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17 April 2026 NEW!

Daily Report | 17 Apr 2026

The JCI closed flat at -0.03% in the red zone at 7,621.4, as some market participants a...

Research

17 April 2026 NEW!

XA Update Report | PT Samudera Indonesia Tbk. (...

We maintain our BUY rating on SMDR with an upgraded TP of IDR 500 (Previously IDR 400) ...

15 October 2020

Sukuk Auction Results | Deflation Holds Interest Rate

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.

8 October 2020

Omnibus Law in the Midst of Recession

The JCI fell sharply by -7.03% in September, ending a long market rally which started at the end of March. This was accompanied by a massive amount of foreign net sell which recorded at IDR 15.5 Trillion. Meanwhile, the Omnibus Law on Job Creation was passed in early October which will impact the economy and stock market. Furthermore, as Indonesia set to enter its first recession in 20 years, we revisit the 1998 monetary crisis to get a glimpse on how investors can prepare for a recession.

1 October 2020

Green Shoe Option Ends 3Q20 Sharia Bond Auction

Due to low interest in PBS003, the government only sold IDR6.4 trillion Government Sharia Bond (sukuk) on Tuesday (29/09) or under the indicative target of IDR10 trillion.

18 September 2020

Import Remains Weak, Dimmer Outlook Ahead

In August 2020, Indonesia had a trade balance surplus of USD 2.33 Bn. However, the still weak import figure indicated that both domestic production and demand remained low. Meanwhile, Bank Indonesia decided to keep the BI-7DRRR rate at 4.00% in order to maintain stability of Indonesian Rupiah. The re-enforcement of PSBB potentially will hold down the economic recovery.

9 September 2020

Government Spending to Support Recovery

The JCI had a modest monthly gain of 1.73% last month, continuing its rally since March. Key economic indicators continued to improve, highlighted by Foreign Reserves which reached all-time high level and PMI Manufacture returning to expansion zone. Meanwhile, the announcement of 2021 State Budget gave us some indications on which sectors will reap benefit next year.