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

BBRI posted its Jul-24 bank-only results, which showed decent improvement

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

Consumer health is a very crucial division for KLBF, as it possesses the highest margin,

General Consumer Kalbe KLBF JK KLBF IJ Sandy Ham Jody Wijaya Samuel Christian

JA~DI, an Indonesian acronym for "Jajan di Alfamidi" (meaning “Snacking at Alfamidi”), is a pilot

Retail MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian

BBNI released its 1H24 results with headline profit of IDR10.7tn (+3.8% y-y), accounting for 50% of our FY24

Banks BBNI BBNI IJ Nicholas Santoso Erwin Wijaya

Based on the Indonesia government’s latest 2025 budget, we think there will potentially be less exposure to

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

Brent Crude futures are back to USD81/bbl, recovering from a 13% decline in July.

Oil Gas Michael Wildon

In this note, we reiterate our Buy call on the stock following the recent announcement that XL has entered

Telco EXCL Sandy Ham Jody Wijaya Samuel Christian

Based on our survey of FMCG wholesalers and distributors, we reckon that ULTJ booked very strong sales growth

Food Beverage ULTJ Sandy Ham Jody Wijaya Samuel Christian

All local nickel producers under our coverage posted significant margin recoveries following the rise in

Mining Nickel Michael Wildon Edward Prima

BBCA’s bank-only Jul-24 earnings of IDR4.9tr (+1% m-m / +17% y-y) brings YTD Jul-24 headline profit to

Banks BBCA Nicholas Santoso Erwin Wijaya