“BBNI: Loan Growth Accelerates despite Margin Pressure”
BBNI's interest income grew 4.8% YoY (3.9% QoQ) to IDR 51.17 trillion in 9M25. The increase in interest expense, which was higher than interest income, put pressure on BBNI's interest...
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“BBCA: Maintains Profitability Amid Rising Provision Expenses”
BBCA's net profit grew 5.7% YoY to IDR 43.4 trillion in 9M25. This growth was in line with the increase in net interest income to IDR 63.9 trillion (+5.2% YoY)...
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“PTPP: Progress Update and Field Insights from Key Projects in PIK2”
Phintraco Sekuritas Research Team conducted a site visit to several ongoing projects undertaken by PT PP (Persero) Tbk within the Pantai Indah Kapuk 2 (PIK 2) area. One of the...
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“BRIS : Maintains Profit Consistency, Expands Through Bullion Bank”
BRIS booked a solid performance by posting a 22.20% YoY net profit growth to IDR 7.39 trillion in 2Q25.This was supported by growth in Net Margin Income to IDR 5.1...
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“BMRI : Impacted by Rising Expenses, Growth Foundation Remains Strong”
BMRI's interest income grew 14.3% YoY to Rp41.95 trillion in 2Q25. Meanwhile, interest expense and operating expenses increased significantly (+26.1% YoY and +15.3%) in 2Q25. BMRI also lowered its guidance...
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“BBTN : Positive results from the increase in High Yield Loans”
BBTN's interest income grew 23.5% YoY to IDR 18.5 trillion in 6M25. Interest expenses increased 2.3% YoY to IDR 9.15 trillion, with a Pre-Provision Operating Profit (PPOP) of IDR 5.8...
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“CTRA: Solid performance in 6M25, maintain buy rating for CTRA”
CTRA's net profit grew 17% YoY to Rp1.32 trillion in 6M25. This achievement is in line with the 17% YoY revenue growth to Rp5.8 trillion in 6M25. The property development...
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“TLKM: Margin Pressure Amid Weak Consumer Spending”
TLKM posted a weaker performance in 2Q25, with revenue coming in at IDR36.37 trillion (–3.66% QoQ; –3.96% YoY), amid macroeconomic headwinds that continued to pressure consumer purchasing power. Cumulatively, 1H25...
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“ACES : New Store Openings Potentially Drive Revenue in FY25”
ACES booked revenue growth of 3.2% YoY to IDR4.27 trillion in 6M25. This growth was driven by an increase in sales of lifestyle products by 5.3% YoY to IDR1.89 trillion,...
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