BBRI has released its bank-only Apr-25 results...

BANKS BBRI BBRI JK BBRI IJ Erwin Wijaya

We believe that the recovery in the Indonesia equity market may still...

EQUITY STRATEGY Jupriadi Tan Gerald Hugo Felix Justin David Tjahjadi

BMRI released its bank-only Apr-25 results...

BANKS BMRI BMRI JK BMRI IJ Erwin Wijaya

BBNI released its bank-only Apr-25 results...

BANKS BBNI BBNI JK BBNI IJ Erwin Wijaya

As previously noted in our reports Asymmetrical Upside Risks and...

BANKS Erwin Wijaya

The government will launch six new major stimulus packages to boost consumption by this June...

CONSUMER RELATED Sandy Ham Jody Wijaya Samuel Christian

Indonesia recorded a slight current account deficit of USD0.2bn (0.05% of GDP) in 1Q25...

EQUITY STRATEGY Jupriadi Tan Gerald Hugo

Our proprietary Verdhana Macro-Micro Index indicated a notable acceleration in consumer transactions in 1Q25..

EQUITY STRATEGY Jupriadi Tan Gerald Hugo

ARTO released its 1Q25 results, which were pretty solid, in our opinion...

BANKS ARTO ARTO JK ARTO IJ Erwin Wijaya

Bank Indonesia (BI) has cut its benchmark rate by 25bp to 5.50%,...

BANKS Erwin Wijaya

ERAA’s performance has been underwhelming over the past three years...

RETAIL ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian

BBCA just released its bank-only Apr-25 results. Overall, we think...

BANKS BBCA BBCA JK BBCA IJ Erwin Wijaya

Over the past year, major Indonesia banking stocks have been...

BANKS Erwin Wijaya

We believe reducing the income gap between rich and poor is the ultimate goal...

CONSUMER RELATED Sandy Ham Jody Wijaya Samuel Christian

We 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