Indonesia Banks - Glass half full
EWThe recent development related to the Ministry of Finance (MoF)...
The recent development related to the Ministry of Finance (MoF)...
Of late, major Indonesia banking stocks have been under persistent selling
We lower FY25-27F EPS by 1.1-4.4% to reflect the challenging...
TELECOMS Telekomunikasi Indonesia Persero TLKM TLKM JK TLKM IJ Erwin Wijaya
Following BBNI's YTD Jul-2025 results, we revise our FY25-27F...
BANKS Bank Negara Indonesia BBNI BBNI JK BBNI IJ Erwin Wijaya
We revise our FY25F-27F earnings forecasts for BMRI to reflect the...
BBNI has released its bank-only Jul-25 results, which came in behind our ...
BANKS Bank Negara Indonesia BBNI BBNI JK BBNI IJ Erwin Wijaya
EXCL’s 1H25 results came in below our projections. However,...
Liquidity conditions are turning more supportive. M2 growth has continued to...
BBRI has released its bank-only Jul-25 results, which came in...
BANKS Bank Rakyat Indonesia BBRI BBRI JK BBRI IJ Erwin Wijaya
BBCA released its bank-only Jul-25 results on 19 August...
The government’s draft 2026 budget sets interest rate subsidies for program loans...
In Feb-25, we wrote about what it would take to improve sustainability in the cellular space...
We hosted Verdhana Connect – Indonesia Macro and Banks Day on 13-14 August 2025,...
EQUITY STRATEGY Indonesia Equity Strategy Jupriadi Tan Gerald Hugo Erwin Wijaya
We look at recent trends in Bank Indonesia Rupiah Securities’ (SRBI) declining yields...
Post 1H25 results, we have reduced our consolidated profit projections on TLKM by...
TELECOMS Telekomunikasi Indonesia Persero TLKM TLKM JK TLKM IJ Erwin Wijaya