BBCA released its bank-only YTD Nov-24 results with headline profit of IDR50.5tn (+14% y-y),

Banks BBCA BBCA JK BBCA IJ Nicholas Santoso Erwin Wijaya

EXCL and FREN (FREN IJ, Not rated) have officially announced a definitive agreement for a proposed merger,

Telecoms XL Axiata EXCL EXCL JK EXCL IJ Nicholas Santoso Erwin Wijaya

Going into 2025F, we see continued headwinds for Jago (and other digital banks),

Banks ARTO ARTO JK ARTO IJ Nicholas Santoso Erwin Wijaya

On 6 December, we were invited to visit Arwana Citramulia’s Plant 2 in West Java to observe and learn about AR

Construction Materials ARNA ARNA JK ARNA IJ

We believe Indonesia’s logistics market is a potentially lucrative segment that is still underpenetrated.

Transport Logistics FMCG Jupriadi Tan David Tjahjadi Gerald Hugo

Despite the persistent challenging macroeconomic backdrops, as we head into 2025F,

Banks Nicholas Santoso Erwin Wijaya

With the gap between crude palm oil (CPO) and crude oil widening, blending biodiesel into diesel has become ev

Agri-Related CPO Nicholas Goei

BRIS has released its YTD Oct-24 results, which came in largely in line with our projections.

Banks BRIS BRIS JK BRIS IJ Nicholas Santoso Erwin Wijaya

GJAW 2024, as the third automotive expo this year, underscored the changing dynamics of Indonesia’s automotive

Autos Auto Parts Jupriadi Tan Gerald Hugo

Based on our conversation with industry players and data from Indonesia Association of Medical Devices Manufac

Health care Pharmaceuticals Sandy Ham Jody Wijaya Samuel Christian

Major Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Oct-24 results,

Banks Nicholas Santoso Erwin Wijaya

BBRI has released its YTD Oct-24 results with PPOP and net profit of IDR89.5tr (+15% y-y)

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

NCKL booked an outstanding 3Q result, with 9M24 earnings comprising 90% of our forecas

Metals Mining NCKL NCKL JK NCKL IJ Michael Wildon Edward Prima

After closing 105 Lawson store-in-store (SIS) locations in 9M24,

Retail MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian

In line with insights from our Anchor Report on purchasing power,

Equity Strategy Jupriadi Tan Gerald Hugo