CTRA – Optimistic Marketing Sales Target will be Achieved
In 2Q21, CTRA successfully booked a net profit of IDR240 billion (vs net loss of IDR8 billion in 2Q20). Boosted by a
BBYB – Transformation to Digital Banking
Over the last 2 years, BBYB has undergone major changes in ownership The two previous main shareholders, Gozco Capital
PWON – Challenges from Falling Occupancy Rate
PWON booked total revenue of IDR1.34 trillion (315.2% YoY) in 2Q21. Development and recurring income also grew 676.1%
ACES – Hindered by Temporary Store Closures
We believe ACES will be conservative in the near future given the uncertainty surrounding the recovery pace of consumer
ERAA – Aggressive Expansion Plan
ERAA closed 2Q21 with a strong performance. It was supported by a combination of Lebaran season and robust performance
BSDE – Marketing Sales Growth Momentum
BSDE recorded 2Q21 top line increase of 88.2% YoY. Housing and building sales also jumped 115% YoY due to the low based
MYOR – Decent Performance Despite Lower Margin
MYOR’s 2Q21 results were decent amid unfavorable conditions. However, we are concerned with MYOR’s performance in the
BMRI – Solid Growth Across the Board
Bank Mandiri Tbk (BMRI) successfully booked net profit of IDR 12.5 trillion in 1H21, or up 21.5% yoy. This increase was
SMGR – Lower Financial Costs, Boosts Performance
SMGR's revenue and profit in 2Q21 both grew 9.3% YoY and 4.2% YoY. Export sales volume increased 35.5% YoY. However,
