Our survey with distributors and wholesalers indicated that CLEO’s sales growth

Food and Beverage Sandy Ham Jody Wijaya Samuel Christian

Jasa Marga (JSMR) is a state-owned enterprise (SOE) holding company involved in the toll road business

Infra Engineering Construction JSMR JK JSMR IJ Jupriadi Tan Gerald Hugo

The Minister of Health (MoH) plans to implement the Nutri-Grade labelling system for beverages

Food and Beverage Sandy Ham Jody Wijaya Samuel Christian

Since the introduction of data services in the Indonesia telecom sector,

Telco Telecoms Nicholas Santoso Erwin Wijaya

DRMA margins have deteriorated in the past two quarters due to low production volume.

Autos Auto Parts DRMA JK DRMA IJ Jupriadi Tan Gerald Hugo

Astra Otoparts continues to show resilient earnings, which were driven by its trading

Autos Auto Parts AUTO JK AUTO IJ Jupriadi Tan Gerald Hugo

BRIS has released its YTD Jul-24 results, with headline profit of IDR3.9tn

Banks BRIS JK BRIS IJ Nicholas Santoso Erwin Wijaya

We reiterate our Buy call on XL Axiata (EXCL). EXCL share price has declined

Telecoms EXCL JK EXCL IJ Nicholas Santoso Erwin Wijaya

BRIS continued to deliver solid 2Q24 bottom line performance with the numbers coming

Banks BRIS JK BRIS IJ Nicholas Santoso Erwin Wijaya

Major Indonesian banks (BBCA/BMRI/BBRI/BBNI) have published

Banks Nicholas Santoso Erwin Wijaya

In autos, as discussed in our previous Anchor Report, Shifting gears —

Autos ASII ASII JK ASII IJ Jupriadi Tan Gerald Hugo

BMRI released its bank-only Jul-24 results with monthly earnings

Banks BMRI JK BMRI IJ Nicholas Santoso Erwin Wijaya

These improvements were largely driven by the bank’s increased

Banks BMRI JK BMRI IJ Nicholas Santoso Erwin Wijaya

It is considered as the largest privately owned bank in Indonesia.

Banks BBCA JK BBCA IJ Nicholas Santoso Erwin Wijaya

Rolling forward to 2025F book-value; raise TP to IDR6,300

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya