BEWARE OF FRAUDULENT SCHEMES CLAIMING TO REPRESENT PT VERDHANA SEKURITAS INDONESIA

• Please be cautious of any fraudulent schemes conducted by parties claiming to represent PT Verdhana Sekuritas Indonesia. These scams often use the name, logo, and identity of PT Verdhana Sekuritas Indonesia to pose as official company representatives.
  
• Identified scam methods include investment fraud, job offers, task assignments, or other programs that appear to offer monetary rewards or commissions. Please remain vigilant against other forms of fraud as well.
  
• These scams may be carried out through various media channels, including:
  1. Fake websites;
  2. Messaging apps such as WhatsApp, Telegram, SMS, etc.;
  3. Fake emails and letters;
  4. Fraudulent phone calls. 
• PT Verdhana Sekuritas Indonesia operates solely as a Securities Broker-Dealer and Underwriter. We are not an investment manager or an institution that offers investment programs, job offers, commission-based tasks, or other financial schemes directly to the public via social media, private messages, phone calls, or unofficial individual agents. We do not appoint any individual or third party to collect funds from the public. 
• We never request the public, prospective clients, or our clients to (1) conduct cash transactions or (2) transfer funds to any personal account of individuals claiming to be employees or representatives of PT Verdhana Sekuritas Indonesia.
  
• Official information from PT Verdhana Sekuritas Indonesia is communicated only through our official channels:
  Website: www.verdhana.id and www.verdhanaresearch.com 
  Email: info@verdhana.id
  Phone: (021) 5098 5799
  Address: Deutsche Bank Building, 18th Floor, Jl. Imam Bonjol No. 80, Jakarta 10310 
• If you receive any suspicious messages, offers, or solicitations conducted by parties claiming to represent PT Verdhana Sekuritas Indonesia, please do not respond and report them immediately to us via email at info@verdhana.id.

This announcement is hereby conveyed. Thank you for your attention and for placing your trust in PT Verdhana Sekuritas Indonesia.
Sincerely,

PT Verdhana Sekuritas Indonesia

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• Kalbe Farma (KLBF IJ) (Buy) - The new era of consumer health

  SH SC JW

  We have tracked the progress of KLBF consumer health’s brand...

  GENERAL CONSUMER Kalbe Farma KLBF KLBF JK KLBF IJ Sandy Ham Samuel Christian Jody Wijaya

  1 month ago

• Cisarua Mountain Dairy (CMRY IJ) (Buy) - Growth beyond industry

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  We upgrade our NPAT forecasts by +4.3%/4.6% for FY25F/FY26F...

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  1 month ago

• Unilever Indonesia (UNVR IJ) (Neutral) - A long road ahead

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  Based on our observations over the past 1.5 years, we conclude that...

  GENERAL CONSUMER UNVR UNVR JK UNVR IJ Sandy Ham Samuel Christian Jody Wijaya

  4 months ago

• Cisarua Mountain Dairy (CMRY IJ) (Buy) - Double-digit growth amidst economic slowdown

  SH JW SC

  We observed that middle-income consumers are moving...

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  5 months ago

• Kalbe Farma (KLBF IJ) (Buy) - Proven brand transformation

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  As highlighted in our 23 March note (Repositioning, revamping, and reallocating)...

  GENERAL CONSUMER Kalbe Farma KLBF KLBF JK KLBF IJ Sandy Ham Jody Wijaya Samuel Christian

  6 months ago

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  CMRY’s 1Q25 earnings result was in line...

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  7 months ago

• Unilever Indonesia (UNVR IJ) (Reduce) - Fundamental issue remains

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  GENERAL CONSUMER UNVR UNVR JK UNVR IJ Sandy Ham Jody Wijaya Samuel Christian

  7 months ago

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  We estimate that the FMCG firms under our...

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  7 months ago

• Indonesia FMCG - 4Q24 results review and 2M25 run rate estimate

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  7 months ago

• Kalbe Farma (KLBF IJ) (Buy) - Repositioning, revamping, and reallocating

  SH JW SC

  We estimate KLBF to record a sales CAGR of +7.5% (2018-2024F),

  GENERAL CONSUMER KLBF KLBF JK KLBF IJ Sandy Ham Jody Wijaya Samuel Christian

  8 months ago

• Indonesia Retailers - Cultural exports as a form of influence

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  8 months ago

• Indonesia Consumer - Indonesia grocery's growth engine

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• Cisarua Mountain Dairy (CMRY IJ) (Buy) - A standout in consistency and growth

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  CMRY booked a +25% NPAT CAGR over the 2021-2024 period,

  GENERAL CONSUMER Sandy Ham Jody Wijaya Samuel Christian

  9 months ago

• Cisarua Mountain Dairy (CMRY IJ) (Buy) - Plenty source for growth

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  CMRY has largely covered modern trade (MT) stores in Indonesia,

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  10 months ago

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