NCKL’s 3Q25 revenue and earnings came in...

METALS AND MINING Trimegah Bangun Persada NCKL NCKL JK NCKL IJ Michael Wildon

Indonesia’s major banks (BBCA IJ, BRIS IJ, BMRI IJ, BBNI IJ and BBRI IJ...

BANKS Indonesia Banks Erwin Wijaya

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

RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian

Indonesia’s ceramic industry is showing...

CONSTRUCTION MATERIALS Arwana Citramulia ARNA ARNA JK ARNA IJ Gerald Hugo Felix Justin Michael Wildon

INCO booked a positive earnings momentum in 3Q25...

METALS AND MINING Vale Indonesia INCO INCO JK INCO IJ Michael Wildon Ng

Indonesia’s tower companies – TOWR IJ, MTEL IJ and TBIG IJ...

TELECOMS Indonesia Tower Erwin Wijaya

Overall sales showed a better growth trajectory...

CONSUMER RELATED Indonesia FMCG Sandy Ham Samuel Christian Jody Wijaya

Amid persistent weak consumption, we view...

CHEMICALS Avia Avian AVIA AVIA JK AVIA IJ Gerald Hugo Felix Justin Jupriadi Tan

TLKM released its 9M25 results, with headline...

TELECOMS Telekomunikasi Indonesia Persero TLKM TLKM JK TLKM IJ Erwin Wijaya

AUTO delivered its strongest quarter to date, recording a record...

AUTOS AND AUTO PARTS Astra Otoparts AUTO AUTO JK AUTO IJ Jupriadi Tan David Tjahjadi Gerald Hugo

In our recent note (Indonesian Banking Sector - Earnings risks likely priced-in...

BANKS Indonesia Banks Erwin Wijaya

BRIS has continued to deliver strong performance, with...

BANKS Bank Syariah Indonesia BRIS BRIS JK BRIS IJ Erwin Wijaya

Although BBRI’s headline consolidated profit for 9M25 was...

BANKS Bank Rakyat Indonesia BBRI BBRI JK BBRI IJ Erwin Wijaya

SAT’s 9M25 results came in line with our projections, with...

TELECOMS Indosat ISAT ISAT JK ISAT IJ Erwin Wijaya

BTPS released its 9M25 results, which were largely in-line with...

BANKS Bank BTPN Syariah BTPS BTPS JK BTPS IJ Erwin Wijaya