Category: Business

Bright Spot of The Economy: Pulp & Paper

Pulp and paper producer PT Indah Kiat Pulp & Paper (INKP) Tbk, controlled by Sinarmas Group, is among the best performing stocks with 168% gain year-to-date. At the current price, Indah Kiat has market capitalization of Rp79 trillion or 1.7 x equity (US$3.37 billion by March 31, 2018).

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Investment Update

The Government has set five priorities in the Industry 4.0 Roadmap. Sustained improvements on the part of policies would have a significant impact. The Government has set the target to increase the contribution of manufacturing sector to Indonesia’s Gross Domestic Product (GDP) up to 21-26% by 2030.

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Market & Fund Raising

Global factors would still affect trading in local stocks this week. Investors remain concerned over the trade talks between the U.S. and China, peace talks on the Korean peninsula, and political uncertainty in Italy.  Indeed, trade was on the top of investors’ minds as U.S. President Donald Trump said he was determined to stop China from “taking our jobs, taking our money” as U.S. and Chinese negotiators met for a second day to try to avert a tariff war, Reuters reported.

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Budget Draft (RAPBN) for 2019

Finance Minister Sri Mulyani Indrawati told the House of Representatives (DPR) on Friday last week (May 18) that the Government had set the target for economic growth in the range of 5.4- 5.8% year-on-year (y/y) for 2019. Inflation target is set in the range of 2.5-4.5% (y/y). The average rupiah exchange rate is estimated to be in the range of Rp13,700-14,000 per U.S. dollar in 2019. And the crude oil price is set in the range of US$60-70 per barrel.

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Survival of the Fittest in Palm Oil

Palm oil has been under pressure for quite sometime now. The commodity stays below RM2500 per ton even though crude oil already moved closer to US$80 per barrel. Plantation companies reported significant drop in their net profit. Some will likely stay if pricing pressure stays longer, while others might leave the business.

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More Promising Cement Data in April

Domestic cement consumption grew 6% year-on-year to 5.34 million tons last month, thanks to strong sales in areas outside Java, especially Sumatra and Kalimantan. Cement export also skyrocketed 165% year-on-year in the month, lifting overall sales growth to 12.8%.

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