Daya Intiguna Yasa Likely Has High Growth Opportunity in Indonesia — Market Talk

About this update from Pt Daya Intiguna Yasa Tbk

Daya Intiguna Yasa, also known as MR. D.I.Y. Indonesia, likely has high growth opportunity in Indonesia, Maybank Sekurtias Indonesia analysts say in a research report. It has the ability to operate small-format yet widely scattered modern convenience-stores across Indonesia, the analyst notes. This concept involves selling fast-moving daily appliances and trendy goods in untapped outskirt areas of major cities and tier-2 and -3 cities with attractive socio-economic and geographic profiles, the analyst says. The Indonesian company's robust EBIT margins of 20%-22% positions it as a lucrative retailer with a competitive business cost curve. The brokerage initiates coverage of the stock with a buy rating and a target price of 1,200 rupiah. Shares are 0.5% higher at 990 rupiah. ([email protected])

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