GoTo IPO - Valuation - Missed the Tide, Boat Won’t Rise
GoTo aims to raise around US$1.25bn from a local listing, which will mainly be targeted at domestic investors. In this note, we talk about its...
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Bank Central Asia (BBCA IJ) - Batting Above Average
Bank Central Asia (BBCA IJ) released another set of positive numbers in 3Q2023, outperforming the overall sector on loan and CASA growth, allowing...
567 Views
Bank Central Asia (BBCA IJ) - Limited upside despite solid profitability
We reiterate our HOLD call on BBCA with a higher GGM-derived TP of IDR10,000 (at 4.4x 2024F PBV) as we roll over our valuation to 2024F post the...
184 Views
BBNI IJ Initiation: On a Rewarding Journey to 20% ROE
BBNI IJ has stated its target of achieving an FY28e ROE of 20%, just like peers do now. Being involved in the journey can be very rewarding for...
320 Views
Indonesian Digital Banks - Ecosystems and Channels
Indonesian Digital Banks are an increasing focus for investors with the potential to serve the huge numbers of underbanked in Indonesia through...
3.9k Views