Company Update

29 Mei 2023

ARNA IJ - MNC Sekuritas Equity Report May 29, 2023

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...

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19 Mei 2023

TOWR IJ - MNC Sekuritas Equity Report May 19, 2023

Balancing Growth through FTTT Key Takeaways :• TOWR reported a single digit revenue growth of 9.4% YoY in 1Q23, totaling IDR2.9 tn, driven...

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15 Februari 2023

BRIS IJ - MNC Sekuritas Initiate Report February 15, 2023

Post-merger value creation delivered, initiate with BUY rating Key Takeaways :• BRIS IJ as the largest domestic sharia bank aims to capture...

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11 Mei 2023

BSDE IJ - MNC Sekuritas Equity Report May 11, 2023

Solid 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,...

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10 Mei 2023

GGRM IJ - MNC Sekuritas Equity Report May 10, 2023

De-Stressing as Higher Profitability Given Margins Improved Key Takeaways :▪️ GGRM’s revenue in 1Q23 was relatively flat (+1.5% YoY) at...

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09 Mei 2023

AKRA IJ - MNC Sekuritas Equity Report May 9, 2023

Anticipating Mining Sector Boost  Key Takeaways : • In 1Q23, AKRA managed to record a revenue of IDR11.0 tn (+8.1% YoY), driven by...

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08 Mei 2023

INTP IJ - MNC Sekuritas Equity Report May 8, 2023

Positioned 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...

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05 Mei 2023

HMSP IJ - MNC Sekuritas Equity Report May 5, 2023

Ensuring Recovery on Course Key Takeaways :▪️HMSP posted a revenue of IDR27.0tn in 1Q23, or increased +3.1% YoY, thanks to higher ASP blended...

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02 Mei 2023

GOTO IJ - MNC Sekuritas Equity Report May 2, 2023

Radical Profit Formula Successfully Executed Key Takeaways :▪️GOTO achieved a positive contribution margin (CM) of IDR636 bn in 1Q23, with...

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28 April 2023

BBNI IJ - MNC Sekuritas Equity Report April 28, 2023

Adjusting 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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