I-2019, laba bersih PT Sampoerna Agro Tbk (SGRO) turun 76,63% secara tahunan menjadi Rp 3,58 miliar. Sebelumnya, laba bersih SGRO sebesar Rp 15,32 miliar. Beberapa analis memprediksi, CPO pada tahun ini sulit bangkit dari pelemahan harga. Alasannya, sentimen negatif mas ...

16 Apr 2019 07:49 (4 tahun 5 bulan lalu) - SGRO: Following the pattern Sejalan dengan penurunan harga CPO global, harga jual rata-rata CPO SGRO juga mencatatkan penurunan sebesar 11,7% YoY di 2018. DItengah penurunan harga jual, volume penjualan hanya mencatatkan pertumbuhan sebesar 7% YoY dan membawa pendapatan di 2018 tercatat turun sebesar 11,3% YoY. Berdasarkan kinerja di 2018, kami merevisi turun outlook kinerja SGRO dimana pendapatan dan laba bersih direvisi turun sebesar 7,4% dan 82,5% di 2019. Kami memperkirakan kinerja SGRO akan bertumbuh terbatas disebabkan oleh 1) harga jual CPO yang masih cenderung turun sampai 1Q19, dan 2) beban keuangan yang tinggi seiring kenaikan net ...

31 Oct 2018 10:16 (4 tahun 11 bulan lalu) - Sampoerna Agro(SGRO IJ) Optimism Remains   We fine tune our FY18/19 net profit estimates by -26%/-2% to Rp255bn/Rp397bn based on changes in our CPO price and exchange rate assumptions. We also maintain our FY18 FFB growth assumption of 15%, within the company’s guidance of 15-20%, implying a QoQ decline in production, but still expect decent sales volume coming from inventory drawdown in 4Q18. Maintain BUY.   9M18 results summary. SGRO posted 3Q18 net profits of Rp80bn (+175% YoY, +10% QoQ), resulting in 9M18 net profits of Rp169bn (-17% YoY) – below expectation. The weaker-than-expected result mainly owed to lower CPO ASP. The 9M18 CPO A ...

30 Oct 2018 07:45 (4 tahun 11 bulan lalu) - SGRO: Improvement in 3Q, but still below estimate SGRO mencatatkan pendapatan di 3Q18 sebesar Rp952 miliar (+2,7% YoY; +43,0% QoQ) dan laba bersih sebesar Rp80 miliar (+44,9% YoY; +9,9% QoQ). Pertumbuhan secara QoQ ini didukung oleh peningkatan volume penjualan CPO di 3Q18 sebesar 61,3% QoQ yang cukup meng-offset penurunan harga jual rata-rata CPO yang turun sebesar 12% QoQ. Meskipun demikian, pendapatan di 9M18 tercatat masih mengalami penurunan menjadi Rp2,3 triliun (-10,0% YoY), dibawah estimasi (PANS:58,5%; Cons: 65,2%; rata-rata 5 tahun: 65,1%), sehingga laba bersih di 9M18 tercatat sebesar Rp169 miliar (-17,0% YoY), dibawah estimasi (P ...

26 Oct 2018 10:47 (4 tahun 11 bulan lalu) - Sampoerna Agro(SGRO IJ) Volume Catch-Up in 3Q18   SGRO posted 3Q18 net profitsof Rp80bn (+175% YoY, +10% QoQ). This translated into 9M18 net profitsof Rp169bn (-17% YoY), reaching49% of our full year forecast and 66% of the consensus. The weaker-than-expected result mainly owedto overall lower CPO ASP. However, the improved 3Q18 net profits reflect animprovement in sales volume. We believe thatthe4Q18 earnings will continue to be supported by higher volumes as CPO ASP have yet to pick up. Maintain BUY.   Lower-than-expected 9M18 results. SGRO posted 9M18 net profits of Rp169bn (-17% YoY), reaching 49% of our full year forecast and 66% of t ...

