PremierInsight: HMSP has agreed to issue dividend of Rp12.5tn
Friday, April 28, 2017       10:05 WIB

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We attended HM Sampoerna ( IJ; Rp3,860; Hold) Pubex with key takeaways as follows:
  • Volume sales still hurts by soft economy and above-inflation cigarette tax driven price hike
  • As trend towards SKM continues, expands into SKM High Tar category
  • SKT remains sluggish but seems stabilizing
  • has agreed to issue dividend of Rp12.5tn (~98.2% of FY16 earnings), which translates to Rp108/share (2.8% dividend yield at share price of Rp3,850).

 Comment: As we view Indonesia's tobacco market to remain challenging, we maintain HOLD on . (Company) 
Sumber : IPS RESEARCH

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