Dharma Polimetal (DRMA IJ) (Buy) - Resilient despite weak autos market
JT DT GHIn our view, DRMA has been able to grow...
-
-
Astra Otoparts (AUTO IJ) (Buy) - Spare parts trading powerhouse
JT DT GHWe view AUTO primarily as a trading business...
AUTOS AUTO PARTS AUTO AUTO JK AUTO IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
Astra International (ASII IJ) (Buy) - Dividend stock
JT DT GHWe cut Astra’s earnings for 2025F/2026F by 7%/5% and introduce 2027F earnings...
AUTOS AND AUTO PARTS ASII ASII JK ASII IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
Indonesia Autos - Autos value chain: winners and laggards based on 1Q results
JT DT GHwe examine the 1Q25 results and do a deep dive into the automotive...
AUTOS AND AUTO PARTS Jupriadi Tan David Tjahjadi Gerald Hugo
-
AKR Corporindo (AKRA IJ) (Buy) - Core business-driven results
JT DT GHAKRA posted resilient 1Q25 NPAT of IDR565bn...
POWER AND UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
Indonesia Auto - Record EV penetration due to Denza
JT DT GHIndonesia’s EV market reached a record high...
AUTOS AND AUTO PARTS Jupriadi Tan David Tjahjadi Gerald Hugo
-
Metrodata Electronic (MTDL IJ) (Buy) - Consistent compounder with solid FY24 delivery
JT DT GHMTDL posted 14% yoy growth in both revenue...
SOFTWARE AND SERVICES MTDL MTDL JK MTDL IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
AKR Corporindo (AKRA IJ) (Buy) - Resilient logistics and JIIPE support earnings
JT DT GHAKRA’s logistics and estate moat remains robust,
POWER AND UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
Indonesia Autos - Results recap, export market, and tariffs impact
JT DT GHIndonesia's auto sector recorded overall in-line results for FY24,
AUTOS AND AUTO PARTS Jupriadi Tan David Tjahjadi Gerald Hugo
-
Indonesia Autos - Feb’25: New entrant Denza gaining share
JT DT GH4W sales rebounded in February 2025, driven by IIMS (Indonesia International Motor Show) expo;
-
Astra International (ASII IJ) (Buy) - In-line results
JT DT GHASII booked relatively in-line results, with FY24F top line growing by 4.5%
AUTOS AND AUTO PARTS Jupriadi Tan David Tjahjadi Gerald Hugo
-
Astra International (ASII IJ) (Buy) - Thoughts on Astra’s investments and the autos sector
JT DT GHWe analyze Astra’s investments over the past seven years – which have largely been unfruitful,
AUTOS AND AUTO PARTS ASII ASII JK ASII IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
Indonesia IT Services - Steady as it goes
JT DT GHWe initiate coverage of Metrodata Electronics (MTDL) and Mastersystem Infotama (MSTI) with Buy ratings,
-
AKR Corporindo (AKRA IJ) (Buy) - Growth tailwinds ahead
JT DT GHAKRA’s share price has declined by -19% over the past three months,
POWER AND UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
-
Indonesia Equity Strategy - VMMI – weak, but growth tailwinds ahead
JT DT GHOur proprietary Verdhana Macro-Micro Index (VMMI, see previous reports here and here)