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04 Jan 2021

ACES – Gradual Recovery in Sales

ACES showed improving profitability in 3Q20 despite the reimpose of large-scale social restriction. We expect ACES could

28 Dec 2020

ADRO – Modest Performance During the Pandemic

In 3Q20, ADRO recorded a modest performance with net loss of USD47 million or -180% QoQ (-142% YoY). Meanwhile, in 9M20

18 Dec 2020

AALI – Soaring Financial Performance in 3Q20

In 3Q20, AALI managed to record financial performance that grew beyond expectations, posting bottom line of IDR210

18 Dec 2020

JSMR – Toll Road Segment Recovery Grows Faster

JSMR's revenue improved during 3Q/20, with an increase of +45.3% QoQ. The toll road segment contributed 62.3% to the

17 Dec 2020

MAPI – Positive Sign of Improvement

A significant quarterly improvement in 3Q20 has proven that management succeeded to overcome the challenging situation.

17 Dec 2020

CTRA – Focus on Existing Projects

In 3Q20, CTRA booked an income of IDR1.43 trillion (+11% QoQ, -4.9% YoY) or 19.6% higher than our estimates. However,

10 Dec 2020

HMSP – 3Q20 Result Driven By Volume Growth Recovery

HMSP’s performance in 3Q20 improved on quarterly basis, mainly driven by sales volume recovery in both SKM and SKT

30 Nov 2020

BBRI – Micro Segment Leads Credit Expansion

BBRI booked a net profit of IDR 3.8 trillion for the 3Q20 period. This figure significantly grew compared to previous

27 Nov 2020

INTP – Higher Manufacturing Efficiency Boosts 3Q20 Performance

INTP’s performance in 3Q20 improved on a quarterly basis. Both top line and bottom line booked increases of 41.3% QoQ

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