Bloomberg 2024-02-25
Goldman Sachs raises its view on Indonesian stocks to overweight following the result of the elections, which saw Defense Minister Prabowo Subianto declare victory.
■ Lifts JCI target to 8,000 from 7,800 on better earnings growth
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Jakarta/Singapore - 05 Feb 2024: Fitch Ratings has revised the Outlook on PT Indosat Tbk's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive from Stable, and affirmed the IDRs and the senior unsecured rating at 'BBB-'.
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Indonesia GDP Growth Rate YoY Q3-2023
Previous: 5.17%
Forecast: 5.1%
Consensus: 5.05%
Actual: 4.94%
Indonesia GDP Growth Rate QoQ Q3-2023
Previous: 3.86%
Forecast: 1.6%
Consensus: 1.71%
Actual: 1.60%
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Indonesia Trade Balance August 2023
• Trade Balance: $3.12 bn (estimate +$1.5 bn)
• Export: $22 bn (-21.21% YoY) (estimate -22.60%)
• Import: $18.88 bn (-14.77% YoY) (estimate -9.0%)
Source: Bank Indonesia, Bloomberg, Lotus Sekuritas
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(Bloomberg) -- BCA Sekuritas analyst Muhammad Ramadhan cut the recommendation on Industri Jamu Dan Farmasi Sido Muncul Tbk PT to hold from buy.
* PT set to IDR670, implies a 3.9% increase from last price.
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(Bloomberg) EQUITIES:
* Bank Jago (ARTO IJ): Bank Jago Raised to Neutral at JPMorgan; PT IDR2,700
* Sumber Alfaria (AMRT IJ): Sumber Alfaria Rated New Buy at Citi; PT IDR3,500
* Summarecon Agung (SMRA IJ): Summarecon Agung Cut to Add at PT Sinarmas; PT IDR755
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(Bloomberg) EQUITIES:
* Sarana Menara (TOWR IJ): Sarana Menara Reinstated Outperform at Macquarie; PT IDR1,200
* Mitratel (MTEL IJ): Mitratel Rated New Outperform at Macquarie; PT IDR900
* Tower Bersama (TBIG IJ): Tower Bersama Reinstated Neutral at Macquarie; PT IDR2,000
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(Bloomberg) EQUITIES:
* Merdeka Copper (MDKA IJ): Merdeka Copper Rated New Outperform at CICC; PT IDR4,055
* United Tractors (UNTR IJ): United Tractors Reinstated Buy at OCBC Sekuritas; PT IDR31,000
* GoTo (GOTO IJ): GoTo Raised to Buy at Aletheia Capital; PT IDR140
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(Bloomberg) EQUITIES:
* GoTo (GOTO IJ): GoTo Rated New Overweight at JPMorgan; PT IDR135
* Bank Negara Indonesia (BBNI IJ): Mewah Intl Accepts ~$120m of Facilities From BNI
* Indika Energy (INDY IJ): Asia-Pacific Coal Miners Can Cope With Price Decline: Moody’s
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MSCI AUGUST 2023 INDEX REVIEW
Announcement date August 10, 2023, All changes will take place as of the close of August 31, 2023, Effective date September 01, 2023
INDONESIA
• MSCI Small Cap Indexes List
Additions : AUTO, CUAN, SMSM
Deletions : CMRY, DMMX, TMAS, WSKT
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