Government won the IDR 10 Trillion SUN Auction. Bids entered in yesterday’s SUN auction were IDR 22.9 trillion, or higher than the total bids entered in the previous SUN auction of IDR 17.08 trillion. As for the total SUN auction bids this time, the government managed to absorb funds worth IDR 10 trillion to meet the indicative targets that have been set.
WSBP: Private Placement of 32.71 Billion Shares. PT Waskita Beton Precast Tbk (WSBP) will hold a private placement in a maximum of 32.71 billion to convert debt into ordinary shares. The company will seek permission from the investors at the extraordinary general meeting of shareholders to be held on December 14, 2022. Additionally, the implementation of the debt into shares conversion will be used as a source of repayment of debts to creditors as regulated in the peace agreement. (Emiten News)
Consumer Expectations of Future Economic Prospects Increase. Consumer expectations towards economic conditions for the next six months are observed to strengthen. This situation is reflected in the October 2022 Economic Condition Expectation Index (IEK), there are 128.3 or more significant than in September 2022, which was 126.1. Furthermore, the strengthening of customer expectations was mainly driven by business activities and income expectations. (Kontan)
Domestic positive sentiment. Yesterday’s market movement, amid positive sentiment from the realization of domestic economic growth in 3Q22 which grew by 5.72% YoY, as well as the rupiah exchange rate which was relatively well maintained to the level of IDR15,698/USD.
Download full report HERE.