WIKA – New Contract Optimalization
WIKA booked a net profit of IDR151 billion (-75% YoY) or -27% from our expectations. Construction sector, which is still
ICBP – Maintaining Positive Momentum from Acquisition
In the middle of an unprecedented pandemic, ICBP still enjoyed stronger earnings growth along with revenue growth. We
TOWR – Satisfactory Performance During PSBB
The PSBB period was a positive wind for the tower industry. It can be seen that TOWR's growing revenue was driven by the
ANTM – Performance Above Expectations
ANTM posted a net profit of IDR85 billion in 1H20 and outperformed our expectations. In 2Q20, ANTM recorded a net profit
BBNI – An Attractive Valuation with Low Cost of Fund
Allowance for impairment losses, which increased the provision fee up to 88.2% YoY, pushed down BBNI's net profit by
PTPP – 2Q20 Performance, Bottom-Line Touches Lowest Level
PTPP posted a 2Q20 profit of IDR3 billion (-98.6% YoY), which is the company's deepest bottom-line decline. Even though
JSMR – 1H20 Performance Depressed, Impacted by PSBB
The decline in the company's 1H20 performance, in-line with our estimates, resulted from the impact of PSBB
ASII – Tailing Economic Recovery Momentum
In 1H20, ASII booked a decline in total revenue to IDR 89.8 trillion, down by 22.7% from the same period last year at
TINS – Performance Gradually Improved
TINS posted a net loss of IDR390 billion in 1H20 but improved quarterly as the company recorded revenue recovery with a
