Closing the year, BBCA scored a pretty impressive performance amidst the tight liquidity situation & “Higher for longer” era. The company still scored a solid performance growth with Net Profit increasing +12.7% YoY to IDR 54.8 T per FY 24 (FY23: IDR 48.6 T & – 3.1% QoQ, 4Q24: IDR 13.8 T; 3Q24: IDR 14.2 T).
As of 9M24, MTELL still scored consistent and stable growth performance, as Net Profit grew +7.1% YoY to IDR 1.53 T (9M23: IDR 1.43 T & QoQ: -13.8% QoQ 2Q24: IDR 543B, 3Q24: IDR 468B).
As of 9M24, TLKM’s revenue grew by +0.9% YoY to IDR 112.2 T (9M23: IDR 111.2 T; QoQ growth: -2.5% QoQ, 2Q24: IDR 37.7 T & 3Q24: IDR 36.9 T). The increase in operating expenses (Opex) was quite high, as it increased +6.5% YoY to IDR 55.6 T in 9M24 (9M23: IDR 52.2 T).
In 9M24, BMRI posted a net profit of +7.56% YoY and +11.7% QoQ to IDR 42.02 T (9M23: IDR 39.06 T; 2Q24: IDR 13.85 T & 3Q24: IDR 15.47 T). Net Interest Income (NII) still posted an increase of +3.81% YoY and +2.52% QoQ to IDR 74.60 T (9M23: IDR 71.86 T; 2Q24: IDR 24.19 T & 3Q24: IDR 25.52 T).
AVIA experienced a net profit growth of +1.62% YoY to IDR 1.16 T in 9M24 (9M23: IDR 1.14 T, QoQ growth: -2.7% QoQ, 3Q24: IDR 352B). AVIA’s sales revenue across all segments still grew +4.67% YoY to IDR 5.4 T in 9M24 (9M23: IDR 5.16T, QoQ growth: +4.0% QoQ, 3Q24: IDR 1.78T).
Despite BBRI’s asset quality situation is still a concern, BBRI’s performance recovery is starting to show improvement as seen in the company’s quarterly performance from several aspects, while some notes are still needed.
BBNI recorded a performance recovery in 3Q24, as it posted +3.5% profit growth to IDR 16.31 T on a year-on-year basis. Quarterly, BBNI’s net profit grew +4.7% to IDR 5.62 T in 3Q24, which was driven by top line increase supported by quarterly Net Interest Income (NII) growth of +7.1% QoQ to IDR 10.37T in 3Q24 (2Q24: IDR 9.68T).
BBCA posted a solid performance growth by posting Net Profit of IDR 41.1T as of 9M24 (+12.8% YoY; 9M23: IDR 36.4T & +1.4% QoQ; 2Q24: IDR 14.0T). The increase in top line was supported by the increase in Net Interest Income (NII) which grew significantly by +9.5% YoY to IDR 61.1T as of 9M24 and quarterly growth of +4.9% QoQ (2Q24: IDR 20.2T).
TUGU is one listed insurance companies in Indonesia, where TUGU operates in the general insurance sector. If you hear the word TUGU, perhaps what comes to mind is this company affiliated with Pertamina SOE.
