ASII reported 3Q24 results, with revenue at IDR86tn (+10% y-y) and NPAT of IDR10tn (+21% y-y),

Autos Auto Parts ASII ASII JK ASII IJ Jupriadi Tan Gerald Hugo

The ceramic industry is currently benefiting from three significant tailwinds, in our view.

Construction Materials ARNA ARNA JK ARNA IJ Michael Wildon Edward Prima Gerald Hugo

AKRA delivered weak 9M24 result as expected, due to the weak trading business as

Power Utilities Jupriadi Tan Gerald Hugo

We introduce the Nusantara Series, an in-depth market research that leverages our surveys and channel checks a

Autos Auto Parts Jupriadi Tan Gerald Hugo

Indonesia's 9M24 4W sales reached IDR232tn (-12% y-y), with 633k units sold (-16% y-y) at an ASP of IDR368mn (

Autos Auto Parts Jupriadi Tan Gerald Hugo

We recently visited WINS' newly acquired Platform Supply Vessel (PSV), the WM Mentawai, in Batam, Indonesia.

Transportation and Logistic WINS JK WINS IJ Jupriadi Tan Gerald Hugo

We trim our 2024F/2025F earnings estimates for AKRA by 7.2%/3.4% due to unfavorable general market conditions

Power and Utilities AKRA JK AKRA IJ Jupriadi Tan Gerald Hugo

Car sales in Indonesia have been sluggish — the latest sales (6MMA) at 70k vs pre-COVID normalized period of 8

Autos Auto Parts Jupriadi Tan Gerald Hugo

We maintain our Buy rating on Saratoga Investama Sedaya (SRTG), with a target price of IDR3,000.

Conglomerates SRTG JK SRTG IJ Jupriadi Tan Gerald Hugo

In this note, we assess the growth trend of the used car market and its correlation with new car prices in Ind

Autos Auto Parts Jupriadi Tan Gerald Hugo

Jasa Marga (JSMR) is a state-owned enterprise (SOE) holding company involved in the toll road business

Infra Engineering Construction JSMR JK JSMR IJ Jupriadi Tan Gerald Hugo

DRMA margins have deteriorated in the past two quarters due to low production volume.

Autos Auto Parts DRMA JK DRMA IJ Jupriadi Tan Gerald Hugo

Astra Otoparts continues to show resilient earnings, which were driven by its trading

Autos Auto Parts AUTO JK AUTO IJ Jupriadi Tan Gerald Hugo

In autos, as discussed in our previous Anchor Report, Shifting gears —

Autos ASII ASII JK ASII IJ Jupriadi Tan Gerald Hugo