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

Indonesia gold miners poised for rerating...

METALS AND MINING Indonesia Gold Michael Wildon Ng

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

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

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

RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Samuel Christian

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

CONSUMER RELATED Indonesia Consumer Sandy Ham Samuel Christian Jody Wijaya

High-quality job creation is essential for securing stronger,...

EQUITY STRATEGY Indonesia Equity Strategy Nayla Yasmin Gerald Hugo Jupriadi Tan

ENRG operates a diversified portfolio of...

COMMODITY Energi Mega Persada ENRG ENRG JK ENRG IJ Michael Wildon

We believe efforts of market repairs might show...

TELECOMS Indonesia Telecoms Erwin Wijaya

BBRI has released its bank-only Aug-25 results, which came in...

BANKS Bank Rakyat Indonesia BBRI BBRI JK BBRI IJ Erwin Wijaya

BMRI has released its bank-only Aug-25 results...

BANKS Bank Mandiri BMRI BMRI JK BMRI IJ Erwin Wijaya

BRIS has released its YTD Aug-25 results with headline...

BANKS Bank Syariah Indonesia BRIS BRIS JK BRIS IJ Erwin Wijaya

We revise our FY25-27F earnings projections for XLSMART by...

TELECOMS XLSMART Telecom EXCL EXCL JK EXCL IJ Erwin Wijaya

BBNI has released its bank-only Aug-25 results, which came in...

BANKS Bank Negara Indonesia BBNI BBNI JK BBNI IJ Erwin Wijaya

The sharp compression of the Indonesian Rupiah (IDR) vs. the United States Dollar (USD)...

BANKS Indonesia Banks Erwin Wijaya Gerald Hugo

We think BBCA’s peer-leading profitability will...

BANKS Bank Central Asia BBCA BBCA JK BBCA IJ Erwin Wijaya