Daily BriefsIndonesia

Indonesia: Blue Bird and more

In today’s briefing:

  • Bluebird (BIRD): Back to Profit, Big Data and BCA

Bluebird (BIRD): Back to Profit, Big Data and BCA

By Henry Soediarko

  • Finally, Blue Bird (BIRD IJ) is back on profit in two consecutive quarters, highlighting the comeback mode in Indonesia. 
  • It went on to sign a partnership to develop and integrate big data analytics with PT LRT Jakarta and BCA app users can call Bluebird from the app. 
  • It is still trading at 0.6x PBR while pre COVID level was 1.3-1.5x PBR. 

Before it’s here, it’s on Smartkarma