Q1/18 Results of Cable Manufacturers

Cable manufacturers showed mixed stocks performance on the Indonesia Stock Exchange (IDX) this year. Sucaco (SCCO), the largest player, for example, gained 11.6 year-to-date to Rp10.050, while the second largest KMI Wire (KBLI) declined 4.2% to Rp408—it fell 23.7% from its peak at Rp535 in Jan 9. Jembo Cable (JECC) has gained 19.7% to Rp5.625 year to date, while Kabelindo Murni (KBLM) advanced 17% to Rp330%. Voksel Electric (VOKS) dropped 40.4% to Rp186.

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FY17 Corporate Results

Beer producers continued to report higher profit whilst a more retricted distribution in the country. Cable manufacturers, meanwhile, reported mixed results despite optimism in the government’s 35,000 MW program.

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