Asia / Indonesia

Indonesia

Group Research / February 01, 2020

Photo Credit - AFP

Indonesia
 20192020f2021f2022f
GDP growth, % YoY5.0-2.14.04.5
CPI inflation, % YoY2.82.02.22.8
 3Q214Q211Q222Q223Q22
Exchange rates, end of period14,70014600145001440014300
Policy interest rates, end of period3.503.503.503.503.50

Indonesia Industry Insights

Indonesia / Real Estate
Indonesia Property: Time to take a look post-correction

Indonesia Property: Time to take a look post-correction

July 14, 2021

Indonesia’s property sector has underperformed the Jakarta Composite Index and corrected 14% since the end of May. We believe the risk-reward is now ...

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Indonesia / Communication
Indonesia Telecom: Re-rating likely from sector recovery

Indonesia Telecom: Re-rating likely from sector recovery

July 08, 2021

We expect Indonesia’s mobile sector to register 4%/7% revenue growth in FY21F/22F and that will likely drive a re-rating of telecom stocks.

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Indonesia / Financials
Indonesia Banks: COVID concerns resurface

Indonesia Banks: COVID concerns resurface

July 05, 2021

We expect Indonesian banks’ loan growth to gradually recover in 2H21F but this could be negatively affected in the near term by the lockdown.

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Indonesia Economics Insights

Indonesia / FX
Indonesia’s onshore bond and FX markets – a primer

Indonesia’s onshore bond and FX markets – a primer

June 22, 2021

We present our flagship investment primer report on Indonesia’s bond and FX markets.

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Indonesia / Fiscal,Monetary,GDP
Stacking up Indonesia’s policy stance against other EMs

Stacking up Indonesia’s policy stance against other EMs

February 09, 2021

The events of 2020 put significant strain on Indonesia’s fiscal and monetary policies.

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Indonesia / Economics & Strategy
Indonesia Outlook 2021: Beyond the pandemic

Indonesia Outlook 2021: Beyond the pandemic

November 30, 2020

Into 2021, the authorities will continue to balance the health crisis vs recovery needs until mass vaccination isachieved.\n.

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Indonesia Economics Daily

Indonesia / GDP
Indonesia/Thailand: Bumpy road to recovery

Indonesia/Thailand: Bumpy road to recovery

July 21, 2021

The pandemic delays the region’s rebound expectations.

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Indonesia / GDP
Indonesia: In pandemic firefighting mode

Indonesia: In pandemic firefighting mode

July 09, 2021

Indonesia is facing a sharp rise in Covid cases, pressurising public health facilities.

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Indonesia / Rates
Bank Indonesia: a balancing act

Bank Indonesia: a balancing act

June 17, 2021

Thursday’s policy decision held little surprise, as the benchmark rate was held unchanged at 3.5%.

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Indonesia Equities

Indonesia / Equities
Indonesia Market: Positioning for a rough ride

Indonesia Market: Positioning for a rough ride

July 02, 2021

Although JCI’s valuation is cheaper than peers, we recommend investors to be defensive given the uncertainty on how long the stringent COVID-19 measu...

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Indonesia / Equities
Indonesia Market: Stricter measures but no lockdown yet

Indonesia Market: Stricter measures but no lockdown yet

June 23, 2021

Indonesia’s implementation of stricter measures on mobility to curb the spread of COVID-19 will hurt some sectors more than others.

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Indonesia / Equities
Indonesia Market: Easing pressures

Indonesia Market: Easing pressures

June 03, 2021

We believe external pressures on the Jakarta Composite Index seem to be abating for now, presenting buying opportunities for laggards and underperfor...

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The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

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