We hosted several property companies for discussions around recent results and the outlook for property compan

Property Gerald Hugo Felix Justin Jupriadi Tan

As of Oct-24, the government introduced several regulations that will benefit the local ceramic industry,

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

Concerns have arisen about AMRT's profitability margins following market speculation of potential changes to t

Consumer Related AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian

We hosted several investor meetings at our annual Verdhana-Nomura Conference on 7-8 Nov 2024. The companies in

Metals Mining Michael Wildon Edward Prima

We compile Indonesia equities’ 9M24 results and provide a bottom-up assessment of which ones were above/in-lin

Equity Strategy Gerald Hugo Jupriadi Tan

XL Axiata released soft 3Q24 operating results, with 3Q24 profit at IDR292bn (-40% q-q, -21% y-y).

Telecoms EXCL EXCL JK EXCL IJ Nicholas Santoso Erwin Wijaya

Indonesia market view: While the current knee-jerk weakness has been expected, we recommend investors to not j

Equity Strategy Gerald Hugo Jupriadi Tan

One of the key projects from Indonesia’s new government is the Nutritious Meal Program (NMP)

Equity Strategy Gerald Hugo Jupriadi Tan

Indonesia’s automotive and transport sector has reported relatively strong results for 9M24 despite weak 4W s

Autos Auto Parts Jupriadi Tan Gerald Hugo

In this note, we look at the 9M24 consolidated results of the major Indonesia banks under our coverage.

Banks Nicholas Santoso Erwin Wijaya

Overall, the results were in line with our expectations, as we believe that 2Q24 marked the lowest margin poin

Retail MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian

In this note, we look at 9M24 results from major Indonesia telecom towercos,

Telecoms Nicholas Santoso Erwin Wijaya

Overall listed FMCG firms’ sales growth hovered at 10.9% y-y in 3Q24 (vs 3.9% in 3Q23),

Food Beverage FMCG Sandy Ham Jody Wijaya Samuel Christian

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

We believe the overall 3Q24 results were in line with our estimates. Historically,

Consumer Related AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian