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
BBCA – Best Loan Growth in 3Q21
BBCA recorded 9M21 net profit of IDR 23.2 trillion, achieving 70% of our estimates, as it succeeded in lowering interest
SIDO – New Products Contribute to Sales Growth
SIDO closed 3Q21 with an impressive sales performance, supported by higher demand in herbal segment and supplements. We
PTBA – Cost Control and Coal Price Keep a Bright Outlook
Rising coal prices creates brighter outlook for operational performance in 6M-21. Overall, exports to primary consumers
ADRO – Rising Coal Prices Propel Earnings Prospects
ADRO’s performance in 6M-21 indicates major growth with 14.2% YoY increase in revenue and 9.6% YoY decrease in the
WIKA – Gearing Ratio Level Still Maintained
WIKA recorded 1H21 revenue of IDR6.76 trillion, or down 5% YoY, due to delays from the project owner's side for some
BBNI – Solid Performance Growth, Provision Still Rising
BBNI recorded solid performance recovery in 1H21, with increases in top-line from both interest and non-interest
MAPI – Expanding Product Portfolios
MAPI closed 2Q21 with an exciting performance, mainly driven by SSSG improvement and extensive margin expansion. We also
ICBP – Modest Performance amid Declining Margin
ICBP closed 2Q21 with a modest performance, with declining margin across the board due to rising material costs. The
