JPFA: Expansion to Strengthen Position in the Industry
JPFA booked revenue growth of 4.4% YoY to IDR43.1 trillion in 9M25. This growth was driven by increased sales across all business segments, with the highest sales increase from the...
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ACES: Improving Operational Efficiency Through New Expansion Strategy
ACES booked limited revenue growth of 1.7% YoY to IDR6.33 trillion in 9M25. This revenue was driven by limited growth in almost all business segments, except for consignment sales, which...
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BSDE: Revenue and Profit Weakened, But Marketing Sales Grew 4% YoY
BSDE's revenue decreased 13% YoY to IDR 8.76 trillion in 9M25. Land and building sales were the primary contributors to BSDE's revenue (85% in 9M25). However, this decline in sales...
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BMRI: Wholesale Business Supports Loan Growth Resilience
BMRI's interest income grew 10.5% YoY to IDR 122.30 trillion in 9M25. This growth was accompanied by a higher increase in interest expenses (+22.9% YoY) to IDR 44.04 trillion in...
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BBTN: Monetizing Housing Ecosystem will Optimize BBTN Profitability
BBTN booked interest income of IDR 26.58 trillion, which rose 18.8% YoY in 9M25. Meanwhile, interest expense increased only 2.5% YoY to IDR 13.82 trillion, while provision expense increased 230.4%...
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PGAS: Securing Indonesia’s Gas Supply Through Downstream Integration
PGAS’s revenue grew 5.37% YoY to US$1,937 million in 6M25. This increase was supported by the downstream segment, particularly gas trading, which contributed US$1,248 million or 67.87% of total revenue....
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TUGU: Top General Insurance Player, Strong Fundamentals & High Dividend
TUGU stands out as a leading general insurance player with an integrated ecosystem. Although the company is backed by Pertamina as its controlling shareholder (58.5%), contributions from the parent account...
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SIDO: Expansion into Global Market with a Strong Brand
SIDO experienced a decrease in revenue by 3.57% YoY to IDR1.83 trillion in 6M25, along with lower sales in all of SIDO's business segments in 6M25. Going forward, we expect...
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STAA: Young Estates, Strong Yields, Refinery-Driven Upside
STAA is a fully integrated palm oil company with 49k hectares of planted land across North & South Sumatra and Kalimantan. The plantation profile is relatively young, with an average...
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