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

The wholesales of 4W market in 10M24 remained weak, with sales volume down 15% yoy to 710k units.

Autos Autos Parts Jupriadi Tan Gerald Hugo

While Mitra Adiperkasa’s (MAPI) 3Q24 y-y sales growth remained strong at +17%,

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

BBNI released its bank-only YTD Oct24 results with net profit of IDR18.1tn (+4% y-y),

Banks BBNI BBNI JK BBNI IJ Nicholas Santoso Erwin Wijaya

We hosted Verdhana Indonesia Conference 2024 – Passing the Baton on 4-8 November 2024.

Equity Strategy Jupriadi Tan Gerald Hugo Nicholas Santoso Erwin Wijaya Sandy Ham Jody Wijaya Samuel Christian Michael Wildon Edward Prima Felix Justin