Daily BriefsIndonesia

Daily Brief Indonesia: Dian Swastatika Sentosa, Medco Energi and more

In today’s briefing:

  • Dian Swastatika Sentosa (DSSA IJ): Surprise, Surprise!
  • Lucror Analytics – Morning Views Asia


Dian Swastatika Sentosa (DSSA IJ): Surprise, Surprise!

By Brian Freitas

  • Dian Swastatika Sentosa (DSSA IJ) will be added to a global index in August and that should come as a surprise to most of the market.
  • The stock is up 10x over the last 18 months and liquidity has shown a marked improvement in the last year.
  • Dian Swastatika Sentosa (DSSA IJ) trades at nosebleed valuations and there is the risk of a sell off following index inclusion.

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Medco Energi, Bharti Airtel
  • UST yields ended mixed yesterday, with the curve twisting steeper, following a soft auction for 10Y notes that tailed by 1 bp.
  • The yield on the 2Y UST declined 1 bp to 3.71%, while that on the 10Y UST was up 2 bps at 4.23%. Equities rebounded from Tuesday’s dip, with the S&P 500 and Nasdaq rising 0.7% and 1.2%, respectively.

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