External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

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. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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)

Indonesia Financials / Thematic (Sector/Industry)

<ul><li>JCI posted a second consecutive week of sharp correction, down - 4.7% w-w, putting the market as the worst performer within EM YTD (-8.2% YTD).</li><li>The week’s correction was led by the conglo-related/ exindex aspirant names (DSSA -13.8% w-w, MORA -52.5%, FILM -55.3% w-w, BREN -5.9%) and metal plays, with TLKM the only fundamental names seeing a sharp correction on the back of market talks of a potential accelerated asset depreciation.</li><li>Investors’ rotation into fundamental names drove outperformances in Consumers (+7.2% ww), Cigarettes (+6.4%), Auto (5.5%) and Banks (+2.6%) though the momentum was slowed by the news on Moody’s outlook revision at the end of the week.</li></ul><p><em>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.</em></p>

JCI posted a second consecutive week of sharp correction, down - 4.7% w-w, putting the market as the worst performer within EM YTD (-8.2% YTD).The week’s correction was led by the conglo-related/ exindex aspirant names (DSSA -13.8% w-w, MORA -52.5%, FILM -55.3% w-w, BREN -5.9%) and metal plays, with TLKM the only fundamental names seeing a sharp correction on the back of market talks of a potential accelerated asset depreciation.Investors’ rotation into fundamental names drove outperformances in Consumers (+7.2% ww), Cigarettes (+6.4%), Auto (5.5%) and Banks (+2.6%) though the momentum was slowed by the news on Moody’s outlook revision at the end of the week.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 – Consumer Sector P/E Band