17 November 2020
GGRM reported solid revenue growth on the back of decent performance from both segments – hand rolled cloves and machine rolled cloves. Meanwhile, GGRM has declared not to distribute dividend this year and settled short term loan which resulted in improvement of DER.
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17 November 2020
MIKA booked net income of IDR 570 Bn in 9M20 or a slight decline of –2.9% yoy. However, performance improved greatly on a quarterly basis with 3Q20 net income jumped 160% to IDR 253 Bn (vs IDR 97 Bn in 2Q20). Declining volume from patient admissions and visits were able to be balanced out by increases in average spending.
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16 November 2020
SMGR booked an income of IDR9.59 trillion (-18.5% YoY, +28.9% QoQ). GPM, OPM, and NPM reached record numbers in 3Q20, as SMGR succeeded in executing cost efficiency. However, until the end of the year, SMGR’s sales was faced with challenges such as rainy season and long holiday. We predict sales and performance will be better next year, as Indonesian economy recovers and the boost for infrastructure and construction sector starts.
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16 November 2020
BBNI's net interest income (NII) was stagnant at IDR 26.6 trillion in 3Q20, compared to 3Q19. This resulted in net income of IDR 4.3 trillion, lower 64% YoY than in 3Q19 at IDR 11.9 trillion.
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13 November 2020
TLKM booked 1.3% QoQ increase in quarterly income. The income growth cannot be separated from the solid Indihome contribution that booked 16.1% growth YoY and 8.5% QoQ. We see the company continue to focus on efficiency, proven by the increase in operating profit margin, and net profit to 52.9% and 11.0%.
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