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25 Sep 2020

CTRA – Strategizing to Attract Homebuyers

CTRA's performance in 2Q20 was supported by revenue from the development segment with an 89% contribution. The Landed

23 Sep 2020

CPIN – Looking Forward to Price Recovery

PSBB impacts the poultry sector, with the decrease of demand for chicken meat and egg resulting in the company’s sales

INCO - VALE
23 Sep 2020

INCO – Solid Earnings in The First Semester

INCO posted a net profit of USD53 million in 1H20 and in-line with our expectation. The result was supported by higher

23 Sep 2020

BMRI – Liquidity Excess to Support Expansion

BMRI’s current liquidity is fairly relaxed, in line with the gradually decreasing Loan to Deposit Ratio (LDR). As of

22 Sep 2020

ERAA – Growth Slips, but Expect Gradual Recovery in 2H

ERAA posted below-expected performance throughout the second quarter, which mainly due to store closures and a sharp

18 Sep 2020

PWON – Hit by PSBB Tightening

The strict PSBB (Large-Scale Social Restrictions) period in 2Q20 caused PWON's revenue to fall to IDR324 billion (-82.2%

15 Sep 2020

PGAS – Lower Results than Expected

PGAS reported 1H20 net profit of USD6.8 million or declining 88% YoY which means operational results still below our

15 Sep 2020

MAPI – Overshadowed by a Prolonged PSBB

Retail has been one of the industries being hit the hardest by the pandemic, especially during 2Q20. However, we still

15 Sep 2020

EXCL – PSBB Positively Impacting Data Segment

EXCL booked growth in data segment by 16.5% YoY. The segment manages to jump significantly due to PSBB that forces

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