INDF – Solid Growth Outlook
INDF experienced relatively modest performance of sales and net foreign exchange loss during the quarter. Nonetheless,
ICBP – Hoping for Better Performance
In 3Q20, ICBP recorded soft performance due to weak purchasing power in domestic market. Meanwhile, ICBP earning had
PTBA – Modest Performance Affected by Coal Prices
In 3Q20, PTBA managed to book a net profit of IDR439 billion or equal to +14% QoQ although on year-on-year period, it is
ISAT – Waiting for Merger Realization
The cellular segment was one of the segments that recorded growth, while intense competition making the company's
BSDE – Margin Increases, Performance Recovers
BSDE books performance recovery in 3Q20. Income was recorded at IDR1.94 trillion (+19.2% YoY, +131% QoQ) supported by
ACES – Gradual Recovery in Sales
ACES showed improving profitability in 3Q20 despite the reimpose of large-scale social restriction. We expect ACES could
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
AALI – Soaring Financial Performance in 3Q20
In 3Q20, AALI managed to record financial performance that grew beyond expectations, posting bottom line of IDR210
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
