yudi
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Joined 1 year ago
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Ultrajaya Milk Industry & Trading (ULTJ IJ) (Buy) - Recover and expand
SH SC JWWe estimate ULTJ’s sales to still decline by...
FOOD AND BEVERAGE Ultrajaya Milk Industry And Trading ULTJ ULTJ JK ULTJ IJ Sandy Ham Samuel Christian Jody Wijaya
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Bank Syariah Indonesia (BRIS IJ) (Buy) - Solid 1H25 results
EWBRIS has continued to deliver strong performance...
BANKS Bank Syariah Indonesia BRIS BRIS JK BRIS IJ Erwin Wijaya
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Bank Mandiri (BMRI IJ) (Buy) - 1H25 soft, as expected
EWBMRI posted consolidated 1H25 results with...
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Indonesia Equity Strategy - 2Q25 corporate health check
JT GH DT FJWe have compiled data from 260 companies in the JCI...
EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo David Tjahjadi Felix Justin
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Indonesia Banks - Glass half full
EWThe recent development related to the Ministry of Finance (MoF)...
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Selamat Sempurna (SMSM IJ) (Buy) - On track to be Indonesia's dividend aristocrat
JT DTA dividend aristocrat refers to a company that has paid...
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Industri Jamu Dan Farmasi Sido Muncul (SIDO IJ) (Buy) - Less downside risk
SH SC JWWe project SIDO to record +4.3% y-y sales growth in 2H25F...
FOOD AND BEVERAGE Industri Jamu Dan Farmasi Sido Muncul SIDO SIDO JK SIDO IJ Sandy Ham Samuel Christian Jody WIjaya
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Indonesia Banks - Boosting liquidity
EW GHOf late, major Indonesia banking stocks have been under persistent selling
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Telekomunikasi Indonesia Persero (TLKM IJ) (Buy) - Lowering earnings estimates by 1.1-4.4%
EWWe lower FY25-27F EPS by 1.1-4.4% to reflect the challenging...
TELECOMS Telekomunikasi Indonesia Persero TLKM TLKM JK TLKM IJ Erwin Wijaya
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Bank Negara Indonesia (BBNI IJ) (Buy) - Revising earnings estimates and TP downward
EWFollowing BBNI's YTD Jul-2025 results, we revise our FY25-27F...
BANKS Bank Negara Indonesia BBNI BBNI JK BBNI IJ Erwin Wijaya
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Bank Mandiri (BMRI IJ) (Buy) - Earnings updates; TP adjustment
EWWe revise our FY25F-27F earnings forecasts for BMRI to reflect the...
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Indonesia Autos - Asset quality and sales correlation
JT DT GHIn this note, we assess the preconditions for a four-wheeler (4W) sales recovery to...
AUTOS AUTO PARTS Indonesia Auto Jupriadi Tan David Tjahjadi Gerald Hugo
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Bank Negara Indonesia (BBNI IJ) (Buy) - YTD Jul-25 soft results
EWBBNI has released its bank-only Jul-25 results, which came in behind our ...
BANKS Bank Negara Indonesia BBNI BBNI JK BBNI IJ Erwin Wijaya
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Aneka Tambang (ANTM IJ) (Buy) - Earnings raised following impressive results
MWANTM delivered an impressive set of 2Q25 results, above our/consensus forecasts...
METALS AND MINING Aneka Tambang ANTM ANTM JK ANTM IJ Michael Wildon Ng
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Saratoga Investama Sedaya (SRTG IJ) (Buy) - Persistent discount despite strong fundamentals
JT DT GHSRTG continues to trade at a steep discount to NAV of ~55%, near its...
CONGLOMERATES Saratoga Investama Sedaya SRTG SRTG JK SRTG IJ Jupriadi Tan David Tjahjadi Gerald Hugo