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.

Macroeconomics

<ul><li>JCI’s correction was driven primarily by declines in conglo names (e.g., BREN, CUAN, BRPT, BUMI, DEWA), alongside noticeably weaker retail liquidity ahead of the holiday season.</li><li>Meanwhile, large-cap banks (BMRI, BBRI, BBCA) led the gainers following neutral management-change news from the EGM, supported also by newly-listed SUPA.</li><li>Foreign fund flow was maintained at at US$196mn (all market), despite outflows in previous weeks’ momentum names (BUMI, DEWA) and continued outflows in large-cap banks (BBRI).</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.

JCI’s correction was driven primarily by declines in conglo names (e.g., BREN, CUAN, BRPT, BUMI, DEWA), alongside noticeably weaker retail liquidity ahead of the holiday season.Meanwhile, large-cap banks (BMRI, BBRI, BBCA) led the gainers following neutral management-change news from the EGM, supported also by newly-listed SUPA.Foreign fund flow was maintained at at US$196mn (all market), despite outflows in previous weeks’ momentum names (BUMI, DEWA) and continued outflows in large-cap banks (BBRI).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 Market Cap Conglo Vs. Ex-Conglo

Thematic (Sector/Industry)

<ul>
<li>JCI closed slightly up (+0.3% w-w) despite correcting from all-time high level during the week.</li>
<li>In terms of performance, however, the market was mainly driven by the conglo names (BUMI +54.6% w-w, BRMS +25.5%, DSSA), while the fundamental stocks underperformed (BBCA -3.6% w-w, TLKM -4.1%, BMRI -1.6%).</li>
<li>Within our coverage universe, the Metal sector has regained leadership (+9.5% w-w), following recovery in gold price, followed by Media (+6.2% w-w, led by SCMA) and Tech (+2.0% w-w, led by GOTO); Industrial Estate, Heavy Equipment and Cigarettes underperformed.</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.


JCI closed slightly up (+0.3% w-w) despite correcting from all-time high level during the week.
In terms of performance, however, the market was mainly driven by the conglo names (BUMI +54.6% w-w, BRMS +25.5%, DSSA), while the fundamental stocks underperformed (BBCA -3.6% w-w, TLKM -4.1%, BMRI -1.6%).
Within our coverage universe, the Metal sector has regained leadership (+9.5% w-w), following recovery in gold price, followed by Media (+6.2% w-w, led by SCMA) and Tech (+2.0% w-w, led by GOTO); Industrial Estate, Heavy Equipment and Cigarettes underperformed.

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>JCI rose to reach another all-time high level of 8,600, before closing the week +1.1% w-w, lifting YTD performance to +20.2%.</li><li>The week’s gains were led by select conglomerate-group stocks (e.g., DSSA +10.0%, CUAN +18.6%, PTRO +11.7%, RATU +23.1% w-w), while large-cap banks lagged (BBRI -7.1%, BBCA -1.5%, BMRI -2.4% w-w).</li><li>For sectors under our coverage, Industrial Estate (+5.5% w-w), Telco (+3.4%) and Heavy Equipment (+3.6%) outperformed, while Banks (-3.1% w-w) and Retailers (-2.3%) were laggards on the back of still soft Oct25 earnings.</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.

JCI rose to reach another all-time high level of 8,600, before closing the week +1.1% w-w, lifting YTD performance to +20.2%.The week’s gains were led by select conglomerate-group stocks (e.g., DSSA +10.0%, CUAN +18.6%, PTRO +11.7%, RATU +23.1% w-w), while large-cap banks lagged (BBRI -7.1%, BBCA -1.5%, BMRI -2.4% w-w).For sectors under our coverage, Industrial Estate (+5.5% w-w), Telco (+3.4%) and Heavy Equipment (+3.6%) outperformed, while Banks (-3.1% w-w) and Retailers (-2.3%) were laggards on the back of still soft Oct25 earnings.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 – BBCA’s P/BV band chart (5-year)

<ul><li>JCI extended rally, though still driven by conglo stocks; foreign selling persisted.</li><li>The JCI extended its rally (+1.7% w-w) to close at a new record high of 8,528, lifting YTD gains to 16.6% and outperforming most ASEAN peers, except Singapore’s STI index.</li><li>Conglomerate names (CUAN +51.9%, BRPT +11.2%, CDIA +34.1%) continued to drive weekly gains, while largecap banks lagged, with BBCA (-1.7%) and BMRI (-1.4%) under pressure; BBRI was the only bank ending the week in positive territory. </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.

JCI extended rally, though still driven by conglo stocks; foreign selling persisted.The JCI extended its rally (+1.7% w-w) to close at a new record high of 8,528, lifting YTD gains to 16.6% and outperforming most ASEAN peers, except Singapore’s STI index.Conglomerate names (CUAN +51.9%, BRPT +11.2%, CDIA +34.1%) continued to drive weekly gains, while largecap banks lagged, with BBCA (-1.7%) and BMRI (-1.4%) under pressure; BBRI was the only bank ending the week in positive territory. 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. VIX index

<ul><li>JCI recorded another positive week, up 0.6% w-w, outperforming majority of EM peers.</li><li>This brought YTD performance to 14%, better than the ASEAN peers albeit still lagging behind HK (30%) and Korean (41%) markets.</li><li>However, like in the previous week, JCI’s performance continued to be supported by conglo group stocks (BRPT +23% w-w) and the mining sector (MBMA +23%, BRMS +10%).</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.

JCI recorded another positive week, up 0.6% w-w, outperforming majority of EM peers.This brought YTD performance to 14%, better than the ASEAN peers albeit still lagging behind HK (30%) and Korean (41%) markets.However, like in the previous week, JCI’s performance continued to be supported by conglo group stocks (BRPT +23% w-w) and the mining sector (MBMA +23%, BRMS +10%).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 – LQ45 Index vs. USDIDR

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 – JCI Market Cap Conglo Vs. Ex-Conglo

JCI’s correction was driven primarily by declines in conglo names (e.g., BREN, CUAN, BRPT, BUMI, DEWA), alongside noticeably weaker retail...

BRI Danareksa Research

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

In terms of performance, however, the market was mainly driven by the conglo names (BUMI +54.6% w-w, BRMS +25.5%, DSSA), while the fundamental...

BRI Danareksa Research

BRIDS Market Pulse: Chart of the week – BBCA’s P/BV band chart (5-year)

JCI rose to reach another all-time high level of 8,600, before closing the week +1.1% w-w, lifting YTD performance to +20.2%.

BRI Danareksa Research

BRIDS Market Pulse: Chart of the week – JCI vs. VIX index

The JCI extended its rally (+1.7% w-w) to close at a new record high of 8,528, lifting YTD gains to 16.6% and outperforming most ASEAN peers,...

BRI Danareksa Research

BRIDS Market Pulse: Chart of the week – LQ45 Index vs. USDIDR

This brought YTD performance to 14%, better than the ASEAN peers albeit still lagging behind HK (30%) and Korean (41%) markets.

BRI Danareksa Research