Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
MH itu Muliantikah Handayani :) Sent from my BlackBerry® powered by Sinyal Kuat INDOSAT -Original Message- From: "Yudizz" Date: Fri, 1 May 2009 12:17:34 To: Subject: RE: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation HM itu maksudnya Halim Mintareja toh? Hahaha. :-) Regards, Yudizz _ From: obrolan-bandar@yahoogroups.com [mailto:obrolan-ban...@yahoogroups.com] On Behalf Of Alexandra Arimbi Sent: Friday, May 01, 2009 11:56 AM To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation Mira dan pak HMin kayaknya tahu banget, pengalaman ya? HM (boss rokok) : Kami tidak perpanjang masa kerja anda lagi bulan depan MH (spg rokok) : Lho kenapa pak? HM (boss rokok) : Pemegang saham minta deviden besar, jika kami pekerjakan ribuan orang seperti anda yang cuman mondar mandi dari mall ke mall dan kami keluarkan Rp 250 ribu per orang per shift dapat menambah biaya pengeluaran perusahaan. MH (spg rokok) : Lalu kapan ada lowongan lagi pak? HM (boss rokok) : Tunggu aja nanti ada boss baru yang mau membeli perusahaan ini dan jika dia mau menaikkan biaya promosi He he he
RE: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
HM itu maksudnya Halim Mintareja toh? Hahaha. :-) Regards, Yudizz _ From: obrolan-bandar@yahoogroups.com [mailto:obrolan-ban...@yahoogroups.com] On Behalf Of Alexandra Arimbi Sent: Friday, May 01, 2009 11:56 AM To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation Mira dan pak HMin kayaknya tahu banget, pengalaman ya? HM (boss rokok) : Kami tidak perpanjang masa kerja anda lagi bulan depan MH (spg rokok) : Lho kenapa pak? HM (boss rokok) : Pemegang saham minta deviden besar, jika kami pekerjakan ribuan orang seperti anda yang cuman mondar mandi dari mall ke mall dan kami keluarkan Rp 250 ribu per orang per shift dapat menambah biaya pengeluaran perusahaan. MH (spg rokok) : Lalu kapan ada lowongan lagi pak? HM (boss rokok) : Tunggu aja nanti ada boss baru yang mau membeli perusahaan ini dan jika dia mau menaikkan biaya promosi He he he
Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
Mira dan pak HMin kayaknya tahu banget, pengalaman ya? HM (boss rokok) : Kami tidak perpanjang masa kerja anda lagi bulan depan MH (spg rokok) : Lho kenapa pak? HM (boss rokok) : Pemegang saham minta deviden besar, jika kami pekerjakan ribuan orang seperti anda yang cuman mondar mandi dari mall ke mall dan kami keluarkan Rp 250 ribu per orang per shift dapat menambah biaya pengeluaran perusahaan. MH (spg rokok) : Lalu kapan ada lowongan lagi pak? HM (boss rokok) : Tunggu aja nanti ada boss baru yang mau membeli perusahaan ini dan jika dia mau menaikkan biaya promosi He he he
Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
begitu pula cara buat menurunkannya.. naikan biaya :D On Fri, May 1, 2009 at 7:22 AM, Mira Harjanto wrote: > Sebenarnya sangat mudah menaikkan laba perusahaan rokok dalam jangka > pendek, yaitu 'pangkas' biaya untuk iklan! Akhir akhir ini perusahaan > rokok tersebut kurang agresif di promosi dan iklan, tentu saja > keuntungan bersihnya melonjak. Ada skenario corporate action? > > 2009/5/1, Boys n Girls : > > Sahamnya kesukaan hmin :p > > > > On Fri, May 1, 2009 at 6:07 AM, Herman wrote: > > > >> > >> > >> Rokok kesukaan Embah > >> > >> *Gudang Garam (BUY): 1Q09 net profit above expectation* > >> > >> · Gudang Garam posted 1Q09 net profit of Rp780b, up 102% YoY. > >> > >> · Revenue was up 11% YoY to Rp7,650b. > >> > >> · Gross profit increased 58% YoY to Rp1,680b. > >> > >> · Operating profit was up 94% YoY to Rp1,192b. > >> > >> *Comment*: > >> > >> · The result came in above expectation. > >> > >> · The 11% revenue growth was supported by increase in production > >> volume. Based on data on excise ribbon purchase, Gudang Garam > production > >> volume shows a 32% increase in 1Q09. > >> > >> · The company managed to curb increase in costs