External broker reports(aggregated public sources), MNC Sekuritas

MNC Sekuritas

MNC Sekuritas, the first wholly-owned subsidiary established by the Group back in 1989, provides a complete range of services, from equity, fixed income, investment banking to providing research to optimize clients’ investments. Thus far, the company has more than 140 points of sales with over 100,000 clients. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Net profit reached IDR13.8tn in 4Q24 (-3.1% QoQ), bringing FY24 NPAT to IDR54.8tn (+12.7%YoY), in-line with ours/consensus estimation.</li><li>This remarkable growth in net profit due to robust loan and NIM growth, while CoC remains manageable.</li><li>PPOP grew by +14.1% YoY in FY24 (-8.1% QoQ) was mainly propelled by a strong net interest income (+9.5% YoY).</li><li>Better CIR level at 31.5% in FY24 (vs 34.1% in FY23), thanks to excellent cost control</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Net profit reached IDR13.8tn in 4Q24 (-3.1% QoQ), bringing FY24 NPAT to IDR54.8tn (+12.7%YoY), in-line with ours/consensus estimation.This remarkable growth in net profit due to robust loan and NIM growth, while CoC remains manageable.PPOP grew by +14.1% YoY in FY24 (-8.1% QoQ) was mainly propelled by a strong net interest income (+9.5% YoY).Better CIR level at 31.5% in FY24 (vs 34.1% in FY23), thanks to excellent cost controlContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BBCA IJ - Conservative Loan Growth as CASA Competition Heats Up

Bank Central Asia

BBCA IJ - Conservative Loan Growth as CASA Competition Heats Up