BMRI released its 9M24 results on 30 October, with the company remaining on a steady growth trajectory.

Banks BMRI BMRI JK BMRI IJ Nicholas Santoso Erwin Wijaya

In our recent note, we wrote that BBRI might face maturing micro/ultra-micro segments in the next few years.

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

The ceramic industry is currently benefiting from three significant tailwinds, in our view.

Construction Materials ARNA ARNA JK ARNA IJ Michael Wildon Edward Prima Gerald Hugo

BRIS continued to deliver solid 3Q24 bottom line performance with the numbers coming in largely in-line with o

Banks BRIS BRIS JK BRIS IJ Nicholas Santoso Erwin Wijaya

We have become more positive on the Indonesia tower sector’s long-term outlook.

Telecoms MTEL MTEL JK MTEL IJ Nicholas Santoso Erwin Wijaya

Crude palm oil (CPO) prices have recently broken above USD1,000/ton this year,

Agri-Related TAPG TAPG JK TAPG IJ Nicholas Goei Sandy Ham

AKRA delivered weak 9M24 result as expected, due to the weak trading business as

Power Utilities Jupriadi Tan Gerald Hugo

BBNI released its 9M24 results with headline profit at IDR16.3tn (+3.3% y-y),

Banks BBNI BBNI JK BBNI IJ Nicholas Santoso Erwin Wijaya

Despite the anticipated rate cut cycle, we believe Indonesia banks have limited room to lower their cost of fu

Equity Strategy Jupriadi Tan Erwin Wijaya

We took a closer look at BMRI’s provisioning expenses (12MMA CoC) which has stabilised at ~70-80bp in 1H24.

Banks BMRI BMRI JK BMRI IJ Nicholas Santoso Erwin Wijaya

We introduce the Nusantara Series, an in-depth market research that leverages our surveys and channel checks a

Autos Auto Parts Jupriadi Tan Gerald Hugo

According to recent news (LINK 1), the government is looking to provide debt forgiveness for written-off loans

Banks Nicholas Santoso Erwin Wijaya

BBCA released its 9M24 results with headline profit at IDR41.1tn (+13% y-y) accounting for ~78% of our FY24F p

Banks BBCA JK BBCA IJ Nicholas Santoso Erwin Wijaya

Despite recent Bank Indonesia’s (BI) benchmark rate cut, funding costs may continue to inch higher

Banks Nicholas Santoso Erwien Wijaya

Largely in line with our view (see Indonesia Nickel: Nickel ore drives downstream prices, 16 August 2024),

Metals Mining Michael Wildon Edward Prima