In today’s briefing:
- Avia Avian (AVIA IJ): Indonesia’s Largest Paint Manufacturer Ramping up Capacity +80%
Avia Avian (AVIA IJ): Indonesia’s Largest Paint Manufacturer Ramping up Capacity +80%
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Indonesian equities are clearly out of favor. Our friends at Variant Perception recently noted a negative bubble signal in MSCI Indonesia, suggesting recent panic selling.
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One of the stocks that has declined a fair bit is Indonesian paint manufacturer Avia Avian (AVIA IJ – US$1.1 billion) (“Avian”).
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This company is often seen as a proxy for the Indonesian consumer. And the consumer is weak right now, hurt by the high interest rate environment and rising import costs.
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