Tag: Gudang Garam

Stronger Q3 of Gudang Garam

Gudang Garam (GGRM) reported a 32.4% jump in profit attributable to equity for the third quarter (Q3) of 2017 supported by 10.5% growth in revenues. This might reflect the return on growing public consumption after weakening in the first two quarters. For comparison, GGRM only reported a 8% rise both in profit and revenues for the first half (H1) this year.

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Market & Economic Update

The Central Bureau of Statisitics (BPS) will release inflation data for September today, which is believed to be under control after posting a 0.02% deflation in August 2016. Year to date, the inflation was recorded at 2.79% per August, lower than 3.21% a previous year. For the full year, inflation is predicted to reach 3%. The La Nina factor could affect the production of some commodities while the government’s policy for the import relaxation would offset.

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