BRIDS Market Pulse: Chart of the week – Foreign investors’ ownership in Big-4 Banks
JCI’s volatility and foreign outflow continued. JCI closed the week -0.2% w-w, bouncing back from the week’s low, though still underperforming most...
131 Views
Indonesia: Macro Stability and Attractive Valuations Create a Buying Opportunity
Equity valuations (11.75x trailing PER) are attractive (vs 20yr mean of 16.2x). Shrinking CAD helps stabilize IDR, likely allowing a rate cut this...
316 Views
Indonesia: Prabowo Risk Beginning to Hurt IDR, Requiring Tighter Money
Despite a smaller fiscal deficit (1.6% of GDP) in 2023, markets are pricing in "Prabowo risk". The switch to a current account deficit will...
381 Views
Elections Likely to Hand a Decisive Mandate to Strongman Prabowo
​Controversial ex-general Prabowo is poised to win the presidential election with Jokowi's son as his running-mate, potentially leading to unstable...
419 Views
Indonesia: Attractively Valued Amid Good Growth with Low Inflation and CA Surplus
With a real policy rate of +2.23% & 3.5% IDR appreciation ytd, BI saw no need to match the US rate hike. Solid 5%+ RGDP growth with a CA surplus...
317 Views