Editorial Standards & Disclosures

Last Updated: September 10, 2026

Mikirduit US is a global financial research publication operated by PT Mikir Duit Indonesia. Our editorial coverage focuses primarily on U.S.-listed companies, U.S. financial markets, and global developments that may affect U.S. equities.

We aim to produce research that is clear, evidence-based, transparent, and useful for investors who want to understand businesses, earnings, valuation, and market developments beyond the headline.

This page explains our editorial principles, research process, sourcing standards, valuation approach, corrections policy, conflict-of-interest practices, commercial disclosures, and use of technology.

1. Our Editorial Mission

Mikirduit US exists to help readers better understand:

how companies make money;
what drives revenue and earnings growth;
how financial performance is changing;
what risks may affect a business;
what the market may already be pricing in;
whether a stock’s valuation appears reasonable relative to its fundamentals;
how macroeconomic and market developments may affect investors.

Our core editorial principle is:

Understand the Business. Question the Price.

We do not believe a rising stock is automatically attractive, or that a falling stock is automatically cheap.

Our goal is to explain the facts, assumptions, risks, and valuation framework behind an investment idea so readers can form their own conclusions.

2. Editorial Independence

Mikirduit aims to maintain a clear distinction between editorial research and commercial relationships.

Our editorial conclusions are not determined by:

advertisers;
sponsors;
affiliate partners;
brokers;
financial platforms;
issuers;
companies covered in our research.

Commercial relationships do not guarantee favorable coverage.

Mikirduit retains editorial discretion regarding:

what companies we cover;
when we publish;
how we interpret financial information;
what risks we highlight;
what valuation assumptions we use;
what conclusions we reach.

Where sponsored or commercial relationships are relevant, we aim to disclose them clearly.

3. Our Research Process

Our research process generally begins with primary information whenever practical.

Depending on the subject, we may review:

SEC filings;
annual reports;
quarterly reports;
10-K filings;
10-Q filings;
8-K filings;
proxy statements;
registration statements;
company earnings releases;
investor presentations;
official investor relations materials;
conference call transcripts;
regulatory disclosures;
exchange filings;
government economic data;
Federal Reserve publications;
official industry or regulatory data.

We may supplement primary information with reputable secondary sources when useful for context.

After gathering the source material, Mikirduit may add:

financial calculations;
historical comparisons;
peer comparisons;
margin analysis;
growth analysis;
scenario modeling;
valuation analysis;
interpretation;
investment context.

4. Primary Sources First

Whenever reasonably possible, we prefer original sources over summaries of those sources.

For example, if we are analyzing a company earnings report, we generally prefer the company’s filing or earnings release over a third-party article describing the results.

If we are analyzing a corporate transaction, we may review relevant regulatory filings, transaction documents, company announcements, or investor presentations where available.

Secondary sources may still be used for:

additional context;
industry commentary;
market reaction;
historical background;
expert interpretation.

We aim to distinguish factual information from our own interpretation.

5. Facts, Estimates, and Opinions

Mikirduit articles may contain a combination of:

reported facts;
management guidance;
consensus estimates;
third-party estimates;
Mikirduit calculations;
Mikirduit assumptions;
editorial opinions;
scenario analysis.

Where practical, we aim to make that distinction clear.

Statements about future performance are inherently uncertain.

Readers should not interpret:

earnings estimates;
price scenarios;
fair value estimates;
valuation ranges;
growth assumptions;
dividend projections;
target prices;
bull or bear cases;

as guarantees of future outcomes.

6. Valuation Methodology

Mikirduit may use multiple valuation approaches depending on the company, sector, and availability of reliable data.

These may include:

price-to-earnings ratios;
forward P/E;
price-to-sales;
EV/EBITDA;
EV/EBIT;
price-to-book;
free cash flow yield;
price-to-free-cash-flow;
discounted cash flow analysis;
dividend-based valuation;
historical valuation ranges;
peer-group comparisons;
scenario-based valuation.

We do not assume that one valuation method is appropriate for every company.

Valuation depends on assumptions that may include:

revenue growth;
earnings growth;
margins;
capital expenditures;
cash flow;
interest rates;
discount rates;
terminal growth;
share count;
industry conditions;
management execution.

Changes in assumptions may materially change valuation outcomes.

7. Fair Value and Price Scenarios

When Mikirduit publishes a fair value estimate or valuation scenario, it represents an analytical estimate based on stated or implicit assumptions.

It should not be interpreted as:

a guaranteed future market price;
a promise that the stock will reach that value;
a personalized price target;
an instruction to buy or sell.

Where appropriate, we may publish multiple scenarios such as:

bear case;
base case;
bull case.

The purpose is to illustrate how different assumptions may affect valuation.

8. Mikirduit Scores and Rankings

Mikirduit may publish proprietary scores, rankings, screens, or analytical frameworks.

