Analisa Saham SRIL
BAHANA (DX) 6 Mar 2018SRIL BUY TP 500
Small acquisition of local Sarong brand to strengthen its downstream In order to increase SRIL’s downstream (garment) exposure, the management is in the process of purchasing a local Sarong company. Sarong is a large tube traditional fabric, worn mostly by Muslims. Although the financial impact to SRIL’s overall earnings is minimal, this company has a strong exposure to export markets in the Middle East. The transaction is expected to be completed in 2H18. Higher downstream sales should provide improved synergies between SRIL’s internal segments and we see better margins ahead.
Note:
SRIL dalam proses akusisi Prsh pembuat SARUNG. Prsh tsb walau kecil kontribusinya ke earning SRIL tetapi prsh sarung itu exportnya cukup kuat di timur tengah. Transaksi ini rampung di 2h2018.
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