Macro and Flows Tracker - Rising External Risks
Yield volatility and heightened China risk factor has led to recent market volatility resulting in outflow from both Equity and Fixed Income.
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Macro and Flows Tracker - Not All Is Well
The global manufacturing sector depicted some positive signs in July, with more countries reporting stronger activity, including Indonesia
456 Views
Bank Mandiri (BMRI IJ) - Continuing to Impress
We reiterate our BUY call on BMRI with a higher GGM-derived TP of IDR7,500 (implying 2.5x 2024F PBV) as we roll over our valuation to next year...
308 Views
Macro and Flows Tracker - Stay Vigilant
While US debt ceiling negotiation remains at a stalemate, inflow appears to have resumed with modest cIDR400b in the 3rd week of May, which we...
313 Views
Bank Mandiri (BMRI IJ): CASA Games Going Strong
We maintain our BUY call on BMRI with an unchanged GGM-derived TP of IDR6,000 (implying 2.3x 2023F PBV) post the decent 1Q23 results.
307 Views