Yuanta Indonesia Morning Journal - 18 Dec 2025

INDUSTRY
• Bank Indonesia no change for the third time
• Government to require biometric measure for new SIM
• Additional FTPI 12% stake acquisition nears finalization
• Non-cyclical consumer sector lags market amid weak purchasing power

CORPORATE
• ADHI to target new contract of IDR20-23tn in FY26
• GOTO held EGM for board transition
• MBMA’s cost optimization realized a higher bottom line by 109% QoQ in 3Q25
• MDKA recorded higher margin, reflecting lower nickel costs in 3Q25
• SIDO delivers solid 9M25 results amid ongoing demand headwinds
• BBRI changes management composition
• BBCA, BMRI, BBTN report November results