Company Report
6 May 2026
KLBF’s 1Q26 revenue grew +10% YoY (+4% QoQ) to IDR 9.7 trillion — in line with our esti...
Company Report
5 May 2026
AVIA started the year on a strong note, recording 1Q26 sales of IDR 2.3T (+16.8% YoY) a...
6 May 2026
KLBF’s 1Q26 revenue grew +10% YoY (+4% QoQ) to IDR 9.7 trillion — in line with our estimates and representing 25% of our FY26F revenue forecast, a healthy quarterly run-rate.
5 May 2026
AVIA started the year on a strong note, recording 1Q26 sales of IDR 2.3T (+16.8% YoY) and fulfilling 28.1% of our FY26 estimates.
5 May 2026
BBNI recorded 1Q26 performance with net profit growing to IDR 5.66T (+5.2% YoY, +14.9% QoQ), equivalent to 27.4% of our FY26 estimate (NHKSI Est for FY26: IDR 20.66T).
4 May 2026
BBCA delivered resilient 1Q26 results with net profit growing 3.8% YoY and 3.8% QoQ to IDR 14.7T (1Q25: IDR 14.1T & 4Q25: IDR 14.1T), underpinned by PPOP of IDR 19.3T (+4.8% YoY, +6.6% QoQ), as non-interest income grew 14.2% YoY — though moderating 3.1% QoQ — while Net Interest Income (NII) remained flat YoY and eased 2.3% QoQ to IDR 21.1T in 1Q26, compressing NIM to 5.4% (1Q25: 5.8% & 4Q25: 5.4%).
4 May 2026
We initiate coverage with a BUY rating, supported by strong earnings momentum, rising exposure to data center projects, solid execution backed by digitalization, and a debt-free balance sheet enabling further project expansion.
