XA Update | PT Blue Bird Tbk (BIRD)
BIRD 9M25 Performance Maintains Smooth Traffic. 9M25 Revenue drives up 12.44% YoY to IDR 4.12tn (9M24: IDR 3.66tn)
Daily Report | 6 Mar 2026
The JCI rebounded 1.76% to 7,710.5, led by gains in the primary consumer goods sector, supported by improving sentiment in global markets. However, investors should remain cautious as global tensions persist.
XA Update Report | Indo Tambangraya Megah Tbk. (ITMG) – Looming Production Cuts Offset By Price Optimism
ITMG reported a steep yet expected decline in FY25 net income to IDR 3.2 trillion (-49% YoY) as topline suffers (-18% YoY) due to ASP falling to USD 76/ton (-20% YoY)
XA Update Report | PT Bank Mandiri Tbk. (BMRI) – Resilient Amid Pressures – FY26 to Preserve Stability with a More Conservative Stance
BMRI posted 4Q25 net profit of IDR 18.6T (+34.9% YoY & +39.8% QoQ), bringing total FY25 net profit to IDR 56.3T (+0.92% YoY). BMRI’s FY25 Net Interest Margin (NIM) contracted to 4.89% (FY24: 5.15%
Daily Report | 5 Mar 2026
Oil prices edged higher amid volatile trading. Brent crude rose to USD 81.68 per barrel, while WTI increased to USD 75.07 per barrel. The JCI closed lower, falling 4.57% to 7,577.1 and dropping below a key psychological level.
Daily Report | 4 Mar 2026
Today’s Outlook : • US MARKET : U.S. stocks closed in negative territory on Tuesday, though well … [Read more…]
XA Update Report | PT Avia Avian Tbk. (AVIA) – A Sky Full of Colors: AVIA’s Volume Breakout Year
AVIA closed FY25 solidly, with net profit growth of +4.85% YoY to IDR 1.74T due to strong sales volume (FY24: IDR 1.66T | Quarterly basis: +36.7% QoQ & +10.4% YoY, 4Q25: IDR 556B, 3Q25: IDR 407B, 4Q24: IDR 503B) and surpassing our estimation (102% of NHKSI Estimation for FY25).
XA Update Report | United Tractors (UNTR) 12M25 – Macro Sentiments Boost Prospects
UNTR reported a steep 24% YoY decline in net income for FY25 (IDR 14.8 trillion vs 19.5 trillion) as top line slips by 2% (IDR 131.3 trillion vs IDR 134.4 trillion).
Daily Report | 3 Mar 2026
Oil and gas prices surged sharply on Monday in New York following Israeli and U.S. strikes on Iran. In retaliation, Tehran forced the shutdown of several oil and gas facilities across the region and disrupted shipping through the crucial Strait of Hormuz.
