Asia / Indonesia

Indonesia

Group Research / October 01, 2019

Photo Credit - AFP

Indonesia
 20182019f2020f2021f
GDP growth, % YoY5.25.05.05.1
CPI inflation, % YoY3.23.13.43.2
 1Q202Q203Q204Q201Q21
Exchange rates, end of period14,20014,30014,40014,50014,450
Policy interest rates, end of period4.504.504.504.504.50

Indonesia Industry Insights

Indonesia / Consumer
Indonesia’s Consumer Market: 1 country, 18,000 islands and 260m baskets

Indonesia’s Consumer Market: 1 country, 18,000 islands and 260m baskets

October 31, 2019

Our analysts took a deep dive exploring how Indonesia’s consumption basket is set to change as the country’s economy continues to grow.

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Indonesia / Real Estate
Indonesia Construction: Looking more attractive

Indonesia Construction: Looking more attractive

October 22, 2019

Relocation of capital city from Jakarta to East Kalimantan spells opportunities for Indonesia’s infrastructure and construction players.

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Indonesia / Telecom
Indonesia Tower Sector: Near historic-high valuation differential

Indonesia Tower Sector: Near historic-high valuation differential

October 16, 2019

Fears of consolidation within the Indonesian telecom sector has continued to shadow the tower sector.

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Indonesia Economics Insights

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 / GDP
Indonesia election watch: energy, food, and infrastructure

Indonesia election watch: energy, food, and infrastructure

February 20, 2019

The Indonesian second presidential debate on energy, food, and infrastructure was held on 17 Feb 2019.

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Indonesia Economics Daily

Indonesia / Trade, Rates
Indonesia: look beyond the deficit

Indonesia: look beyond the deficit

October 16, 2019

In line with our expectations, exports and imports contracted in September. Looking past these weak numbers, exports and imports growth may have bott...

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Indonesia / Monetary, Growth
Indonesia: Monetary and macropru for growth

Indonesia: Monetary and macropru for growth

September 24, 2019

After 75bps cumulative cut this year, we expect another 25bps cut in 4Q. We think that risks are tilted towards more easing if economic activity does...

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Indonesia / Monetary, Rates
Indonesia: Another pre-emptive rate cut

Indonesia: Another pre-emptive rate cut

August 23, 2019

Slowing growth seems to be the main factor for the Bank Indonesia pre-emptive rate cut. BI may only be comfortable to match the Fed pace going forwar...

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Indonesia Equities

Indonesia / Equities
Indonesia Equity Picks

Indonesia Equity Picks

November 26, 2019

The sentiment on Indonesia market remains soft and the JCI index is down by 3% thus far in November 2019.

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Indonesia / Equities
Indonesia Monthly Strategy: Less stormy ahead

Indonesia Monthly Strategy: Less stormy ahead

November 14, 2019

Market sentiment in Indonesia expected to improve following newly appointed government, year end window dressing and improving US-China trade relatio...

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Indonesia / Equities
Indonesia Monthly Strategy: Pedalling against the tide

Indonesia Monthly Strategy: Pedalling against the tide

June 13, 2019

S&P upgrade of Indonesia’s sovereign credit a potential upturn for foreign investments flows, although other external pressures still weigh heavy in ...

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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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