UNVR – Margin Improvement Amid Lower Topline
Despite booking soft revenue numbers, UNVR succeeded to record margin improvement in 3Q20. When looking into 3Q20
PTPP – Relying on Divestment Realization
PTPP’s performance in 3Q20 was under below expectations. PTPP recorded an income of IDR3.27 trillion (-38.7% YoY, -2%
TOWR – Promising Long Term Contracts
TOWR booked continuous positive performance in Q3/2020. The company’s income came from an increase in tower tenancy
BMRI – High Liquidity for Lower Cost of Funds
BMRI booked a net income of IDR14 trillion in 9M20 or 82% of our FY20E estimate. High liquidity with 84.4% LDR, but with
WIKA – Books First Net Loss in 3Q20
In 3Q20, WIKA booked an income of IDR3.25 trillion (-53% YoY, +11% QoQ). However, the high financial cost of IDR397
ASII – Recovery in Auto Sales, Agribusiness Leads Growth
Significant Improvement in 3Q20 Results. ASII booked net revenue of IDR 40,554 Bn in Q3/2020 (up 13.3% QoQ) which
TBIG – Bottom Line Still as Expected
The company's performance grew, driven by an increase in tower leases by TRI and FREN, which recorded growth of 57.0%
SIDO – 3Q : Herbal Demand Show Sign of Recovery
SIDO managed to record outstanding performance, despite uncertainty situation. On a more positive note, we believe
UNTR – The Prospect of Coal Still Sluggish
In 1H20, UNTR’s net profit was down 28.3% YoY with lower revenue from construction machinery and mining contraction. Low
