Company Report | [CUAN] Acquisitions Bear Fruit, New Mine Commences
Petrindo Jaya Kreasi (CUAN) reported an impressive 718.6% YoY rise in revenue (USD 801.7 M vs USD 97.9 M) and 929.3% increase in net income (USD 160.8 M vs USD 15.6 M) for FY24.
Company Report | [PTRO] New Contracts Expected to Boost Earnings
Petrosea (PTRO) reported a 24.5% YoY increase in revenue to IDR 10.96 trillion for FY24 as several new projects are initiated.
Company Report | [ASII] Earnings In Line With Our Forecasts, Beats Consensus
Astra International Tbk. (ASII) recorded a 0.6% YoY growth in net income to IDR 34.05 trillion, largely in line with our forecasts and exceeding the consensus (97%/102%).
Company Report | [CTRA] Growth Remains Solid, Government Support Expected To Continue
Ciputra Development (CTRA) recorded 8% YoY increases for both revenue (IDR 7.12 trillion vs IDR 6.59 trillion) and net income (IDR 1.28 trillion vs IDR 1.18 trillion) for the period 9M24.
Company Report | [NCKL] Strongest Quarterly Performance Since IPO
PT Trimegah Bangun Persada recorded IDR 7.5 trillion in revenue and IDR 2 trillion in net income for 3Q24, representing an 11.9% and 12.6% QoQ increase respectively.
Company Report | [ASII] Performance Remains Stable Despite Soft Automobile Market
PT Astra International Tbk. (ASII) recorded a 2.2% YoY increase in net revenue (IDR 246.3 trillion vs IDR 240.9 trillion) for the period 9M24. The company also recorded a 0.4% YoY rise in net income (IDR 25.85 trillion vs IDR 25.69 trillion) before FV adjustments on investments in GoTo and Hermina
Company Report | [PWON] Strong Performance Due To Rise in Consumer Spending and Tax Incentives
PT Pakuwon Jati (PWON) reported strong numbers across the board in 1H24, with revenue rising by 12.6% YoY ( IDR 3.26 trillion vs IDR 2.89 trillion), EBITDA increasing by 10.3% (IDR
1.79 trillion vs IDR 1.62 trillion), and adjusted net profit improving by 30.7% (IDR 1.35 trillion vs IDR 1.03 trillion).
Company Report | [ADRO] Resilience In The Face Of Weak Coal Prices
PT Adaro Energy Indonesia Tbk. (ADRO) reported a 10.8% YoY fall in net income for 1H24 (USD 778.8 million vs USD 873.8 million).
Company Report | [ITMG] Robust Chinese Demand Keeps Coal Prices Stable
PT Indo Tambangraya Megah Tbk. (ITMG) reported a 29% YoY fall in revenue for 1Q24 (USD 489 million vs USD 685 million) despite an 11% YoY increase in sales volume.
