Indonesia Budget 2026: Consumer, Energy Stocks Emerge as Winners
The president plans to ramp up spending on his flagship free meals program and expand the downstream mining sector. His target of 5.4% economic growth in 2026, while narrowing the deficit to 2.48% of gross domestic product, will come as a relief to investors earlier rattled by concerns of a slowing economy and fiscal discipline.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
3 minutes ago
- Forbes
Grab Partners With WeRide To Rollout Robotaxis Across Southeast Asia
Ride-hailing and delivery giant Grab Holdings is teaming up with WeRide to accelerate the deployment and commercialization of autonomous vehicles across Southeast Asia. Under the deal, Singapore-based Grab said it will make a strategic investment to support WeRide's commercial autonomous vehicle fleet in Southeast Asia and push AI-driven mobility. The transaction is set to be completed in the first half of 2026, it added, without disclosing financial details. 'We want everyone in Southeast Asia to have access to reliable transportation whenever they need it,' Grab Group CEO and co-founder Anthony Tan said in a joint statement on Friday. 'However, manpower constraints remain a challenge. We believe autonomous vehicles can complement our driver network and be deployed in cities with significant driver shortages.' The expanded partnership follows a preliminary agreement signed by both Nasdaq-listed companies in March this year to explore the technical feasibility and commercial viability of autonomous vehicles in Southeast Asia. Grab's investment will accelerate the deployment and commercialization of WeRide's level 4 autonomous vehicles (which are designed to operate in specific geographies and weather conditions without human intervention) in Southeast Asia, Guangzhou, China-based WeRide said in the statement. 'WeRide's vision for Southeast Asia is to deploy thousands of Robotaxis across the region,' Tony Han, founder and CEO of WeRide, said. 'Grab, our newest partner and investor, is a household name in Southeast Asia with unmatched regional expertise and scale in ride-hailing and digital services.' WeRide has permits to operate autonomous vehicles across China, France, Saudi Arabia, Singapore, United Arab Emirates and the U.S. It posted a net loss of 406.4 million yuan ($57 million) in the second quarter, slightly narrower than a year ago, as revenue jumped 61% to 127.2 million yuan. Grab swung to a $35-million net profit in the second quarter, compared with a $53 million net loss a year ago as sales climbed 23% to $819 million on the back of sustained demand for ride-hailing and delivery services in Southeast Asia. It added about two million monthly active users during the quarter, bringing its total to 46 million.
Yahoo
31 minutes ago
- Yahoo
Sadot Group Inc (SDOT) Q2 2025 Earnings Call Highlights: Navigating Strategic Shifts Amid ...
Revenue: $114.4 million in Q2 2025, a decrease of $58.9 million (34%) compared to Q2 2024. Gross Profit Margin: 4.4% in Q2 2025, up from 3.3% in Q2 2024, an improvement of 100 basis points. Net Income: $0.4 million in Q2 2025. EBITDA: $1.7 million in Q2 2025. Earnings Per Share (EPS): $0.07 per share, both basic and diluted. SG&A Expenses: $2.8 million in Q2 2025, an increase of $1.1 million from the previous year. Cash Balance: $0.4 million. Working Capital Surplus: $24.2 million. Accounts Receivable: $44.1 million. Strategic Investment: $13.4 million assigned to acquire a 37.5% equity stake in a carbon project in Indonesia. Warning! GuruFocus has detected 4 Warning Signs with SDOT. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Sadot Group Inc (NASDAQ:SDOT) posted its fifth consecutive quarter of positive net income and EBITDA, demonstrating consistent financial improvement. The company has successfully transitioned from a restaurant-only concept to an emerging player in the global food supply chain. Gross profit improved by 100 basis points to 4.4% in Q2 2025, attributed to focusing on higher-margin trades and specialty items. Sadot Group Inc (NASDAQ:SDOT) is leveraging AI and data-driven technologies to enhance decision-making and operational efficiency. The company is strategically expanding its global footprint and exploring vertical integration opportunities to strengthen control over the supply chain. Negative Points Revenue for Sadot Agri-Foods decreased by 34% compared to Q2 2024, primarily due to selective trading with more favorable margins. The sale of the restaurant segment has been slow, causing resource allocation issues and shareholder confusion. SG&A expenses increased by $1.1 million compared to the previous year, reflecting reclassification of expenses and increased administrative costs. The company had to raise $2.5 million due to delays in receivables collection and the restaurant sale, indicating cash flow challenges. There have been significant changes in the Board and management, which may indicate instability during the company's strategic pivot. Q & A Highlights Q: What is the status on the sale of the restaurants? A: Chagay Ravid, CEO, expressed dissatisfaction with the slow progress in selling the restaurants. Despite multiple LOIs and ongoing due diligence with potential buyers, the sale is crucial to reduce costs, generate cash, and focus on the agricultural business. The company is in final negotiations with strong candidates interested in acquiring both Muscle Maker Grill and Pokemoto. Q: