External broker reports(aggregated public sources), MNC Sekuritas

MNC Sekuritas

MNC Sekuritas, the first wholly-owned subsidiary established by the Group back in 1989, provides a complete range of services, from equity, fixed income, investment banking to providing research to optimize clients’ investments. Thus far, the company has more than 140 points of sales with over 100,000 clients. 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)

Thematic (Sector/Industry)

Indonesia Financials / Thematic (Sector/Industry)

<ul><li>Indonesia’s economy grew 4.87% YoY in 1Q25, slowing from 5.02% in 4Q24 and marking the weakest pace since 3Q21, with nominal GDP reaching IDR5,666 trillion. </li><li>The government’s IDR24.44 trillion stimulus package for June–July 2025 reflects efforts to counter growth risks, but its impact on Q2 and Q3 consumption may be limited.</li><li>The rupiah rose 1.3% over the past four weeks, supported by foreign bond inflows, a weaker DXY, and improved EM risk appetite despite slowing growth.</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>

Indonesia’s economy grew 4.87% YoY in 1Q25, slowing from 5.02% in 4Q24 and marking the weakest pace since 3Q21, with nominal GDP reaching IDR5,666 trillion. The government’s IDR24.44 trillion stimulus package for June–July 2025 reflects efforts to counter growth risks, but its impact on Q2 and Q3 consumption may be limited.The rupiah rose 1.3% over the past four weeks, supported by foreign bond inflows, a weaker DXY, and improved EM risk appetite despite slowing growth.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.

Macro & Market Perspective June 16, 2025