Research

New Wave Of Indonesian Alcohol

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Algo Research Team

Industry | Jan 10, 2023 | Views: 38

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Key Summary:

  • New local players in the market
  • Are the IPOs worth the shot? Valuation at 30-55x PER multiple
  • Good growth potential, but with high regulatory risk

One of our favorites quotes that is relevant today is "I drink alcohol, because alcohol taste better than tears". This is absolutely true when looking at financial market nowadays. Cheers for the new week!


Recently there are 2 Indonesian liquor companies going public: BEER (PT Jobobu Jarum Minahasa), which was established in 2018 but its famous traditional Manadonese liquor called Cap Tikus (a must have drink, the pride of Sulawesi) has been in production since 1978. WINE (PT Hatten Bali), a company established in early 2000 that specializes in unique Balinese wine, known for its Rose Wine.

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