These may evaluate factors such as:

valuation;
growth;
profitability;
financial health;
dividend characteristics;
momentum;
risk;
other relevant factors.

Scores are analytical tools, not guarantees of investment performance.

A higher score does not mean that a security will outperform, and a lower score does not mean that a security will underperform.

Methodologies may evolve over time as we improve our research framework.

Where material changes are made to a methodology, we may update relevant disclosures or explanatory pages.

9. Earnings Analysis

Our earnings coverage may examine:

revenue;
earnings per share;
gross margin;
operating margin;
net income;
free cash flow;
operating cash flow;
guidance;
segment performance;
balance sheet changes;
share count;
management commentary.

We may compare:

current results with previous periods;
reported results with management guidance;
reported results with market expectations;
performance with relevant peers.

The purpose is to identify what changed in the business and why it may matter to investors.

10. Corporate Actions

Mikirduit may analyze corporate actions including:

mergers;
acquisitions;
spin-offs;
share repurchases;
secondary offerings;
stock-based acquisitions;
debt issuance;
capital raising;
tender offers;
restructuring;
management changes.

When analyzing such transactions, we may estimate potential effects including:

dilution;
leverage;
interest expense;
earnings impact;
cash flow impact;
share-count changes;
strategic benefits;
integration risks.

These estimates may change as transaction terms or market conditions change.

11. Market and Macroeconomic Coverage

Mikirduit may publish analysis of broader market developments including:

Federal Reserve policy;
interest rates;
inflation;
employment;
economic growth;
Treasury yields;
currencies;
commodities;
sector rotation;
index changes;
ETF flows;
geopolitical events.

Market and macroeconomic analysis may involve interpretation of incomplete or rapidly changing information.

Such commentary should be understood as analysis rather than certainty about future market direction.

12. Timeliness of Information

Financial markets move quickly.

Information that was accurate when an article was published may later become outdated because of:

new financial results;
company announcements;
regulatory developments;
market-price changes;
revised economic data;
management guidance;
corporate transactions.

Publication dates and update dates should therefore be considered when reading our research.

We may update articles when significant new information becomes available, but we do not guarantee that every historical article will always reflect the latest developments.

13. Corrections Policy

Accuracy matters to us.

If we identify a material factual error, calculation error, or misleading statement, we aim to correct it as reasonably soon as practical.

Depending on the significance of the correction, we may:

edit the article;
add an update;
add a correction note;
clarify the methodology;
revise a table or calculation.

Minor formatting or grammar changes may be made without a correction notice.

If you believe an article contains a material error, you may contact us at:

editorial@mikirduit.com

Please include the article title, URL, and a description of the issue.

14. Updates to Published Research

Mikirduit may update published research when:

new earnings are released;
transaction terms change;
guidance is revised;
financial data is restated;
a material regulatory event occurs;
valuation assumptions change materially;
new information affects the original analysis.

An updated article may contain a revised publication or update date.

Historical views should not necessarily be interpreted as our current opinion.

15. Author Expertise and Credentials

Mikirduit may publish information about the professional experience, qualifications, certifications, or background of its authors and contributors.

Such information is provided to help readers evaluate the experience behind the research.

Professional credentials issued in one jurisdiction should not be interpreted as authorization to provide regulated financial services in another jurisdiction unless expressly stated.

For example, Indonesian financial certifications or licenses do not automatically constitute authorization to provide regulated investment advisory services in the United States or another country.

16. Author Holdings and Securities Ownership

Authors, founders, editors, employees, or contributors associated with Mikirduit may own securities discussed in our content.

Where relevant and practical, we may disclose material holdings or potential conflicts of interest.

A disclosure that an author owns a security does not mean that the position is appropriate for readers.

Likewise, the absence of a disclosed position should not be interpreted as a recommendation against owning the security.

Readers should make independent investment decisions based on their own circumstances.

17. Trading Around Publication

Mikirduit does not publish research for the purpose of manipulating market prices.

Authors and contributors are expected to act responsibly with respect to securities discussed in published research.

Where appropriate, Mikirduit may establish internal rules or restrictions regarding personal trading around publication periods.

These policies may evolve as the publication grows.

18. Sponsored Content

Sponsored content may appear on Mikirduit.

Where content is sponsored or paid for by a commercial partner, we aim to label it clearly.

Possible labels may include:

Sponsored;
Sponsored Content;
Paid Partnership;
Advertisement.

Sponsored relationships do not automatically determine the editorial conclusion of independent Mikirduit research.

Sponsored material may follow a different production process from independent editorial research and should be identified accordingly.

19. Affiliate Relationships

Mikirduit may include affiliate links.

If a user clicks an affiliate link or purchases a product or service through such a link, Mikirduit may receive compensation.

