1 December 2021
Although social-activity restrictions (PPKM) were re-tightened at the beginning of third quarter as Delta-variant struck, Indonesia was able to maintain recovery momentum with 3Q21 GDP growth of 1,55% QoQ or 3.51% YoY.
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24 June 2021
With the economic recovery going slower than expected, projection for Indonesian 2021 GDP growth was cut to 4.1% -5.1%.
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11 December 2020
Under the 2021 Macroeconomic assumptions, the government is targeting an economic growth of 4.5% - 5.5%. If this recovery can be achieved, Indonesia will return to its long-term economic growth.
Meanwhile, NHKSI research sets a base case 2021 JCI target of 6,800; which implies a forward P/E of 18.1x. Our top picks for 2021 include: Banking (BBNI, BMRI); Consumer Goods (MYOR, KLBF); Telecommunication (TOWR, TLKM,EXCL); and Property (CTRA, PWON).
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11 November 2020
Indonesia officially entered into a recession zone after posting negative economic growth for 2 consecutive quarters. However, the JCI drew strength from US election where Joe Biden is projected to be the winner.
This is reinforced by the chance that GOP will retain a majority seat in the senate, which would block any policy plans that deemed unfavorable to business. Other than thatwe are trying to identify companies
which performed well in 3Q20.
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15 October 2020
Bank Indonesia (BI) has set the BI Seven Days Reverse Repo Rate (BI 7-DRRR) at 4% for the October 2020 period, or has held the benchmark interest rate for 4 consecutive months.
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