In today’s briefing:
- Perusahaan Listrik (PLN) – Tear Sheet – Lucror Analytics
- Lucror Analytics – Morning Views Asia
Perusahaan Listrik (PLN) – Tear Sheet – Lucror Analytics
- We view Perusahaan Listrik Negara (PLN) as “Low Risk” on our LARA scale, primarily driven by the company’s strategic importance to Indonesia and SOE status (100% owned by the government).
- PLN controls a 62% share of Indonesia’s upstream power generation, and is also the country’s sole downstream electric utility.
- The company plays a critical role in ensuring affordable and reliable access to electricity for the population, as well as helping Indonesia transition to cleaner energy in the upstream sector (away from coal).
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Cikarang Listrindo
- In the US, January new home sales fell 10.5% m-o-m to a three-month low of 657 k annualised units (680 k e / 734 k p). The decline reflects weather conditions (as several regions experienced record snowfall in January), as well as affordability concerns amid high prices and mortgage rates. Separately, building permits fell 0.6% (-0.7% p) in the same month.
- Atlanta Fed President Raphael Bostic said the US central bank should hold interest rates where they are and retain a “restrictive posture”. He added: “You can say that we are hitting our employment mandate, and now we have to get the price stability mandate under control.”
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