Asia / Indonesia

Indonesia

Group Research / February 01, 2020

Photo Credit - AFP

Indonesia
 201820192020f2021f
GDP growth, % YoY5.25.0-1.03.5
CPI inflation, % YoY3.22.82.01.6
 3Q204Q201Q212Q213Q21
Exchange rates, end of period14,71014,57014,43014,29014,140
Policy interest rates, end of period4.004.004.004.004.00

Indonesia Industry Insights

Indonesia / Financials
All eyes on Bank Indonesia

All eyes on Bank Indonesia

September 18, 2020

We are closely watching the development of the new draft bill which may undermine Bank Indonesia’s independence and role of banking supervision and r...

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Indonesia / Consumer Staples
Gloomy outlook ahead for Indonesia consumer plays

Gloomy outlook ahead for Indonesia consumer plays

September 11, 2020

The decision to re-implement large-scale social restrictions in Jakarta will negatively impact consumer sentiment. But not all consumer plays will be...

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Indonesia / Consumer Staples
Culling programme to boost poultry prices

Culling programme to boost poultry prices

September 01, 2020

Although the Indonesian government’s new culling mandate is a positive catalyst for the poultry sector, we are maintaining our neutral view. Fi...

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Indonesia Economics Insights

Indonesia / Fiscal, GDP
Indonesia: Fiscal and growth dynamics

Indonesia: Fiscal and growth dynamics

July 15, 2020

Indonesia’s fiscal dynamics look manageable at this juncture, but pandemic impact on growth.

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Indonesia / Growth, Rates
Indonesia: Surfacing economic weakness

Indonesia: Surfacing economic weakness

August 16, 2019

Indonesia recorded a stable growth of 5% in 2Q19, contrary to the downward growth trend elsewhere. Fiscal lever could sustain growth momentum at its ...

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Indonesia / GDP
Pressure eases on Indonesia’s trade balance

Pressure eases on Indonesia’s trade balance

April 18, 2019

March trade balance recorded a surplus, marking two consecutive months of surplus.

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Indonesia Economics Daily

Indonesia / Interest Rates
Indonesia: Monetary policy walks a tightrope

Indonesia: Monetary policy walks a tightrope

September 18, 2020

Bank Indonesia extended its pause on rates for a second consecutive month.

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Indonesia / Inflation
Indonesia: Tough policy choices amid downside risks

Indonesia: Tough policy choices amid downside risks

September 07, 2020

While further rate cuts are unlikely, a strong fiscal response will rest of the central bank’s participation, something that the markets continue to ...

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Indonesia / GDP, Rates
Indonesia: Beyond 2Q GDP slump, gradual updrift likely

Indonesia: Beyond 2Q GDP slump, gradual updrift likely

August 05, 2020

Indonesia 2Q GDP slumped -5.3% y/y surpassing consensus.

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Indonesia Equities

Indonesia / Equity Picks
Indonesia Equity Picks

Indonesia Equity Picks

September 03, 2020

Buoyed by domestic investors

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Indonesia / Equities
Indonesia Market Strategy: Stay Safe

Indonesia Market Strategy: Stay Safe

March 16, 2020

Even though the valuation on the Jakarta Stock Exchange Composite Index is cheap, we recommend investors to remain selective as things can get worse ...

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Indonesia / Equities
Indonesia 2020 Market Outlook: When the growing gets tough

Indonesia 2020 Market Outlook: When the growing gets tough

December 19, 2019

Optimism already building up for Indonesian equity markets as worries of domestic overhang fade away.

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Disclaimers and Important Notices

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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PT Bank DBS Indonesia, DBS Bank Tower, 33rd floor, Ciputra World 1, Jalan Prof. Dr. Satrio Kav 3-5, Jakarta, 12940, Indonesia. Tel: 62-21-2988-4000. Company Registration No. 09.03.1.64.96422