Danareksa Equity Snapshot - Plantation Sector (OVERWEIGHT) Yudha Gautama Malaysia’s palm oil inventory jumped to a record high of 3.01mn tons in Nov 18 (+17.7% YoY, +10.5% MoM), higher than the street’s estimate of 2.99mn tons, as weak exports prevailed over the decline in output. Going forward, we think CPO prices...
Radhika Rao, Economist DBS Group Research Please see below a rundown of this week’s key data releases and events with macro relevance: China’s data is likely to signal more softness in domestic demand. The ECB is due to end monthly asset purchases, but policy tightening expectations will be pushed back. BSP policy move is...
Oleh Lukman Otunuga, Research Analyst FXTM Rupiah melemah karena ketegangan dagang dan kekhawatiran perlambatan pertumbuhan global yang meningkat mengurangi minat terhadap mata uang pasar berkembang. Penghindaran risiko akan menekan mata uang pasar berkembang sepanjang pekan trading ini dan Dolar yang semakin stabil memicu tekanan turun. Prospek jangka pendek Rupiah semakin mengarah...
Danareksa Equity Snapshot  Yudha Gautama We met with BCA’s consumercredit department (BBCA IJ; HOLD; TP Rp28,000)and discussed severalmatters concerning the Indonesian property market including the impact ofthe LTV relaxation rule and the reduction of property-related taxes...
JAKARTA: Pemerintah meminta masyarakat tidak mengkhawatirkan atau mencurigai secara berlebihan terhadap tawaran pinjaman bagi bencana alam senilai hingga US$1 miliar atau sekitar Rp15 triliun dari World Bank (Bank Dunia). Menurut Direktur Pinjaman dan Hibah, Direktorat Jenderal Pengelolaan Pembiayaan dan Risiko (DJPPR) Kementerian Keuangan, Schneider Siahaan pinjaman jangka panjang hingga US$1...
Eugene Leow, Rates Strategist Joanne Goh, Equity Strategist DBS Group Research Rates: Too volatile The intraday moves in US hours were remarkable, adding to the volatility in the early part of the week when market digests the China-US trade truce. 10Y UST yields had a 10bps trading range, touching as low as...
Danareksa Equity Snapshot - 05 Desember 2018 Ignatius Teguh Prayoga | Danareksa Sekuritas The latest Nielsen survey reveals that the audience share of SCMA and MNCN was relatively flat on a monthly basis in Nov 18. For SCMA, the total audience share declined slightly, due to slightly lower prime and...
Radhika Rao, Economist DBS Group Research Rates: Have the UST shorts been flushed out? Positive sentiment from the China-US trade war truce dissipated quickly with the Dow plunging by 800 points overnight, dragging 10Y yields to 2.91%. Questions on trade, worries about US growth and perceived dovishness on the Fed all play...
Seven out of eight names in our portfolio delivered double-digit returns for the month of Nov 18. This compares with the JCI’s 3.8% return during the same month. Big-cap names with sizeable upside are GGRM and BBNI. Other big caps such as ASII, BBRI and BMRI now have single-digit...
by Tae Yong (Taye) Shim | Director of Capital Markets Mirae Asset Sekuritas Indonesia We see no spillover of the financial market turbulence into the real economy as the government has maintained prices on a tight leash. Supported by the normalization of monetary and fiscal policies, we expect to see financial...