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

PT Sumber Tani Agung Resources Tbk / Equity Bottom-Up

PT Sumber Tani Agung Resources Tbk (STAA IJ)

<ul><li>STAA posted net profit growth of +55.2% YoY to IDR656.7 bn in 1H25 (vs IDR423.3 bn in 1H24), in-line with our expectations, reflecting 48.8% of the FY25E target.</li><li>This performance lifted NPM to 18.3% (vs 15.7% in 1H24). In 2Q25 alone, net profit rose by +15.5% QoQ/+56.0% YoY to IDR352.0 bn.</li><li>The strong bottom-line was underpinned by revenue growth of +33.2% YoY to IDR3.6 tn in 1H25 (vs IDR2.7 tn in 1H24), broadly in-line with our forecast at 51.2% of FY25E.</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>

STAA posted net profit growth of +55.2% YoY to IDR656.7 bn in 1H25 (vs IDR423.3 bn in 1H24), in-line with our expectations, reflecting 48.8% of the FY25E target.This performance lifted NPM to 18.3% (vs 15.7% in 1H24). In 2Q25 alone, net profit rose by +15.5% QoQ/+56.0% YoY to IDR352.0 bn.The strong bottom-line was underpinned by revenue growth of +33.2% YoY to IDR3.6 tn in 1H25 (vs IDR2.7 tn in 1H24), broadly in-line with our forecast at 51.2% of FY25E.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.

PT Sumber Tani Agung Resources Tbk (STAA IJ) - STAOF Kickstarts New Growth Phase