Sariguna Primatirta (CLEO IJ) (Buy) - Strong earnings growth momentum
SH JW SC NYWe expect a strong 2026F NPAT growth rate for...
FOOD AND BEVERAGE Sariguna Primatirta CLEO CLEO JK CLEO IJ Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Multi Bintang Indonesia (MLBI IJ) (Buy) - Gaining ground as rival stumbles
SH SC JW NYOur channel checks at key alcoholic...
GENERAL CONSUMER Multi Bintang Indonesia MLBI MLBI JK MLBI IJ Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmi
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Wismilak Inti Makmur (WIIM IJ) (Buy) - Growth on two horizons
SH SC JW NYWe project a strong medium-term net profit...
CONSUMER RELATED Wismilak Inti Makmur WIIM WIIM JK WIIM IJ Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Cisarua Mountain Dairy (CMRY IJ) (Buy) - Don’t miss the bus
SH SC JW NYWe estimate CMRY will record a solid...
GENERAL CONSUMER Cisarua Mountain Dairy CMRY CMRY JK CMRY IJ Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Indofood CBP Sukses Makmur (ICBP IJ) (Buy) - The catalyst in the chaos
SH SC JW NYThe war in the Middle East has been shattering logistics...
FOOD AND BEVERAGE Indofood CBP Sukses Makmur ICBP ICBP JK ICBP IJ Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Siloam International Hospitals (SILO IJ) (Buy) - Stronger governance boosts long-term value
JW SH NY SCSiloam International Hospitals’ 1Q26 revenue...
HEALTH CARE AND PHARMACEUTICALS Siloam International Hospitals SILO SILO JK SILO IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
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Medikaloka Hermina (HEAL IJ) (Buy) - Short-term volume pressure still lingering
JW SH NY SCEarlier festive timing and tighter BPJS....
HEALTH CARE AND PHARMACEUTICALS Medikaloka Hermina HEAL HEAL JK HEAL IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
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Mitra Keluarga Karyasehat (MIKA IJ) (Buy) - Better mix and better margins ahead
JW SH NY SCMitra’s 1Q26 revenue came in softer than...
HEALTH CARE AND PHARMACEUTICALS Mitra Keluarga Karyasehat MIKA MIKA JK MIKA IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
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Sumber Alfaria Trijaya (AMRT IJ) (Buy) - Defensive strength on display
JW SH NY SCAMRT delivered a solid performance, with topline and...
CONSUMER RELATED Sumber Alfaria Trijaya AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
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Ultrajaya Milk Industry & Trading (ULTJ IJ) (Buy) - Decade of dairy
SH SC JW NYULTJ remains the market leader in the Indonesia...
FOOD AND BEVERAGE Ultrajaya Milk Industry And Trading ULTJ ULTJ JK ULTJ IJ Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Indonesia Retailers - Pulled-forward demand supports 1Q26
JW SH NY SCRetailers generally booked strong 1Q26 SSSG...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
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Indonesia FMCG - Strong FMCG sales momentum rolls on
SH SC JW NYIn line with our previous report (read: 1Q26 FMCG result preview), overall FMCG...
CONSUMER RELATED Indonesia FMCG Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Midi Utama Indonesia (MIDI IJ) (Buy) - Strong start to the year
JW SH NY SCMIDI posted a strong start to the year, with Alfamidi-only...
RETAIL Midi Utama Indonesia MIDI JK MIDI IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
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Indonesia FMCG - 1Q26F preview: Strong sales-to-market
SH SC JW NYBased on our analysis of 14 FMCG manufacturers under our coverage...
CONSUMER RELATED Indonesia FMCG Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin
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Indonesia Retailers - Strong profits, soft demand
JW SH NY SCRetailers delivered mediocre same-store sales growth (SSSG) in 4Q25...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian