BBNI: Moderation in Term Deposit Rate Potentially Becomes BBNI’s Catalyst in FY25F
BBNI’s Interest Income grew 8.3% YoY to IDR66.6.7 trillion in FY24 (99% of our 2024F estimate). BBNI’s net interest income grew 6.5% QoQ, down 1.9% YoY in FY24. The higher...
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TBIG: Balancing Challenges and Growth Potential Amidst a Moderate Outlook
3Q24 Financial Performance and Near-Term Challenges TBIG reported revenue of IDR 1.71 trillion in 3Q24 (+0.17% YoY; +2.37% QoQ), with EBITDA reaching IDR 1.46 trillion (+1.66% YoY; +0.35% QoQ) and...
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ACES: Rebranding to AZ-KO Brand Potentially Reduces Operating Expenses
ACES recorded revenue of IDR6.23 trillion in 9M24, growing 13.37% YoY. The revenue growth was driven by the Lifestyle Products segment, which grew 20.55% YoY to IDR2.7 trillion in 9M24,...
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BNGA : CASA growth and selective loan growth are still BNGA’s focus
BNGA's net profit grew 4.7% YoY to IDR5.1 trillion in 9M24. This aligns with Interest Income, which grew 7.8% YoY to IDR18 trillion in 9M24. BNGA revised its Cost of...
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BBTN: Growth property sector will optimize BBTN profitability
BBTN recorded an Interest Income of IDR22.37 trillion, growing 7.4% YoY in 9M24. Meanwhile, Interest Expense increased 26.0% YoY to IDR13.47 trillion, with an Operating Profit Before Provision (PPOP) of...
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MIDI : Launching JA-DI to Increase Profitability
MIDI recorded revenue of Rp14.69 trillion in 9M24, growing 13.64% YoY (vs. Rp12.92 trillion in 9M23). Revenue in Food segment grew 12.8% YoY to Rp8.85 trillion (vs. Rp7.85 trillion in...
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BDMN : Credit Growth Maintained with Good Asset Quality
BDMN recorded a net profit growth of 41% QoQ to IDR2.32 trillion in 9M24. Net Interest Income grew 4% YoY to IDR11.7 trillion in 9M24. Credit grew 12% YoY, with...
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SMRA: Potential for optimizing marketing sales in the remainder of 2024
SMRA's net profit grew 43% yoy to IDR933 billion in 9M24. This growth is in line with revenue growth to IDR7.5 trillion in 9M24. Better funding potential. SMRA made a...
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EXCL: Robust 9M24 Performance Amid Declining 3Q24
EXCL recorded a solid EBITDA performance with 9M24 reaching Rp13.30 trillion, equivalent to 79.68% of FY24F estimate, supported by annual growth in the data segment despite quarterly contraction. Operational efficiency...
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