Blue Bird posted FY25 revenue of IDR5,705bn (+13% y-y)...

TRANSPORT OR LOGISTICS Blue Bird BIRD BIRD JK BIRD IJ Jupriadi Tan David Tjahjadi Gerald Hugo

TOWR posted FY25 revenues of IDR13.3tn (+4.6% y-y; 103% of our forecast)...

TELECOMS Sarana Menara Nusantara TOWR TOWR JK TOWR IJ Erwin Wijaya

Selamat Sempurna (SMSM) posted FY25 revenue of IDR5,339bn (+3.4% y-y)...

AUTOS AND AUTO PARTS Selamat Sempurna SMSM SMSM JK SMSM IJ Jupriadi Tan David Tjahjadi Gerald Hugo

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

BANKS Indonesia Banks Erwin Wijaya

AMRT delivered strong earnings growth in 4Q25...

CONSUMER RELATED Sumber Alfaria Trijaya AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian

The Indonesia IT services sector continued to...

TECHNOLOGY Indonesia IT Services Jupriadi Tan David Tjahjadi

We frame this report as a tactical...

EQUITY STRATEGY Jupriadi Tan Gerald Hugo David Tjahjadi Felix Justin

MIDI delivered strong earnings growth in 4Q25...

RETAIL Midi Utama Indonesia MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian

Bank Jago (ARTO) released its FY25 results, which were...

BANKS Bank Jago ARTO ARTO JK ARTO IJ Erwin Wijaya

February 2026 4W data confirmed a firm industry recovery...

AUTOS AND AUTO PARTS Indonesia Autos Jupriadi Tan David Tjahjadi

We expect the Indonesia banking sector to continue...

BANKS Panin Bank PNBN PNBN JK PNBN IJ Erwin Wijaya

BTPS released its FY25 results, which were...

BANKS Bank BTPN Syariah BTPS BTPS JK BTPS IJ Erwin Wijaya

We expect the Indonesia banking sector to continue...

BANKS Bank Danamon Indonesia BDMN BDMN JK BDMN IJ Erwin Wijaya

BBCA’s 2026 AGMS (annual general meeting of shareholders)...

BANKS Bank Central Asia BBCA BBCA JK BBCA IJ Erwin Wijaya

ULTJ recorded a significant increase in...

FOOD AND BEVERAGE Ultrajaya Milk Industry And Trading ULTJ ULTJ JK ULTJ IJ Sandy Ham Samuel Christian Jody WIjaya Nayla Yasmin