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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
  • Bank Central Asia (BBCA IJ) (Buy) - Jan-25 result: Decent start

    EW

    BBCA kicked off 2025 with decent bank-only Jan-25 results with headline profit of IDR4.7tn (+6% y-y).

    BANKS BBCA BBCA JK BBCA IJ Erwin Wijaya

    6 months ago
  • Mulia Boga Raya (KEJU IJ) (Neutral) - Significant earnings estimate hike

    SH JW SC

    We raise our FY24F and FY25F earnings by 22% and 15%, respectively,

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

    6 months ago
  • Bank Rakyat Indonesia (BBRI IJ) (Buy) - Slow growth outlook

    EW

    We believe BBRI will still face the issue of maturing micro/ultra-micro loans.

    BANKS BBRI BBRI JK BBRI IJ Erwin Wijaya

    6 months ago
  • Indonesia IT Services - Steady as it goes

    JT DT GH

    We initiate coverage of Metrodata Electronics (MTDL) and Mastersystem Infotama (MSTI) with Buy ratings,

    TECHNOLOGY Jupriadi Tan David Tjahjadi Gerald Hugo

    6 months ago
  • AKR Corporindo (AKRA IJ) (Buy) - Growth tailwinds ahead

    JT DT GH

    AKRA’s share price has declined by -19% over the past three months,

    POWER AND UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo

    6 months ago
  • Bank Rakyat Indonesia (BBRI IJ) (Buy) - FY24 profit flat y-y, as expected

    EW

    We previously highlighted that BBRI might face maturing micro/ultra-micro segments,

    BANKS BBRI BBRI JK BBRI IJ Erwin Wijaya

    6 months ago
  • Bank Tabungan Negara Persero (BBTN IJ) (Neutral) - 4Q24 Results: a miss

    BBTN reported 4Q24 net profit (NP) of IDR925bn (+59% q-q; -22% y-y).

    BANKS BBTN BBTN JK BBTN IJ Erwin Wijaya

    6 months ago
  • Indonesia Retailers - Indonesia retailers 4Q24F preview

    JW SH SC

    We anticipate limited upside surprises in the retailers’ 4Q24F results,

    RETAIL Jody Wijaya Sandy Ham Samuel Christian

    6 months ago
  • Indonesia FMCG - 4Q24 results preview and Jan-25 sales run-rate

    SH JW SC

    We believe competitive pricing and strong branding remain the best catalysts to succeed in the Indonesia FMCG

    FOOD And BEVERAGE Sandy Ham Jody Wijaya Samuel Christian

    6 months ago
  • Indosat (ISAT IJ) (Buy) - Soft 4Q24 results, as expected

    EW

    ISAT released expected 4Q24 results, with headline profit of IDR1.0tn (-10% q-q).

    TELECOMS ISAT ISAT JK ISAT IJ Erwin Wijaya

    6 months ago
  • Bank Mandiri (BMRI IJ) (Buy) - Earnings update, TP adjustment

    EW

    Post FY24 results, we revise our FY25-26F earnings estimates.

    Banks BMRI BMRI JK BMRI IJ Erwin Wijaya

    6 months ago
  • Indonesia Equity Strategy - Indonesia Flow Radar January 2025

    NG DT JT GH

    Indonesia Flow Radar is a report series in which we track stock ownership

    Equity Strategy Nicholas Goei David Tjahjadi Jupriadi Tan Gerald Hugo

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

    SH JW SC

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

    General Consumer CMRY CMRY JK CMRY IJ Sandy Ham Jody Wijaya Samuel Christian

    6 months ago
  • Bank Syariah Indonesia (BRIS IJ) (Buy) - Solid FY24 results

    EW

    BRIS continued to deliver solid 4Q24 results with headline profit of IDR1.9tr (+11% q-q / +26% y-y),

    Banks BRIS BRIS JK BRIS IJ Erwin Wijaya

    6 months ago
  • XL Axiata (EXCL IJ) (Buy) - EXCL – Post FY24 results update

    EW

    XL released its FY24 results which showed punchy performance.

    Telecoms EXCL EXCL JK EXCL IJ Erwin Wijaya

    6 months ago

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