While the government’s proposed increase in day-old-chick (DOC)...

CONSUMER RELATED Indonesia Poultry Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian

Our constructive view on Indonesia’s banking sector...

BANKS Indonesia Banks Erwin Wijaya

2025 remained a challenging year for Indonesia’s...

TELECOMS Indonesia Telecom and Tower Erwin Wijaya

We view the Nutritious Meal Program as an increasingly...

EQUITY STRATEGY Indonesia equity strategy Jupriadi Tan Gerald Hugo

Following BBRI's soft YTD Oct-2025 results, we revise...

BANKS Bank Rakyat Indonesia BBRI BBRI JK BBRI IJ Erwin Wijaya

The Indonesia banking sector remains challenging going into 2026,

BANKS Bank Central Asia BBCA BBCA JK BBCA IJ Erwin Wijaya

Based on recent bank-only performance data from major Indonesian banks...

BANKS Indonesia Banks Erwin Wijaya

The MSCI Indonesia Index has declined by 20% since September 2024...

EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo Sandy Ham Jody Wijaya Michael Wildon Erwin Wijaya Samuel Christian David Tjahjadi Felix Justin Nayla Yasmin

We reiterate our positive outlook for the Indonesia telecom sector,

TELECOMS Indonesia telecoms Erwin Wijaya

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

BANKS Erwin Wijaya

Following our previous research on TSR, in this report we analyze...

EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo

Interest rates have been trending lower over the past few years,

EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo

Currently the government of Indonesia holds one golden share of Bank Syariah Indonesia...

BANKS Bank Mandiri BMRI BMRI JK BMRI IJ Erwin Wijaya

We recently had a discussion with Telkom management. Among the key...

TELECOMS Telekomunikasi Indonesia Persero TLKM TLKM JK TLKM IJ Erwin Wijaya

We estimate AKRA’s 2025F earnings will expand structurally from...

POWER AND UTILITIES AKR Corporindo AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo