Based on the company's indicative marketing sales that are below our coverage (excluding ASRI as they have not provided any guidance), marketing sales in 2M18 reached Rp3.4 trillion, up more than 20% yoy. This figure is 15.9% of the management target and 16.1% of our estimates. On a monthly basis, we note that marketing sales in February 2018 reached Rp1.9 trillion, with BSDE and CTRA posting the largest increases of Rp1.0tn and Rp580bn, with marketing sales both supported by new product launches.
You are viewing a single comment's thread from: