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 Pulse In the Spotlight</li><li>Global Risk-Off Finally Catches Up to JCIJCI fell 1.43% w-w to 6,541.38, its first weekly decline in three weeks, reversing an intra-week high of 6,686 (Wed) as a string of global shocks landed in quick succession:</li><li>Brent surged roughly 9% on the week to $104.61/bbl as Saudi Arabia shut its East-West pipeline as a precaution and Iran-backed Houthis advanced toward positions threatening the Strait of Hormuz</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 Pulse In the SpotlightGlobal Risk-Off Finally Catches Up to JCIJCI fell 1.43% w-w to 6,541.38, its first weekly decline in three weeks, reversing an intra-week high of 6,686 (Wed) as a string of global shocks landed in quick succession:Brent surged roughly 9% on the week to $104.61/bbl as Saudi Arabia shut its East-West pipeline as a precaution and Iran-backed Houthis advanced toward positions threatening the Strait of HormuzContent 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 – Brent vs. Coal Price

Macroeconomics

<ul><li>BRIDS Market PulseIn the SpotlightMarket and Sector Performance.</li><li>JCI rose 1.93% wow to 6,525.69, its best weekly gain in five weeks, with the advance broadening beyond the commodity and small cap names that had carried the index through Jul26 and early Aug26.</li><li>The rupiah strengthened in step, ending at Rp17,693/US$ from Rp17,825, a 0.74% wow gain.</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 rose 1.93% wow to 6,525.69, its best weekly gain in five weeks, with the advance broadening beyond the commodity and small cap names that had carried the index through Jul26 and early Aug26.The rupiah strengthened in step, ending at Rp17,693/US$ from Rp17,825, a 0.74% wow gain.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 – ISAT 3-Year Forward PE Multiple Band

<ul><li>BRIDS Market Pulse In the spotlight JCI major correction and foreign outflow post MSCI comment JCI posted a -6.9% w-w correction alongside US$831mn of foreign outflows following MSCI’s latest statement on Indonesia.</li><li>Selling pressure was most visible in index-aspirant names (IMPC, BUMI, MORA), followed by several MSCI-heavy / large-liquid names (BREN, BRMS, BBCA, DSSA).</li><li>On the other hand, GOTO outperformed on domestic and foreign buying amid renewed merger speculation...</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 Pulse In the spotlight JCI major correction and foreign outflow post MSCI comment JCI posted a -6.9% w-w correction alongside US$831mn of foreign outflows following MSCI’s latest statement on Indonesia.Selling pressure was most visible in index-aspirant names (IMPC, BUMI, MORA), followed by several MSCI-heavy / large-liquid names (BREN, BRMS, BBCA, DSSA).On the other hand, GOTO outperformed on domestic and foreign buying amid renewed merger speculation...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 – JCI vs. LQ45 Forward P/E Band

<ul><li>Equity Strategy: Tactical Relief In Play, Sector Mispricing Still Offers Room.</li><li>Improved policy signals have driven the anticipated relief rally in JCI, despite deeper trough which reflected concerns on sovereign rating cut.</li><li>We retain our Dec 26 JCI target at 7,200 which still implies asymmetry from current level, subject to benign S&amp;P and MSCI review outcomes. </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.

Equity Strategy: Tactical Relief In Play, Sector Mispricing Still Offers Room.Improved policy signals have driven the anticipated relief rally in JCI, despite deeper trough which reflected concerns on sovereign rating cut.We retain our Dec 26 JCI target at 7,200 which still implies asymmetry from current level, subject to benign S&amp;P and MSCI review outcomes. 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.

Equity Strategy: Tactical Relief In Play, Sector Mispricing Still Offers Room

<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)

Indonesia

The Jakarta Stock Price Index is a modified capitalization-weighted index of all stocks listed on the regular board of the Indonesia Stock Exchange. The index was developed with a base index value of 100 as of August 10, 1982. Please look at CDR JA<GO> for exchange trading days.

Jakarta Stock Exchange Composite Index (JCI INDEX)

Jakarta Stock Exchange Composite Index (JCI INDEX)

BRIDS Market Pulse: Chart of the week – Brent vs. Coal Price

Brent surged roughly 9% on the week to $104.61/bbl as Saudi Arabia shut its East-West pipeline as a precaution and Iran-backed Houthis advanced...

BRI Danareksa Research

BRIDS Market Pulse: Chart of the Week – ISAT 3-Year Forward PE Multiple Band

JCI rose 1.93% wow to 6,525.69, its best weekly gain in five weeks, with the advance broadening beyond the commodity and small cap names that had...

BRI Danareksa Research

BRIDS Market Pulse: Chart of the week – JCI vs. LQ45 Forward P/E Band

Selling pressure was most visible in index-aspirant names (IMPC, BUMI, MORA), followed by several MSCI-heavy / large-liquid names (BREN, BRMS,...

BRI Danareksa Research

Equity Strategy: Tactical Relief In Play, Sector Mispricing Still Offers Room

Improved policy signals have driven the anticipated relief rally in JCI, despite deeper trough which reflected concerns on sovereign rating cut.

BRI Danareksa Research

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