Expect Some Outturn in 2H23 given Eased Headwinds Key Takeaways :▪️ARNA’s 1Q23 revenue stood at IDR659.8bn (+13.1% QoQ/-11.3% YoY). The...
Read MoreBalancing Growth through FTTT Key Takeaways :• TOWR reported a single digit revenue growth of 9.4% YoY in 1Q23, totaling IDR2.9 tn, driven...
Read MorePost-merger value creation delivered, initiate with BUY rating Key Takeaways :• BRIS IJ as the largest domestic sharia bank aims to capture...
Read MoreSolid Quarterly Result in The Last 5 Years Key Takeaways :▪️ BSDE IJ recorded a marketing sales growth of 2.9% QoQ or IDR2.1tn in 1Q23,...
Read MoreDe-Stressing as Higher Profitability Given Margins Improved Key Takeaways :▪️ GGRM’s revenue in 1Q23 was relatively flat (+1.5% YoY) at...
Read MoreAnticipating Mining Sector Boost Key Takeaways : • In 1Q23, AKRA managed to record a revenue of IDR11.0 tn (+8.1% YoY), driven by...
Read MorePositioned Ahead of The Upturn Key Takeaways :▪️ In 1Q23, INTP managed to secure a revenue of IDR4.2tn, surging +19.3% YoY (vs IDR3.6tn in...
Read MoreEnsuring Recovery on Course Key Takeaways :▪️HMSP posted a revenue of IDR27.0tn in 1Q23, or increased +3.1% YoY, thanks to higher ASP blended...
Read MoreRadical Profit Formula Successfully Executed Key Takeaways :▪️GOTO achieved a positive contribution margin (CM) of IDR636 bn in 1Q23, with...
Read MoreAdjusting our Target Price to reflect sensitivity to Cost of Equity Key Takeaways :▪️BBNI posted net income of IDR5.2tn in 1Q23 (+13.0%...
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