WGSH – Venture Builder with Profitable Business Model
As a Venture Builder company that lists its shares on the Indonesia Stock Exchange, WGSH captures the potential opportunities of the digital economy growth forecasted until 2025
BBCA – Double Digit Net Profit Growth
With the potential Interest rate hike this year, BBCA has set moderate loan growth target of 6%-8%.
BBNI – Strong FY21 Results, PPOP at a Record High
The company also entering the digital bank landscape, with the acquisition and planned transformation of Bank Mayora.
Macroeconomic Report | BI 7-DRRR Maintained and GWM Gradually Increased
The result of Bank Indonesia’s Board of Governors Meeting (RDG) once again decided to keep the BI Seven Days Reverse Repo Rate (BI 7-DRRR) at 3.50% or the same level since February 2021.
Macroeconomic Report | Increase in Imports Hinders Trade Balance Surplus
Statistics Indonesia (BPS) recorded December 2021 trade balance surplus of USD 1.02 billion, significantly lower than the previous month’s surplus of USD 3.51 billion.
Macroeconomic Report | 2021 Forex Reserves Increase
Bank Indonesia (BI) booked foreign exchange (forex) reserves in December 2021 at USD 144.9 billion.
Macroeconomic Report | Manufacturing PMI Maintained in the Expansion Zone
IHS Markit recorded Indonesia’s Manufacturing Purchasing Managers Index (PMI) for November 2021 at 53.9. Indonesia’s manufacturing continued its expansion in September and October which booked 52.2 and 57.2 respectively.
BBRI – Supported by Lower Cost of Fund
Until 3Q21, BBRI booked a consolidated loan growth of 9.74% YoY to IDR1,026 trillion. This figure was supported by the Micro, Small and Medium Enterprises (MSME) that grew 12.5% YoY to IDR848.6 trillion. The increase boosted BBRI’s MSME portion to 82.67% of total loan, while corporate loans were booked at IDR177.84 trillion.
BMRI – Asset Quality Improves and CoF Down
Bank Mandiri Tbk (BMRI) managed to book a net profit of IDR 19.3 trillion in 9M21, an increase of 37.1% YoY. This increase was supported by solid growth in Net Interest Income and Non-Interest Income. The company is still optimistic that credit disbursement can increase by double digits until the end of 2021, with NIM level in line with our estimates.