03 Sep 2018 09:48 (5 tahun 28 hari lalu) - Sampoerna Agro(SGRO IJ) Second-Tier Choice   We upgrade our recommendation on SGRO to BUY from HOLD, raising our TP to Rp3,000 based on 14.0x sector rolling forward PE and FY19 EPS. We expect better earnings in FY19 on higher CPO prices and some volume growth. Being a second-tier CPO company, we think SGRO’s share price movement will lag and the stock will begin to benefit from the more sanguine CPO price outlook, only after the AALI and LSIP valuations have peaked.   Higher FY19 earnings outlook. On the better CPO price outlook, we expect SGRO’s earnings to grow by 17.1% to Rp406bn, mostly driven by higher CPO price assumptions and some ...

01 Aug 2018 15:28 (5 tahun 2 bulan lalu) - Sampoerna Agro(SGRO IJ) Volume to Catch-Up in 2H18   SGRO posted 2Q18 net profits of Rp73bn (+349% YoY, +377%QoQ), resulting in 1H18 net profits of Rp89bn (-49% YoY), or reaching 26% of our full year forecast and 27% of consensus estimates, mainly due to lower-than-expected sales volume. We maintain our FY18 FFB growth estimate of 15%, in-line with the company’s guidance of 15-20%. Our assumption implies 6% sales volume growth in FY18. Maintain HOLD.   Lower-than-expected 1H18 results. SGRO booked 1H18 net profits of Rp89bn (-49% YoY), or reaching 26% of our full year forecast and 27% of the consensus number. The sluggish net profits mainl ...

30 Apr 2018 14:55 (5 tahun 5 bulan lalu) - Sampoerna Agro(SGRO IJ) Worse-Than-Expected 1Q18 Results   SGRO booked below than expected 1Q18 net profit of Rp15bn (-90% YoY, -76% QoQ), accounting for only 4% of ours and 5% of consensus, due to lower than expected sales volumes. We expect earnings to catch up in the coming quarters as production is set to improve, particularly in 2H18. Maintain HOLD.   Below expectation 1Q18 result. SGRO reported 1Q18 result net profit of Rp15bn (-90% YoY, -76% QoQ), accounting for only 4% of our estimates and 5% of consensus forecasts, due to lower than expected CPO (-23% YoY, -36% QoQ) and kernel sales volume (-28% YoY, -36% QoQ) in 1Q18. 1Q18 revenu ...

28 Mar 2018 14:06 (5 tahun 6 bulan lalu) - Sampoerna Agro(SGRO IJ) Volume Growth Story We adjust up our FY18/19 net profit estimates by 28%/25% to Rp386bn/Rp389bn. Our higher net profit estimates have accounted for higher FFB growth guidance and lower-than-expected production costs. Upgrade to HOLD with a revised TP of Rp2,700 based on 13.0x target P/E. FY17 results summary. SGRO posted 4Q17 net profits of Rp65bn (-84% YoY, +33% QoQ), resulting in FY17 net profits of Rp287.7bn (-35% YoY), broadly in-line with our forecast and consensus estimates. The FY17 revenues were slightly above our estimate at Rp3.6tn (+24% YoY), boosted by higher CPO ASP and higher sales volume. The FY17 C ...

28 Mar 2018 08:46 (5 tahun 6 bulan lalu) - Analisa Saham SGRO Mirae Asset Sekuritas Indonesia on SGRO: Strong earnings to continue in 2018 by Andy Wibowo Gunawan ([email protected]) - SGRO mencatat angka operasional yang solid dengan total produksi TBS mencapai 461.788 ton (+7,9% QoQ) di 4Q17. Namun pertumbuhan produksi CPO SGRO lari lebih kencang dibandingkan pertumbuhan produksi TBS-nya karena hasil buah di masing-masing setiap TBS lebih banyak. Dengan demikian, rendeman CPO SGRO naik menjadi 21,4% di 4Q17 dari 20,4% di 3Q17. - Untuk 4Q17, pendapatan SGRO mencapai IDR1,1 triliun (+16,1% QoQ) karena naiknya harga jual rata-rata dan volume penjualan. Harga jula rata-rata ...