Bank Central Asia’s (BCA) 9M21 PATMI was slightly ahead, at 78% of both consensus’ and our FY21F forecasts. Similar with BTN, despite PPKM implementation, the bank saw improving loan demand, especially from the corporate segment, and asset quality.....

9M21 PATMI was ahead, at 79%/86% of consensus/our initial full-year forecasts (four-year 9M average, ex-2019: 76%). Despite PPKM, 3Q21 loans still grew 2% qoq, while asset quality improved qoq. NPL dropped 0.2% pt qoq to 3.9%; LAR dropped 3% pts qo....

External drivers in the form of commodity price surges, which in turn lead to a sharply higher current account balance, are supportive in sustaining foreign fund inflows. n Attractive valuations and improving visibility of an economic recovery as Co....

Bank Indonesia (BI) left the policy rate at 3.50% for the eighth consecutive meeting, on the back of continued GDP recovery and improving CA balance. Trade outperformance and a potentially smaller fiscal deficit will help to anchor rupiah stability....