We analyze Astra’s investments over the past seven years – which have largely been unfruitful,
AUTOS AND AUTO PARTS ASII ASII JK ASII IJ Jupriadi Tan David Tjahjadi Gerald Hugo
The JCI has declined by 11% over the past three months, owing to market concerns about consumers’ weak purchas
In this report, we assess the cash position of the funds that we track as of January 2025,
EQUITY STRATEGY Nicholas Goei David Tjahjadi Jupriadi Tan Gerald Hugo
We initiate coverage of Metrodata Electronics (MTDL) and Mastersystem Infotama (MSTI) with Buy ratings,
AKRA’s share price has declined by -19% over the past three months,
POWER AND UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
Indonesia Flow Radar is a report series in which we track stock ownership
Equity Strategy Nicholas Goei David Tjahjadi Jupriadi Tan Gerald Hugo
Our proprietary Verdhana Macro-Micro Index (VMMI, see previous reports here and here)
We maintain a neutral outlook for the auto sector. FY24 sales reached the lowest level since 2011
In this Nusantara (previous one on e-bike here), we provide our findings from our on-the-ground survey
Conglomerates play a crucial role in nation-building. In this report, we analyze the businesses, profitability
We reduce FY24F/25F/26F earnings estimates by 20%/12%/5.1% as JIIPE (Java Integrated Industrial and Port Estat
POWER UTILITIES AKRA AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
We cut our FY24F/25F/26F earnings estimates for DRMA by 6.5%/9.0%/9.3% on likely subdued 4W wholesales in 2024
AUTOS AUTO PARTS DRMA DRMA JK DRMA IJ Jupriadi Tan David Tjahjadi Gerald Hugo
We believe Indonesia’s logistics market is a potentially lucrative segment that is still underpenetrated.
Transport Logistics FMCG Jupriadi Tan David Tjahjadi Gerald Hugo
GJAW 2024, as the third automotive expo this year, underscored the changing dynamics of Indonesia’s automotive
In line with insights from our Anchor Report on purchasing power,
