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...
14 August 2020
GGRM showed its ability to endure the tough quarter, even though the outlook is a bit more muted than last year. Our new estimates suggest lower growth in top line and bottom line for FY20F, as we factor in excise tax hikes issues linger coupled with softer purchasing power.
14 August 2020
LSIP posted 1H20 net profit of IDR92 billion or jumped 778% YoY, contributing to 32% of our 2020F revised target but below our expectation by around 24%. ASP increase of 21% YoY, forex gain, and lower expenses drove an improvement in margins despite lower CPO production. We cut our 2020F estimates because of a modest 1H20 performance. However, we still maintain BUY recommendation for LSIP.
12 August 2020
BBCA recorded a decrease in net income to IDR12.2 trillion in 1H20 from the previous IDR12.8 trillion in 1H19.
12 August 2020
Along with the high contribution of tower leases from Telkomsel and Indosat of 39.8% and 21.4%, TBIG was able to record revenue growth of IDR2.6 trillion in 1H20, up 13.2% YoY. The OPEX, which was successfully maintained, was able to make the company's net profit soar to IDR510 billion, up by 33.6% YoY.
7 August 2020
AALI reported 1H20 net profit of IDR391 billion or jumped 769% YoY, contributing to 72% of our 2020F target. ASP increase of 25.9%, lower tax rate, and cost efficiency were the main factors of solid performance despite the drop of FFB production by around 8.1% YoY. Maintain our 2020F estimates by factoring in recovery of demand and earnings growth. We continue a BUY recommendation for AALI.