and expenses. > >> Hence, big improvement in profit margins. > >> > >> · Gross margin was up to 22.0% from 15.4% in 1Q08 while > operating > >> margin increased to 15.6% from 8.9% in the same periods. > >> > >> · At Rp7,450. Gudang Garam share price has increased 25% in less > >> than a month since our latest report dated 1 April 2009 (“Unjustifiably > >> Cheap”), it has basically reached our TP of Rp7,500. > >> > >> · We are revisiting our forecast due to the strong result. BUY, > >> TP is Rp9,600 (translates into 1x 2009F PBV, 8.8x 2010F PER). > >> > >> > >> > >> > >> > >> *Rp bn* > >> > >> *1Q09* > >> > >> *1Q08* > >> > >> *% Chg* > >> > >> > >> > >> > >> > >> > >> > >> > >> > >> Sales > >> > >> 7,650 > >> > >> 6,906 > >> > >> 11 > >> > >> Costs of goods sold > >> > >> 5,970 > >> > >> 5,842 > >> > >> 2 > >> > >> Gross Profit > >> > >> 1,680 > >> > >> 1,063 > >> > >> 58 > >> > >> SG and A > >> > >> 488 > >> > >>448 > >> > >> 9 > >> > >> Op. Income > >> > >> 1,192 > >> > >>615 > >> > >> 94 > >> > >> Pre-Tax > >> > >> 1,091 > >> > >>509 > >> > >> 115 > >> > >> Net Income > >> > >> 780 > >> > >>336 > >> > >> 132 > >> > >> > >> > >> Margins (%) > >> > >> > >> > >> > >> > >> > >> > >> Gross Margins > >> > >> 22.0 > >> > >> 15.4 > >> > >> > >> > >> Operating Margin > >> > >> 15.6 > >> > >> 8.9 > >> > >> > >> > >> Pre-tax Margin > >> > >> 14.3 > >> > >> 7.4 > >> > >> > >> > >> Net Margin > >> > >> 10.2 > >> > >> 4.9 > >> > >> > >> > >> > >> > >> > >> > >> > >> > >> Katarina Setiawan > >> > >> ksetia...@kimeng.co.id > >> > >> > >> > >> > >> > >> > >> > >> > >> > > > > > > > + + > + + + + + > Mohon saat meREPLY posting, text dari posting lama dihapus > kecuali diperlukan agar CONTEXTnya jelas. > + + + + + > + +Yahoo! Groups Links > > > >
Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
Sebenarnya sangat mudah menaikkan laba perusahaan rokok dalam jangka pendek, yaitu 'pangkas' biaya untuk iklan! Akhir akhir ini perusahaan rokok tersebut kurang agresif di promosi dan iklan, tentu saja keuntungan bersihnya melonjak. Ada skenario corporate action? 2009/5/1, Boys n Girls : > Sahamnya kesukaan hmin :p > > On Fri, May 1, 2009 at 6:07 AM, Herman wrote: > >> >> >> Rokok kesukaan Embah >> >> *Gudang Garam (BUY): 1Q09 net profit above expectation* >> >> · Gudang Garam posted 1Q09 net profit of Rp780b, up 102% YoY. >> >> · Revenue was up 11% YoY to Rp7,650b. >> >> · Gross profit increased 58% YoY to Rp1,680b. >> >> · Operating profit was up 94% YoY to Rp1,192b. >> >> *Comment*: >> >> · The result came in above expectation. >> >> · The 11% revenue growth was supported by increase in production >> volume. Based on data on excise ribbon purchase, Gudang Garam production >> volume shows a 32% increase in 1Q09. >> >> · The company managed to curb increase in costs and expenses. >> Hence, big improvement in profit margins. >> >> · Gross margin was up to 22.0% from 15.4% in 1Q08 while operating >> margin increased to 15.6% from 8.9% in the same periods. >> >> · At Rp7,450. Gudang Garam share price has increased 25% in less >> than a month since our latest report dated 1 April 2009 (“Unjustifiably >> Cheap”), it has basically reached our TP of Rp7,500. >> >> · We are revisiting our forecast due to the strong result. BUY, >> TP is Rp9,600 (translates into 1x 2009F PBV, 8.8x 2010F PER). >> >> >> >> >> >> *Rp bn* >> >> *1Q09* >> >> *1Q08* >> >> *% Chg* >> >> >> >> >> >> >> >> >> >> Sales >> >> 7,650 >> >> 6,906 >> >> 11 >> >> Costs of goods sold >> >> 5,970 >> >> 5,842 >> >> 2 >> >> Gross Profit >> >> 1,680 >> >> 1,063 >> >> 58 >> >> SG and A >> >> 488 >> >>448 >> >> 9 >> >> Op. Income >> >> 1,192 >> >>615 >> >> 94 >> >> Pre-Tax >> >> 1,091 >> >>509 >> >> 115 >> >> Net Income >> >> 780 >> >>336 >> >> 132 >> >> >> >> Margins (%) >> >> >> >> >> >> >> >> Gross Margins >> >> 22.0 >> >> 15.4 >> >> >> >> Operating Margin >> >> 15.6 >> >> 8.9 >> >> >> >> Pre-tax Margin >> >> 14.3 >> >> 7.4 >> >> >> >> Net Margin >> >> 10.2 >> >> 4.9 >> >> >> >> >> >> >> >> >> >> Katarina Setiawan >> >> ksetia...