PWON – Economic Recovery Boosts Recurring Income
In 3Q21, PWON booked a profit of IDR257 billion (+117.8% YoY). Meanwhile, real estate sales that went up 102.5% YoY
BBRI – Supported by Lower Cost of Fund
Until 3Q21, BBRI booked a consolidated loan growth of 9.74% YoY to IDR1,026 trillion. This figure was supported by the
MAPI – Recovery in Sight
MAPI booked underwhelming earnings due to negative SSSG in 3Q21. But, this performance was in line with our expectations
BMRI – Asset Quality Improves and CoF Down
Bank Mandiri Tbk (BMRI) managed to book a net profit of IDR 19.3 trillion in 9M21, an increase of 37.1% YoY. This
PTPP – Targeting National Strategic Project (PSN) Contracts
In 3Q21, PTPP booked a +45.2% YoY increase in revenue. Meanwhile, profit jumped 316% YoY. PTPP revised down the new
INCO – Solid Earnings Supported by Global Nickel Price
INCO posted a robust sales of US$687.2 million and net earnings of US$122.3 million in 9M-21. The result was supported
MIKA – Facing Earnings Normalization
MIKA continues to booked solid performance in 9M21 with strong growth in both inpatient and outpatient segments. For
BBNI – Supported by Higher CASA Ratio
BBNI booked a net profit of IDR 7.7 trillion throughout 9M21, or 79.4% of our estimates of IDR 9.7 trillion. The
MYOR – Margins Suppressed by Higher Raw Material Costs
MYOR’s 3Q earnings and margins came out weak due to higher commodity prices and stricter restriction of public
