BEWARE OF FRAUDULENT SCHEMES CLAIMING TO REPRESENT PT VERDHANA SEKURITAS INDONESIA

• Please be cautious of any fraudulent schemes conducted by parties claiming to represent PT Verdhana Sekuritas Indonesia. These scams often use the name, logo, and identity of PT Verdhana Sekuritas Indonesia to pose as official company representatives.
  
• Identified scam methods include investment fraud, job offers, task assignments, or other programs that appear to offer monetary rewards or commissions. Please remain vigilant against other forms of fraud as well.
  
• These scams may be carried out through various media channels, including:
  1. Fake websites;
  2. Messaging apps such as WhatsApp, Telegram, SMS, etc.;
  3. Fake emails and letters;
  4. Fraudulent phone calls. 
• PT Verdhana Sekuritas Indonesia operates solely as a Securities Broker-Dealer and Underwriter. We are not an investment manager or an institution that offers investment programs, job offers, commission-based tasks, or other financial schemes directly to the public via social media, private messages, phone calls, or unofficial individual agents. We do not appoint any individual or third party to collect funds from the public. 
• We never request the public, prospective clients, or our clients to (1) conduct cash transactions or (2) transfer funds to any personal account of individuals claiming to be employees or representatives of PT Verdhana Sekuritas Indonesia.
  
• Official information from PT Verdhana Sekuritas Indonesia is communicated only through our official channels:
  Website: www.verdhana.id and www.verdhanaresearch.com 
  Email: info@verdhana.id
  Phone: (021) 5098 5799
  Address: Deutsche Bank Building, 18th Floor, Jl. Imam Bonjol No. 80, Jakarta 10310 
• If you receive any suspicious messages, offers, or solicitations conducted by parties claiming to represent PT Verdhana Sekuritas Indonesia, please do not respond and report them immediately to us via email at info@verdhana.id.

This announcement is hereby conveyed. Thank you for your attention and for placing your trust in PT Verdhana Sekuritas Indonesia.
Sincerely,

PT Verdhana Sekuritas Indonesia

 CLOSE 

Home   /   Latest Research

Default sorting Sort by Popularity Sort by Average rating Sort by Featured

• Indonesia Retailers - 3Q25 review: Lackluster quarter, as expected

  JW SH NY SC

  In our 3Q25F earnings preview of 13 October...

  RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian

  5 months ago

• Indonesia FMCG - 3Q25 results review: six consumer trends continue

  SH SC JW

  Overall sales showed a better growth trajectory...

  CONSUMER RELATED Indonesia FMCG Sandy Ham Samuel Christian Jody Wijaya

  5 months ago

• Ultrajaya Milk Industry & Trading (ULTJ IJ) (Buy) - The rise of plain milk

  SH SC JW

  Our on-the-ground surveys reveal that the free nutritious meal program...

  FOOD AND BEVERAGE Ultrajaya Milk Industry And Trading ULTJ ULTJ JK ULTJ IJ Sandy Ham Samuel Christian Jody Wijaya

  5 months ago

• Kalbe Farma (KLBF IJ) (Buy) - The new era of consumer health

  SH SC JW

  We have tracked the progress of KLBF consumer health’s brand...

  GENERAL CONSUMER Kalbe Farma KLBF KLBF JK KLBF IJ Sandy Ham Samuel Christian Jody Wijaya

  5 months ago

• Mulia Boga Raya (KEJU IJ) (Buy) - Growing versatile cheese

  SH SC JW

  We upgrade our NPAT forecast by 21%/22%/13% for FY25F/26F27F on...

  FOOD AND BEVERAGE Mulia Boga Raya KEJU KEJU JK KEJU IJ Sandy Ham Samuel Christian Jody Wijaya

  5 months ago

• Cisarua Mountain Dairy (CMRY IJ) (Buy) - Growth beyond industry

  SH SC JW

  We upgrade our NPAT forecasts by +4.3%/4.6% for FY25F/FY26F...

  GENERAL CONSUMER Cisarua Mountain Dairy CMRY CMRY JK CMRY IJ Sandy Ham Samuel Christian Jody Wijaya

  6 months ago

• Triputra Agro Persada (TAPG IJ) (Buy) - Strong profit upgrade

  SH SC

  We revise up our ASP forecasts for TAPG by...

  AGRI-RELATED Triputra Agro Persada TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian

  6 months ago

• Indonesia Retailers - 3Q25F earnings preview: Still waiting for the spark

  JW SH SC

  We continue to expect modest earnings delivery for the Indonesia...

  RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Samuel Christian

  6 months ago

• Indonesia Consumer - 3Q25F FMCG results preview: Inflection point

  SH SC JW

  Our survey of 23 FMCG firms suggests that consumption in 3Q25F...

  CONSUMER RELATED Indonesia Consumer Sandy Ham Samuel Christian Jody Wijaya

  6 months ago

• Ultrajaya Milk Industry & Trading (ULTJ IJ) (Buy) - Recover and expand

  SH SC JW

  We estimate ULTJ’s sales to still decline by...

  FOOD AND BEVERAGE Ultrajaya Milk Industry And Trading ULTJ ULTJ JK ULTJ IJ Sandy Ham Samuel Christian Jody Wijaya

  6 months ago

• Industri Jamu Dan Farmasi Sido Muncul (SIDO IJ) (Buy) - Less downside risk

  SH SC JW

  We project SIDO to record +4.3% y-y sales growth in 2H25F...

  FOOD AND BEVERAGE Industri Jamu Dan Farmasi Sido Muncul SIDO SIDO JK SIDO IJ Sandy Ham Samuel Christian Jody WIjaya

  7 months ago

• Indonesia Poultry - Eggs in the right basket

  JW SH SC

  Indonesia’s poultry sector stands to benefit from a convergence...

  CONSUMER RELATED Indonesia Poultry Jody Wijaya Sandy Ham Samuel Christian

  7 months ago

• Erajaya Swasembada (ERAA IJ) (Buy) - Eyeing the next catalyst

  JW SH SC

  Erajaya (ERAA) delivered its best-ever quarterly sales and net profit in 2Q25...

  RETAIL Erajaya Swasembada ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian

  7 months ago

• Indonesia Consumer - Acceleration of government’s free nutritious meal program

  SH SC JW

  We expect a jump in terms of the number of kitchens (SPPG) opening in Aug-25...

  CONSUMER RELATED Indonesia Consumer Sandy Ham Samuel Christian Jody Wijaya

  8 months ago

• Map Aktif Adiperkasa (MAPA IJ) (Buy) - Overseas drives margin afloat

  JW SH SC

  MAPA recorded its slowest 1H y-y sales growth on record, with 1H25...

  RETAIL Map Aktif Adiperkasa MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian

  8 months ago