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Avia Avian Still Nomura's Preferred Pick in Indonesia's Building-Material Space — Market Talk
Avia Avian Still Nomura's Preferred Pick in Indonesia's Building-Material Space — Market Talk
About this update from Pt Avia Avian Tbk
Avia Avian remains Nomura's preferred name in Indonesia's building-material space, Raghavendra Divekar says in a research report as the brokerage maintains the stock's buy rating. Reasons include the paint manufacturer's distribution network, which extends to third- and fourth-tier cities, and its favorable exposure to the underpenetrated domestic paint industry. The Indonesian company has also secured raw-material supplies through 1H, the analyst says. However, increases in Avia Avian's average selling prices might only partially offset rising raw-material costs, compressing gross margins in the near term. Nomura trims its 2026-2028 revenue forecasts for the company by an average of 3%. It lowers the stock's target price to 500.00 rupiah from 560.00 rupiah. Shares are 2.75% higher at 374.00 rupiah. ([email protected])