Primer: Elnusa (ELSA IJ) - Oct 2026
PT Elnusa Tbk (ELSA IJ) represents an asymmetric risk-reward profile within the Indonesian energy services sector, anchored by the resilient...
17 Views
Astra International (ASII): A Discount on Paper, a Cash-Earnings Test in Practice
Auto sales are recovering, but Astra is losing share. UNTR earnings and cash flow are weakening, yet ASII is buying back shares. Is its 13% NAV...
41 Views
BRIDS Weekly Update Economic & Fixed Income Research Monday, Oct 12, 2026
This Week Key FocusChina Inflation Rate – September 2026 (Wednesday)China Trade Balance – September 2026 (Wednesday)United States Inflation and...
33 Views
Garuda Indonesia (GIAA IJ) Regaining Momentum Through Transformation (NOT RATED)
PMHMETD III could lift GIAA’s GMFI ownership to c.93%, improving earnings contribution with a more meaningful impact from FY27F.
51 Views
BBNI IJ: When Credit Growth Outruns Earning Power
BNI is Indonesia's cheapest major bank at 0.76x book. The market implies 9.9% perpetual ROE, below its 12.7%–12.9% 1H26 run-rate. We take a...
83 Views