Where required or appropriate, affiliate relationships will be disclosed.

Affiliate compensation does not necessarily increase the price paid by the user.

Readers should independently evaluate any service, broker, platform, software, or financial product mentioned.

20. Advertisements

Mikirduit may display advertisements from third parties.

The presence of an advertisement does not mean Mikirduit endorses the advertised product, company, security, or service.

Advertisers do not receive the right to control independent editorial conclusions merely because they advertise with Mikirduit.

21. Company Access and Communications

Mikirduit may communicate with:

public companies;
investor relations teams;
executives;
analysts;
industry experts;
other relevant sources.

Access to company management does not guarantee favorable coverage.

Companies may be offered an opportunity to clarify factual information, but Mikirduit retains editorial control over the final analysis.

22. Embargoes and Confidential Information

Mikirduit may occasionally receive information subject to embargo or confidentiality restrictions.

We aim to respect legitimate embargo agreements that we have accepted.

Mikirduit does not encourage the unlawful disclosure or use of material non-public information.

If information appears to constitute material non-public information, we may decline to use or publish it and may take other steps as appropriate.

23. Artificial Intelligence and Technology

Mikirduit may use artificial intelligence, automation, software tools, or data-processing technologies to assist parts of the editorial and research process.

These tools may be used for activities such as:

organizing information;
summarizing source material;
translating content;
checking structure or grammar;
processing financial data;
generating preliminary calculations;
identifying relevant filings;
supporting editorial workflows.

AI-generated or AI-assisted output should not be treated as authoritative by itself.

Material financial research should be reviewed before publication.

Editorial responsibility for published content remains with Mikirduit.

24. AI-Generated Images and Illustrations

Mikirduit may use AI-assisted or digitally created illustrations, graphics, or editorial images.

Such images may be used for explanatory, illustrative, or creative purposes and should not necessarily be interpreted as literal representations of actual events.

Where an image represents financial data or factual information, we aim to distinguish editorial illustration from actual data visualization.

25. Data and Third-Party Providers

Mikirduit may obtain financial or market data from:

company filings;
exchanges;
government sources;
financial databases;
market-data vendors;
other third-party providers.

Third-party data may contain errors, delays, revisions, or limitations.

Mikirduit may not independently verify every individual data point obtained from a third-party provider.

Where possible, material figures may be cross-checked against primary sources.

26. Consensus Estimates and Analyst Data

Mikirduit may refer to analyst consensus estimates, market expectations, or third-party forecasts.

Consensus estimates are not Mikirduit guarantees.

Different data providers may report different consensus figures depending on:

analyst coverage;
methodology;
update timing;
inclusion criteria.

Where material, readers should consider the source and date of consensus data.

27. Community and User Comments

Mikirduit may allow users to participate in comments or other community features.

User-generated opinions do not necessarily represent the views of PT Mikir Duit Indonesia or the Mikirduit editorial team.

Users are responsible for their own comments.

We may moderate or remove content that includes:

spam;
harassment;
misinformation;
fraudulent promotions;
unlawful content;
market manipulation;
undisclosed promotion;
other material inconsistent with our community standards.

28. No Personalized Investment Advice

Mikirduit US publishes general financial research and educational content for a broad audience.

Our articles, newsletters, valuations, rankings, screens, opinions, and other materials are not based on the specific financial circumstances of individual readers.

Nothing published by Mikirduit should be understood as personalized investment advice or individualized portfolio management.

Investors should consider their own:

financial circumstances;
investment objectives;
risk tolerance;
tax situation;
time horizon.

Where appropriate, readers should consult qualified professional advisers.

29. Investment Risk

Investing involves risk, including the possible loss of principal.

Mikirduit does not guarantee:

investment returns;
stock-price appreciation;
dividend payments;
valuation outcomes;
future earnings;
market performance.

Past performance does not guarantee future results.

30. Global Readership and U.S. Market Focus

Mikirduit US serves a global readership.

Our editorial focus is primarily on:

U.S.-listed companies;
U.S. securities;
U.S. financial markets;
global developments that affect U.S. equities.

Our focus on U.S. securities does not mean that Mikirduit US is intended exclusively for U.S. residents.

PT Mikir Duit Indonesia operates Mikirduit US from Indonesia.

Availability of our content in a jurisdiction does not constitute the provision of regulated financial services in that jurisdiction.

31. Relationship With Our Terms and Privacy Policy

This Editorial Standards & Disclosures page should be read together with our:

Those documents contain additional information regarding use of the service, privacy, liability, memberships, and other legal matters.

32. Contact the Editorial Team

Questions about our editorial standards, corrections, sourcing, or disclosures may be sent to:

PT Mikir Duit Indonesia
Operator of Mikirduit US

Editorial inquiries: redaksi@mikirduit.com
Website: us.mikirduit.com