In 3Q22, CPIN posted a revenue of IDR14.8 trillion (+3.2% QoQ; +22.1% YoY). The Broiler segment led the growth by 28.1% YoY amid pressure on high input costs (corn and soybean meal) to IDR7.9 trillion, followed by the Processed Chicken segment revenue that grew by 25.6% YoY, the Feed segment grew by 14.3% YoY, and other segments grew by 13.2% YoY.
SUN market at the beginning of the week was mixed. In addition to Indonesia’s GDP and Cadev data, investors are waiting for the release of US inflation data. US Headline Inflation Oct. YoY is projected at 8% (Vs. Sept. 8.2%), likely to determine the market direction in the remainder of 2022.
Wall Street ended higher earlier in the week amid investors’ focus on October inflation data, which will be released on Thursday local time. US inflation Headline Oct. YoY is projected at 7.9% (Vs. Sept. 8.2%), likely to determine the market’s direction for the rest of 2022.
Rupiah depreciation amid Cadev’s downward trend. Beside the fourth FFR +75Bps increase in November, JCI pressure was affected by negative sentiment on coal price normalization and cigarette excise hike.
Rupiah depreciation amidst the downward trend in Cadev. In addition to the fourth +75bps FFR increase in November, the market pressure for the week was also influenced by the depreciation of the rupiah.
PT Isra Presisi Indonesia Tbk (Perseroan) adalah suatu perseroan terbatas yang saat ini memiliki kegiatan usaha utama yang bergerak dalam bidang Pembuatan Dies, Mold, Precision Part, Jig, Checking Fixture dan Stamping Part untuk Komponen Industri Otomotif dan Non Otomotif.
US Unemployment Rate Oct. MoM rose to 3.7% (Vs. Sept. 3.5%), giving the Dec. FFR a Dovish room by just +50Bps (Vs. Nov. +75Bps). Wall Street rallied 1%, with the Dow up by 400 points.
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The increase in commodity prices still weighs on UNVR’s performance regarding the rise of input costs. UNVR recorded 9M22 sales of IDR31.5 trillion or grew 5.0% YoY.
