Company Report

29 October 2026

XA UPDATE REPORT | Aneka Tambang Tbk. (ANTM) &#...

ANTM’s 9M26 results were in line, with revenue of IDR 88.48 tn (+22.8% YoY, 74.3% of ou...

Company Report

29 October 2026

XA Update Report | PT Bank Central Asia Tbk. (B...

BBCA continued to deliver resilient earnings in 9M26, with profit growth gaining moment...

31 January 2022

HMSP – Excise Tax Hike Causes Downtrading Effect

The increase in excise tax resulted in the uptick in retail selling price, causing consumers to shift to more affordable price.

12 January 2022

WIKA – Better Performance, New Contracts Still Lagging

WIKA booked significant quarterly growth, marked by an increase in revenue (+71.7% QoQ) and net profit (+305.7% QoQ).

12 January 2022

UNVR Will Strengthens Position in Premium Segment

In 3Q21, UNVR still booked lower revenue and net profit. The Food and Refreshment were able to grow, but could not support UNVR’s overall performance. In the future, the company plans to expand its business portfolio into the premium segment.

20 December 2021

ICBP – Supported by Topline Growth

ICBP closed 9M21 with an impressive performance. Despite the implementation of stricter public activity restrictions, the company achieved double digit revenue growth in almost all segments. As such, we expect the sales figure continue to remain strong in the upcoming quarter.

17 December 2021

SMGR – Facing Higher Costs

While SMGR recorded significant growth in 3Q21, YTD performances were slightly down compared to last year. The cement industry is faced with higher coal prices; which posed significant challenges to its profitability. Going forward, SMGR will still rely on the possible extension on favourable government incentives, such as: Cap on coal prices and Government-borne VAT on houses.

Company Report

XA UPDATE REPORT | Aneka Tambang Tbk. (ANTM) &#...

XA Update Report | PT Bank Central Asia Tbk. (B...

HMSP – Excise Tax Hike Causes Downtrading Effect

WIKA – Better Performance, New Contracts Still Lagging

UNVR Will Strengthens Position in Premium Segment

ICBP – Supported by Topline Growth

SMGR – Facing Higher Costs

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