@kimeng.co.id >> >> >> >> >> >> >> >> >> > + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/obrolan-bandar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/obrolan-bandar/join (Yahoo! ID required) <*> To change settings via email: mailto:obrolan-bandar-dig...@yahoogroups.com mailto:obrolan-bandar-fullfeatu...@yahoogroups.com <*> To unsubscribe from this group, send an email to: obrolan-bandar-unsubscr...@yahoogroups.com <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
Sahamnya kesukaan hmin :p On Fri, May 1, 2009 at 6:07 AM, Herman wrote: > > > Rokok kesukaan Embah > > *Gudang Garam (BUY): 1Q09 net profit above expectation* > > · Gudang Garam posted 1Q09 net profit of Rp780b, up 102% YoY. > > · Revenue was up 11% YoY to Rp7,650b. > > · Gross profit increased 58% YoY to Rp1,680b. > > · Operating profit was up 94% YoY to Rp1,192b. > > *Comment*: > > · The result came in above expectation. > > · The 11% revenue growth was supported by increase in production > volume. Based on data on excise ribbon purchase, Gudang Garam production > volume shows a 32% increase in 1Q09. > > · The company managed to curb increase in costs and expenses. > Hence, big improvement in profit margins. > > · Gross margin was up to 22.0% from 15.4% in 1Q08 while operating > margin increased to 15.6% from 8.9% in the same periods. > > · At Rp7,450. Gudang Garam share price has increased 25% in less > than a month since our latest report dated 1 April 2009 (“Unjustifiably > Cheap”), it has basically reached our TP of Rp7,500. > > · We are revisiting our forecast due to the strong result. BUY, > TP is Rp9,600 (translates into 1x 2009F PBV, 8.8x 2010F PER). > > > > > > *Rp bn* > > *1Q09* > > *1Q08* > > *% Chg* > > > > > > > > > > Sales > > 7,650 > > 6,906 > > 11 > > Costs of goods sold > > 5,970 > > 5,842 > > 2 > > Gross Profit > > 1,680 > > 1,063 > > 58 > > SG and A > > 488 > >448 > > 9 > > Op. Income > > 1,192 > >615 > > 94 > > Pre-Tax > > 1,091 > >509 > > 115 > > Net Income > > 780 > >336 > > 132 > > > > Margins (%) > > > > > > > > Gross Margins > > 22.0 > > 15.4 > > > > Operating Margin > > 15.6 > > 8.9 > > > > Pre-tax Margin > > 14.3 > > 7.4 > > > > Net Margin > > 10.2 > > 4.9 > > > > > > > > > > Katarina Setiawan > > ksetia...@kimeng.co.id > > > > > > > > >
[ob] Mbah, Rokok ngepull lag - Fwd: Gudang Garam (BUY): 1Q09 net profit above expectation
Rokok kesukaan Embah Gudang Garam (BUY): 1Q09 net profit above expectation · Gudang Garam posted 1Q09 net profit of Rp780b, up 102% YoY. · Revenue was up 11% YoY to Rp7,650b. · Gross profit increased 58% YoY to Rp1,680b. · Operating profit was up 94% YoY to Rp1,192b. Comment: · The result came in above expectation. · The 11% revenue growth was supported by increase in production volume. Based on data on excise ribbon purchase, Gudang Garam production volume shows a 32% increase in 1Q09. · The company managed to curb increase in costs and expenses. Hence, big improvement in profit margins. · Gross margin was up to 22.0% from 15.4% in 1Q08 while operating margin increased to 15.6% from 8.9% in the same periods. · At Rp7,450. Gudang Garam share price has increased 25% in less than a month since our latest report dated 1 April 2009 (“Unjustifiably Cheap”), it has basically reached our TP of Rp7,500. · We are revisiting our forecast due to the strong result. BUY, TP is Rp9,600 (translates into 1x 2009F PBV, 8.8x 2010F PER). Rp bn 1Q09 1Q08 % Chg Sales 7,650 6,906 11 Costs of goods sold 5,970 5,842 2 Gross Profit 1,680 1,063 58 SG and A 488 448 9 Op. Income 1,192 615 94 Pre-Tax 1,091 509 115 Net Income 780 336 132 Margins (%) Gross Margins 22.0 15.4 Operating Margin 15.6 8.9 Pre-tax Margin 14.3 7.4 Net Margin 10.2 4.9 Katarina Setiawan ksetia...@kimeng.co.id
