BBCA – 9M20 Review: Solid Capital and PPOP
Although BBCA loans decreased by 0.6% YoY to IDR 581.8 trillion, corporate segment still grew 8.6% YoY to IDR 251.9
PWON – Top Line Increases, Indicates Business Recovery
PWON booked an impressive 3Q20 income at IDR1.07 trillion or +10.9% above our estimates and increased 231% QoQ. The gain
EXCL – Top & Bottom Line Growth in 3Q20
EXCL booked excellent performance in 3Q/20 by recording growth in quarterly income and net profit by 1.7% YoY and 53.5%
GGRM – 3Q20 Performance Driven By Robust Top Line Growth
GGRM reported solid revenue growth on the back of decent performance from both segments – hand rolled cloves and machine
MIKA – Inpatient Segment Supports Recovery
MIKA booked net income of IDR 570 Bn in 9M20 or a slight decline of –2.9% yoy. However, performance improved greatly on
SMGR – Increasing Margin, Profit Higher Than Expected
SMGR booked an income of IDR9.59 trillion (-18.5% YoY, +28.9% QoQ). GPM, OPM, and NPM reached record numbers in 3Q20, as
BBNI – Credit Growth with Declining Cost of Fund
BBNI’s net interest income (NII) was stagnant at IDR 26.6 trillion in 3Q20, compared to 3Q19. This resulted in net
TLKM – Solid Surge in Indihome Contribution
TLKM booked 1.3% QoQ increase in quarterly income. The income growth cannot be separated from the solid Indihome
KLBF – Prepping Up for Softer Growth
KLBF reported top line below our expectation, mainly due to a relatively slower pace growth in some segments. With the
