External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Thematic (Sector/Industry)

<ul><li>BRIDS Market PulseIn the SpotlightMarket and Sector Performance JCI recorded its sharpest weekly gain of 2026, rising approximately 7.4% w-w to close at ~6,008 on Friday (Jun 12), the first weekly gain in eight consecutive weeks.</li><li>Monday (Jun 8) opened on the back foot with the index falling ~2.9% intraday as the rupiah weakened beyond Rp18,100/USD.</li><li>The inflection came following BI Governor and Finance Minister Purbaya joint press conference on the previous weekend, committing to increase...</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Market PulseIn the SpotlightMarket and Sector Performance JCI recorded its sharpest weekly gain of 2026, rising approximately 7.4% w-w to close at ~6,008 on Friday (Jun 12), the first weekly gain in eight consecutive weeks.Monday (Jun 8) opened on the back foot with the index falling ~2.9% intraday as the rupiah weakened beyond Rp18,100/USD.The inflection came following BI Governor and Finance Minister Purbaya joint press conference on the previous weekend, committing to increase...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Market Pulse: Chart of the week – Banking Sector PBV Band Chart (5-Year)

<ul><li>Macro Strategy After the Hike, What’s Next BI’s 50 bps hike signals stronger IDR stabilization focus, tighter FX controls, elevated short end yields, and targeted growth support.</li><li>Current episode appears defensive and FX-driven, contained inflation limits hike risks as govt keeps fuel prices unchanged.</li><li>We highlight the key factors behind BI’s rate hike decision and revise our scenario band, with 10Y yields at 6.7% to 7.3%. Stability Moves To The Fore. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro Strategy After the Hike, What’s Next BI’s 50 bps hike signals stronger IDR stabilization focus, tighter FX controls, elevated short end yields, and targeted growth support.Current episode appears defensive and FX-driven, contained inflation limits hike risks as govt keeps fuel prices unchanged.We highlight the key factors behind BI’s rate hike decision and revise our scenario band, with 10Y yields at 6.7% to 7.3%. Stability Moves To The Fore. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro Strategy: After the Hike, What’s Next

<ul><li>IDR undervaluation is widening, but persistent external pressure raises structural shift risks and increases BI hike probability.</li><li>Outflow risks remain the key catalyst, keeping pressure on market and FX, reinforcing the need for stronger stability measures.</li><li>Bond and equity divergence continued, with recent foreign inflows into SBN contrasting with persistent equity foreign outflows</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IDR undervaluation is widening, but persistent external pressure raises structural shift risks and increases BI hike probability.Outflow risks remain the key catalyst, keeping pressure on market and FX, reinforcing the need for stronger stability measures.Bond and equity divergence continued, with recent foreign inflows into SBN contrasting with persistent equity foreign outflowsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, May 18, 2026

Macroeconomics

<ul><li>Stability is taking priority as BI tightens liquidity, supports SRBI inflows, and stabilizes long-end yields through intervention.</li><li>MoF’s BSF revival strengthens stability, absorbing bond volatility, though price distortion and liquidity risks need monitoring.</li><li>Warsh’s framework could steepen the US yield curve, pressuring EM flows and domestic long-end yields. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stability is taking priority as BI tightens liquidity, supports SRBI inflows, and stabilizes long-end yields through intervention.MoF’s BSF revival strengthens stability, absorbing bond volatility, though price distortion and liquidity risks need monitoring.Warsh’s framework could steepen the US yield curve, pressuring EM flows and domestic long-end yields. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, May 11, 2026

<ul><li>The brief reopening of the Strait of Hormuz following a temporary truce initially pushed Brent down nearly 10% to USD86/bbl, but the relief proved short-lived.</li><li>The US maintained its naval blockade, while Iran imposed strict transit conditions that effectively preserved its control over maritime flows.</li><li>Tensions escalated again when Iran reclosed the Strait in response to continued US pressure, sending Brent back above USD100/bbl. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The brief reopening of the Strait of Hormuz following a temporary truce initially pushed Brent down nearly 10% to USD86/bbl, but the relief proved short-lived.The US maintained its naval blockade, while Iran imposed strict transit conditions that effectively preserved its control over maritime flows.Tensions escalated again when Iran reclosed the Strait in response to continued US pressure, sending Brent back above USD100/bbl. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Monthly Update Economic & Fixed Income Research April 2026

Indonesia 10Y (GIDR10YR INDEX)

BRIDS Market Pulse: Chart of the week – Banking Sector PBV Band Chart (5-Year)

JCI recorded its sharpest weekly gain of 2026, rising approximately 7.4% w-w to close at ~6,008 on Friday (Jun 12), the first weekly gain in eight...

BRI Danareksa Research

Macro Strategy: After the Hike, What’s Next

Macro Strategy After the Hike, What’s Next BI’s 50 bps hike signals stronger IDR stabilization focus, tighter FX controls, elevated short end...

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, May 18, 2026

IDR undervaluation is widening, but persistent external pressure raises structural shift risks and increases BI hike probability. Outflow risks...

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, May 11, 2026

Stability is taking priority as BI tightens liquidity, supports SRBI inflows, and stabilizes long-end yields through intervention.

BRI Danareksa Research

BRIDS Monthly Update Economic & Fixed Income Research April 2026

The brief reopening of the Strait of Hormuz following a temporary truce initially pushed Brent down nearly 10% to USD86/bbl, but the relief proved...

BRI Danareksa Research