Why did the company recently raise $2.5 million, and what are the proceeds being used for? A: The capital was raised due to delays in collecting receivables and closing the restaurant sale. It was a straight equity deal without any warrants. Q: How do tariffs affect Sadot, if at all? A: Paul Sansom, CFO, stated that tariffs have minimal impact on Sadot as most trades occur outside the United States. The company can move transactions globally to avoid US tariffs if necessary. Q: Why have there been so many changes in the Board and management recently? A: Chagay Ravid explained that the strategic shift from a US-based restaurant company to an international player in the global food supply chain necessitates personnel with specific skill sets in finance and technology. These changes are part of the company's growth and strategic pivot. Q: What are the company's strategic pillars for future growth? A: The CEO outlined five strategic pillars: geographic and vertical expansion, margin optimization and cost efficiency, technology and digital infrastructure, strengthening management and culture, and sustainable and ethical growth. These pillars aim to transform Sadot into a diversified, technology-enabled global agri-business. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Flowers Foods Inc (FLO) Q2 2025 Earnings Call Highlights: Navigating Market Shifts with ...
Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Flowers Foods Inc (NYSE:FLO) is aggressively transitioning its portfolio to align with current consumer demand, which is expected to drive long-term growth. The company has seen success with its differentiated products, such as Dave's Killer Bread and Canyon Bakehouse, which are performing well in the market. Flowers Foods Inc (NYSE:FLO) is actively innovating, with new products like small loaves and keto offerings showing promising growth. The company is experiencing substantial space gains in mass channels for its organic products, particularly Dave's Killer Bread, indicating strong market acceptance. Despite challenges, Flowers Foods Inc (NYSE:FLO) maintains a strong market share performance, particularly in premium and differentiated product segments. Negative Points The company is facing increased competitive pressure, particularly from new lower-priced bread products affecting traditional loaf sales. There is ongoing weakness in the away-from-home food service business, impacting overall performance. Flowers Foods Inc (NYSE:FLO) has reduced its EPS guidance, narrowing the gap between dividend commitments and current EPS run rate. The transition to align with shifting consumer trends is expected to take time, requiring patience from stakeholders. The company is experiencing negative fixed cost leverage due to lower volumes, impacting gross margins. Q & A Highlights Warning! GuruFocus has detected 6 Warning Sign with FLO. Q: Ryals, can you provide more details on the competitive environment and the impact of new lower-priced bread products? A: The promotional environment is elevated but stable. We've increased promotions, especially for differentiated products like Dave's Killer Bread (DKB), which performed well. Lower-priced entrants are affecting traditional loaf areas, but we're addressing this with our own small loaves. The market remains bifurcated, with good performance in premium and value segments, particularly in mass and club channels. We're also seeing continued weakness in the away-from-home food service business. Q: Steve, regarding the updated tariff outlook, have previous tariff costs been delayed or structurally updated? Also, how does the reduction in EPS guidance affect capital allocation, especially concerning dividends? A: The tariff update is structural, with expectations for tariffs to decrease based on current observations. Regarding capital allocation, we maintain a balanced approach, and the board evaluates performance, cash flow, and liquidity quarterly. We don't have a stated target payout ratio, but on a cash basis, it's different due to depreciation and amortization being above CapEx. Q: Are we returning to a highly competitive environment similar to years ago, with aggressive pricing strategies? A: The category is transitioning due to shifting consumer trends, such as health and wellness and ultra-processed food concerns. We're committed to innovation to navigate this transition. Traditional loaf products are most affected, but we're seeing success with differentiated products like DKB and Canyon Bakehouse. We have plans to address traditional loaf weaknesses, but I won't disclose details for competitive reasons. Q: Can you comment on the performance of Wonder and its impact on Tastykake? A: Wonder's launch has exceeded expectations without cannibalizing Tastykake, likely due to geographic strengths. Wonder is a national brand, while Tastykake is strong in the mid-Atlantic. We're pleased with Wonder's performance and have more innovation planned. Q: How long will the transition take, and are there near-term solutions to speed it up? A: The transition will take time, but I won't specify a duration. The category will stabilize eventually, driven by consumer behavior shifts and the pandemic's final effects. Our focus is on innovation to replace declines in traditional loaf sales. We have the number one brand and SKU, and we'll continue investing in brands like Nature Zone to mitigate losses. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
