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...

1 December 2021

ERAA – Continue on Growth Path

ERAA recorded positive performance sales growth during 3Q21, supported by all business segments. We remain optimistic with ERAA due to its strategy to strengthen F&B portfolio and aggressive expansion.

1 December 2021

ANTM – Solid Earnings Driven by Stable Gold Price

ANTM posted a strong 9M21 earnings with revenue grew by 46.7% YoY to IDR 26.5 trillion and net earnings rose 104.1% YoY to IDR 1.71 trillion. ANTM's better-than-expected results were on the back of surging global gold price (4.4% from July to August) after The Fed’s tapering announcement. This also helped increase ASP by 1.7% throughout Q3-21 and boosted ANTM’s domestic gold sales volume by 34.3% YoY.

1 December 2021

PWON – Economic Recovery Boosts Recurring Income

In 3Q21, PWON booked a profit of IDR257 billion (+117.8% YoY). Meanwhile, real estate sales that went up 102.5% YoY boosted the company’s revenue to IDR1.32 trillion (+23.9% YoY). If the relaxation of PPKM continues well into 2022, PWON will benefit from it, since the company has a larger recurring income contribution than other property issuers.

26 November 2021

BBRI – Supported by Lower Cost of Fund

Until 3Q21, BBRI booked a consolidated loan growth of 9.74% YoY to IDR1,026 trillion. This figure was supported by the Micro, Small and Medium Enterprises (MSME) that grew 12.5% YoY to IDR848.6 trillion. The increase boosted BBRI’s MSME portion to 82.67% of total loan, while corporate loans were booked at IDR177.84 trillion.

23 November 2021

MAPI – Recovery in Sight

MAPI booked underwhelming earnings due to negative SSSG in 3Q21. But, this performance was in line with our expectations considering stricter PPKM implementation. Going forward, company’s turnaround story is still intact with the festive season ahead and gradually lifted restriction.

Company Report

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

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

ERAA – Continue on Growth Path

ANTM – Solid Earnings Driven by Stable Gold Price

PWON – Economic Recovery Boosts Recurring Income

BBRI – Supported by Lower Cost of Fund

MAPI – Recovery in Sight

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