BSDE recorded FY25 pre-sales of IDR10tn (+3% y-y)...

PROPERTY Bumi Serpong Damai BSDE BSDE JK BSDE IJ Gerald Hugo Felix Justin

PWON delivered robust results for FY25...

PROPERTY Pakuwon Jati PWON PWON JK PWON IJ Gerald Hugo Felix Justin

Aggregate presales under our real estate coverage reached...

PROPERTY Indonesia property Gerald Hugo Felix Justin

Our stress test assumes that the government can hold the line...

EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo

Overall results were in line with consensus and ahead of...

Commodity Energy Mega Persada ENRG ENRG JK ENRG IJ Michael Wildon NG Nizam Syafik

CTRA delivered solid financial results in FY25, with revenue...

PROPERTY Ciputra Development CTRA CTRA JK CTRA IJ Gerald Hugo Felix Justin

FY25 revenue was flat y-y at 101%/104% of our...

OIL GAS CHEMICALS ASIA Medco Energi Internasional MEDC MEDC JK MEDC IJ Michael WIldon Ng Nizam Syafik

BMRI delivered a solid set of consolidated 1Q26 results...

BANKS Bank Mandiri BMRI BMRI JK BMRI IJ Erwin Wijaya

The parliament's proposal to curb the ~IDR361trn annual tax refund pool...

EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo

MTEL has released its FY25 results, which were largely...

TELECOMS Mitratel MTEL MTEL JK MTEL IJ Erwin Wijaya

We revise down our FY26-28F earnings estimates for BBCA by...

BANKS Bank Central Asia BBCA BBCA JK BBCA IJ Erwin Wijaya

We lower FY25-27F EPS by ~3-15% to incorporate...

TELECOMS Telekomunikasi Indonesia Persero TLKM TLKM JK TLKM IJ Erwin Wijaya

Based on our analysis of 14 FMCG manufacturers under our coverage...

CONSUMER RELATED Indonesia FMCG Sandy Ham Samuel Christian Jody Wijaya Nayla Yasmin

The Indonesian government, through the Ministry of Finance (MoF), has planned to...

BANKS Bank Rakyat Indonesia BBRI BBRI JK BBRI IJ Erwin Wijaya

TBIG delivered a steady FY25 with revenue of...

TELECOMS Tower Bersama Infrastructure TBIG TBIG JK TBIG IJ Erwin Wijaya