The majority of the most valuable companies in Southeast Asia are occupied by the banking sector, three of which come from Indonesia, namely PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), and PT Bank Mandiri Tbk (BMRI).
Based on Refinitiv data, the bank made by the Djarum Group PT Bank Central Asia Tbk (BBCA) or BCA has the largest market cap, reaching Rp1202.12 trillion.
On the Indonesia Stock Exchange (IDX), BBCA also occupies the number one position above hundreds of other stocks.
In terms of performance, BCA scored a good performance throughout 2023. Record net profit reached Rp48.64 trillion, growing 19.40% on an annual basis (yoy). Thanks to this, BCA can distribute a large portion of this year’s dividends from net profit as much as 68.35%, or around Rp227.5 per share.
Dividends for the 2023 financial year have also been paid to investors, Thursday (4/4/2024).
In second place, there is a bank from Singapore, DBS Group Holdings, which has a market cap of Rp1109.76 trillion. In the Lion Country, DBS Group is ranked first in terms of market cap.
DBS Group also recorded a record performance in 2023, with net profit jumping 26% yoy to 10.3 billion Singapore dollars.
Next, in the third position is Indonesian state-owned bank PT Bank Rakyat Indonesia Tbk (BBRI) with a market cap of IDR 855.25 trillion. On the IDX, BBRI is ranked second under BBCA.
Assessing BBRI’s performance is no less moncer because it set an All Time High record for net profit last year. Nominally, it is even the largest compared to all banks in the country, reaching IDR 60.10 trillion.
Another bank is Oversea-Chinese Banking Corporation Ltd or OCBC Bank which occupies the fifth position with a market capitalization value of up to IDR 733.58 trillion. Then, banking in 8th place came again from RI, namely PT Bank Mandiri Tbk (BMRI).
BMRI’s performance is also no less breaking the record for the highest net profit of all time in 2023 amounting to IDR 55.06 trillion. This achievement was followed by the fastest growth compared to KBMI IV banks in Indonesia, reaching 33.74% yoy.
In the last place is a bank from Singapore, UOB Bank with a market capitalization value of IDR 586.48 trillion.
Discussing outside banking, there are a number of other issuers that occupy the top 10 most valuable companies in ASEAN, with five of them coming from Indonesia.
