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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

Home   /   Latest Research
  • Sariguna Primatirta (CLEO IJ) (Buy) - Excellent performance continues

    SH JW SC

    CLEO booked strong 4Q24 sales growth of 23% y-y,

    FOOD AND BEVERAGE CLEO CLEO JK CLEO IJ Sandy Ham Jody Wijaya Samuel Christian

    5 months ago
  • Indonesia Equity Strategy - Maxed out fear

    JT GH DT FJ

    We are turning positive on the Indonesian equity market.

    EQUITY STRATEGY Jupriadi Tan Gerald Hugo David Tjahjadi Felix Justin

    5 months ago
  • Midi Utama Indonesia (MIDI IJ) (Buy) - Recovery in motion

    JW SH SC

    MIDI’s top line expanded by 15% y-y, driven by strong performance ex-Java (+23% y-y).

    RETAIL MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian

    5 months ago
  • Sumber Alfaria Trijaya (AMRT IJ) (Buy) - Resetting expectations

    JW SH SC

    AMRT’s sales growth in 2024 remained solid at +10% y-y,

    CONSUMER RELATED AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian

    5 months ago
  • Indonesia Banks - Stable liquidity

    EW

    Over the past year, major Indonesian banking stocks have faced selling pressure owing to several factors.

    BANKS Erwin Wijaya

    5 months ago
  • Bank Rakyat Indonesia (BBRI IJ) (Buy) - Feb-25: Improving monthly CoC

    EW

    BBRI released its bank-only Feb-25 results.

    BANKS BBRI BBRI JK BBRI IJ Erwin Wijaya

    5 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

    5 months ago
  • Indonesia Flow Radar - Feb-25 Funds: Another low for AUM and cash

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    In this Flow Radar, funds edition, we assess the cash positions and top 10 holdings of funds in January and Fe

    EQUITY STRATEGY David Tjahjadi Nicholas Goei Jupriadi Tan Gerald Hugo

    5 months ago
  • Bank Central Asia (BBCA IJ) (Buy) - Decent YTD Feb-25 results

    EW

    BBCA just released its bank-only Feb-25 results. Given that February is shorter than other months,

    BANKS BBCA BBCA JK BBCA IJ Erwin Wijaya

    5 months ago
  • Indonesia FMCG - Five weaknesses of Chinese FMCG companies in Indonesia

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    We write this report to respond to investors’ concerns about Chinese FMCG companies competing in Indonesia.

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    5 months ago
  • Indonesia Retailers - Cultural exports as a form of influence

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    For decades, East Asian popular culture, including K-pop, K-dramas, and anime, has thrived domestically.

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    5 months ago
  • Indonesia Mining - Royalty proposal: Good for coal, bad for minerals

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    The Indonesian government recently announced a proposal to revamp the royalty schemes for natural resources.

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    4W sales rebounded in February 2025, driven by IIMS (Indonesia International Motor Show) expo;

    AUTOS AND AUTO PARTS Jupriadi Tan David Tjahjadi Gerald Hug

    5 months ago
  • Indonesia Telecom - Fragile equilibrium

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    Across major telcos, we anticipate growing efforts to foster a healthier market environment.

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  • XL Axiata (EXCL IJ) (Buy) - EXCL x FREN: An update on the merger plan

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    EXCL and FREN (FREN IJ, Not rated) had in 2024 officially announced a definitive agreement for a proposed merg

    TELECOMS EXCL EXCL JK EXCL IJ Erwin Wijaya

    5 months ago

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