Friday, 11 July 2025
IHSG
7045.27
+39.9 (0.57%)

Latest Research

Jasa Marga (JSMR IJ): Neutral impact from corporate action
2025-07-07 14:06:16

Jasa Marga (JSMR IJ)
BUY / TP: IDR:5,330 (+49.3%)
Analyst: Chandra Pasaribu

Neutral impact from corporate action
• Buffers subsidiaries’ cash flow
• Neutral impact from tariff discount
• Tariff adjustment is on track
• Re-iterate BUY – TP IDR5,330

Read More
Indonesia Banking Industry: BBCA retains earnings outperformance
2025-07-02 14:46:32

Indonesia Banking Industry
Analyst: Yap Swie Cu

BBCA retains earnings outperformance
• BBCA leads in profit growth
• BBRI remains under margin pressure
• Mixed performance across BMRI, BBNI, BBTN, and BRIS
• BBCA remains our top pick

Read More
Bank Mandiri (BMRI IJ): Profit slightly rebounds in May
2025-06-26 10:56:33

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:7,800 (+59.8%)
Analyst: Yap Swie Cu

Profit slightly rebounds in May
• Rebound in May profit
• Less aggressive lending, focus on liquidity improvement
• Soft 2Q25 results expected
• Re-iterate BUY on undemanding valuation and strong fundamentals

Read More
Trimegah Bangun Persada (NCKL IJ): Plays it safe amid uncertainty
2025-06-25 10:40:37

Trimegah Bangun Persada (NCKL IJ)
BUY / TP: IDR:1,200 (+81.8%)
Analyst: Alditya Galih Ramadhan

Plays it safe amid uncertainty
• Elevate production growth for this year
• Stay vigilant on the expansion
• Confidence boosted on shares paired with ESG review
• Maintain our TP at IDR1,200

Read More
Pertamina Geothermal (PGEO IJ): Expansion on track
2025-06-24 11:01:17

Pertamina Geothermal (PGEO IJ)
HOLD-OPF / TP: IDR:1,370 (+3.8%)
Analyst: Chandra Pasaribu

Expansion on track
• New capacity around the corner
• Opportunity from long term electricity plan
• Exploring diversification
• We downgrade to HOLD-OPF with a new TP of IDR1,370

Read More
Sumber Alfaria Trijaya (AMRT IJ): Sustaining growth amid maturing market
2025-06-19 15:30:30

Sumber Alfaria Trijaya (AMRT IJ)
Not rated
Analyst: Patrick Agustinus Nugroho

Sustaining growth amid maturing market
• Sustaining growth
• Cautious expansion strategy
• Operational efficiency initiatives
• Valuation

Read More

Yuanta Sekuritas Indonesia