Company Report
29 October 2026
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
BBCA continued to deliver resilient earnings in 9M26, with profit growth gaining moment...
12 April 2021
While we predict rising raw material price and weakening IDR will still continue this year, strong sales contribution from Pinehill succeeded in boosting sales and margin in 4Q20. Thus, we maintain BUY recommendation.
5 April 2021
PTPP had a declining performance in FY20. Revenue and profit fell 36% YoY and 86% YoY. Meanwhile, PTPP managed to acquire new contracts worth IDR22.26 trillion or 87% of its target. This year, PTPP will focus on gaining new contracts from the infrastructure segment which projected to grow 107.25% YoY. We estimate this year’s contract achievement to increase by 26.7% YoY.
1 April 2021
PURA posted a solid financial performance throughout 2020, marked by an increase in revenue (+8.5% yoy) and net profit (+32% yoy). The company will become an important player in the national logistics ecosystem, as a solution to the high cost of logistics in Indonesia. By continuing its fleet expansion plan and applying operational cost efficiencies, the company aims for high performance growth to continue.
22 March 2021
In 2020, PTBA managed to record a top line of IDR17.3 trillion or down by 20.5% YoY and 2.7% below our expectations. It resulted in bottom line of IDR2.4 trillion, or decline significantly by 41.2% YoY driven by decrease in ASP and lower coal production. We upgrade recommendation to BUY with higher Target Price at IDR3,280.
15 March 2021
Throughout 2020, BMRI booked a -37.7% YoY net profit decline; to IDR 17.1 Tn (vs IDR 27.5 Tn in FY19). On top line side, non-interest income performed well, which grew by 4.9%. Facing 2021, the management will focus on the recovery of Net Interest Margin (NIM) and asset quality, with single digit credit growth target.
