yudi
Administrator
Joined 1 year ago
Active
-
Indonesia Banks - Boosting liquidity
EW GHOf late, major Indonesia banking stocks have been under persistent selling
-
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
-
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
-
Bank Mandiri (BMRI IJ) (Buy) - Earnings updates; TP adjustment
EWWe revise our FY25F-27F earnings forecasts for BMRI to reflect the...
-
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
-
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
-
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
-
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
-
Indonesia Banks - Strengthening tailwinds
EWLiquidity conditions are turning more supportive. M2 growth has continued to...
-
Bank Rakyat Indonesia (BBRI IJ) (Buy) - YTD Jul-25 profit -9% y-y
EWBBRI has released its bank-only Jul-25 results, which came in...
BANKS Bank Rakyat Indonesia BBRI BBRI JK BBRI IJ Erwin Wijaya
-
United Tractors (UNTR IJ) (Buy) - Unpacking UNTR’s assets
MWIn this note we provide a detailed breakdown of each of UNTR’s segments...
ENGINEERING AND CONSTRUCTION United Tractors UNTR UNTR JK UNTR IJ Michael Wildon Ng
-
Bank Central Asia (BBCA IJ) (Buy) - Resilient YTD Jul-25 results
EWBBCA released its bank-only Jul-25 results on 19 August...
-
Erajaya Swasembada (ERAA IJ) (Buy) - Eyeing the next catalyst
JW SH SCErajaya (ERAA) delivered its best-ever quarterly sales and net profit in 2Q25...
RETAIL Erajaya Swasembada ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian
-
Indonesia Banks - Flat interest rate subsidies
EWThe government’s draft 2026 budget sets interest rate subsidies for program loans...
-
Indonesia Telecoms - Towards better sustainability
EWIn Feb-25, we wrote about what it would take to improve sustainability in the cellular space...