Indonesia 2023

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Indonesia 2023

The 34th annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.

Expanded rankings and additional team and brokerage categories for this poll beyond what we publish is available for purchase.

Please contact Marcus Langston at marcus.langston@euromoney.com for our data packages, logo usage rights and other marketing opportunities.

Brokers

Best domestic brokerages

Rank Firm
1 Mandiri Sekuritas
2 BNI Sekuritas
3 BRI Danareksa Sekuritas
   

Best international brokerages

Rank Firm
1 CLSA
2 CGS-CIMB
3 Yuanta
   

Best domestic brokerages for research

Rank Firm
1 Mandiri Sekuritas
2 BNI Sekuritas
3 BRI Danareksa Sekuritas
   

Best international brokerages for research

Rank Firm
1 CLSA
2 CGS-CIMB
3 Yuanta
   

Best domestic brokerages for sales

Rank Firm
1 Mandiri Sekuritas
2 BNI Sekuritas
3 Trimegah Sekuritas
   

Best international brokerages for sales

Rank Firm
1 CLSA
2 CGS-CIMB
3 Yuanta
   

Best brokerages for corporate access

Rank Firm
1 Mandiri Sekuritas
2 CLSA
3 CGS-CIMB
   

Best brokerages for execution

Rank Firm
1 Mandiri Sekuritas
2 CGS-CIMB
3 CLSA
   

Most transformed brokerages

Rank Firm
1 Mandiri Sekuritas
2 BNI Sekuritas
3 CGS-CIMB
   

Best brokerages for ESG research

Rank Firm
1 Mandiri Sekuritas
2 CLSA
3 CGS-CIMB

Individuals

Best strategist

Rank Name Firm
1 Adrian Joezer Mandiri Sekuritas 
     

Best economist

Rank Name Firm
1 Leo Putera Rinaldy Mandiri Sekuritas 
     

Best quantitative/ technical Analyst

Rank Name Firm
1 Hadiyansyah  Mandiri Sekuritas 
     

Best analysts for thematic strategy

Rank Name Firm
1 Adrian Joezer Mandiri Sekuritas 
     

Best analyst for ESG

Rank Name Firm
1 Eimi Setiawan Mandiri Sekuritas 
     

Best analyst for small/mid caps

Rank Name Firm
1 Boby Chandra Mandiri Sekuritas 
     

Best analyst for agriculture

Rank Name Firm
1 Farah Rahmi Oktaviani Mandiri Sekuritas 
     

Best analyst for automobiles & components

Rank Name Firm
1 Ariyanto Kurniawan Mandiri Sekuritas 
     

Best analyst for banks

Rank Name Firm
1 Kresna Hutabarat Mandiri Sekuritas 
     

Best analyst for consumer discretionary

Rank Name Firm
1 Inggrid Gondoprastowo Mandiri Sekuritas 
     

Best analyst for consumer staples

Rank Name Firm
1 Adrian Joezer Mandiri Sekuritas 
     

Best analyst for energy

Rank Name Firm
1 Ariyanto Kurniawan Mandiri Sekuritas 
     

Best analyst for financials (non-banking)

Rank Name Firm
1 Kresna Hutabarat Mandiri Sekuritas 
     

Best analyst for healthcare

Rank Name Firm
1 Inggrid Gondoprastowo Mandiri Sekuritas 
     

Best analyst for industrials

Rank Name Firm
1 Farah Rahmi Oktaviani Mandiri Sekuritas 
     

Best analyst for materials

Rank Name Firm
1 Robin Sutanto Mandiri Sekuritas 
     

Best analyst for media

Rank Name Firm
1 Henry Tedja Mandiri Sekuritas 
     

Best analyst for metals & mining

Rank Name Firm
1 Ariyanto Kurniawan Mandiri Sekuritas 
     

Best analyst for plantation

Rank Name Firm
1 Wesley Alianto Mandiri Sekuritas 
     

Best analyst for real estate

Rank Name Firm
1 Robin Sutanto Mandiri Sekuritas 
     

Best analyst for software & internet services

Rank Name Firm
1 Adrian Joezer Mandiri Sekuritas 
     

Best analyst for telecommunication services

Rank Name Firm
1 Henry Tedja Mandiri Sekuritas 
     

Best analyst for transportation & logistics

Rank Name Firm
1 Farah Rahmi Oktaviani Mandiri Sekuritas 
     

Best analyst for utilities

Rank Name Firm
1 Henry Tedja Mandiri Sekuritas 
     

Best salesperson

Rank Name Firm
1 Novita Tjia CLSA 
     

Best sales trader 

Rank Name Firm
1 Michael Taarea Mandiri Sekuritas 
     

Best corporate access personnel

Rank Name Firm
1 Henry Pranoto Mandiri Sekuritas 

Individuals who left their firm between the end of the polling period and when the results were published are indicated with (*). Ties are indicated with (=).

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